ASPPA

Sep 4, 2024 | asppa.org | John Sullivan |John Iekel |Ted Godbout

The American Retirement Association joined several high-profile retirement industry organizations in submitting a letter to Congress in late August urging them to finalize—and pass—the SECURE 2.0 Technical Corrections Act of 2023 as soon as possible. The letter highlighted several corrections the group believes Congress should address quickly, such as those related to automatic enrollment and PEPs/MEPs and the special tax treatment for distributions to terminally ill plan participants.

Jul 18, 2024 | asppa.org | John Sullivan |John Iekel

The Internal Revenue Service (IRS) will publish final regulations in the Federal Register on July 19 for required minimum distributions (RMD) contained in SECURE Acts 1.0 and 2.0.The final regulations confirm that when an individual dies after RMDs have begun, yearly distributions must continue to be made to beneficiaries with the account completely depleted within 10 years.

May 17, 2024 | asppa.org | John Sullivan

Congressional critics of the Department of Labor’s (DOL) final fiduciary rule, officially called the Retirement Security Rule, announced May 15 that they are moving forward with their attempt to block the rule from taking effect. Several high-profile senators and representatives introduced a resolution of disapproval under the Congressional Review Act (CRA) to overturn what they claim is “a flawed rule from the DOL that would endanger financial choice and access.”The move was spearheaded by Sens.

Dec 27, 2023 | asppa.org | John Sullivan

A brand new year awaits us – and with the New Year comes an opportunity to assess and reassess – for some when, resolutions for the cessation of bad behaviors and the beginning of better ones are in vogue. Here are some for plan fiduciaries for 2024 – that could benefit plan outcomes for years to come.

Nov 30, 2023 | asppa.org | John Iekel |John Sullivan

Happy Birthday, ERISA!It’s been 50 years since the Congress passed landmark legislation that protected the savings of American workers and—arguably—created an entire industry. It’s now time for the golden anniversary. The American Retirement Association announced that it and eight associations will host the ERISA 50th Anniversary Symposium and Gala on Thursday, Sept. 12, 2024, to mark five decades since the landmark law’s passage.