Rhode Island is on the road to possibly becoming a member of the Secure Choice Club. A bill has been introduced in the state’s House of Representatives that would establish a state-run retirement program that would cover those whose employers do not offer one. Rep. Evan P. Shanley (D-East... READ MORE

The IRS has updated Form 8881, Credit for Small Employer Pension Plan Startup Costs, Auto-Enrollment, and Military Spouse Participation, for 2023 filing to reflect provisions in SECURE 2.0 intended to expand coverage and increase retirement savings.  The revisions to Form 8881 under the SECURE 2.0... READ MORE

Generation Z—the youngest generation in the workforce—may also be the most interesting regarding retirement and preparing for it. Studies reveal a mix—cacophony?—of behaviors and attitudes among its members that suggest it is a group that may be receptive to a range of approaches in working to... READ MORE

The IRS on Dec. 20 issued the 2023 cumulative list of changes in plan qualification requirements for pre-approved defined contribution (DC) plans. The changes are contained in Notice 2024-03. The 2023 Cumulative List is intended to assist providers applying to the IRS for opinion letters for the... READ MORE

Electronic filing of the Form 5558, Application for Extension of Time to File Certain Employee Plan Returns, for form year 2023 may not be available starting Jan. 1, 2024 after all.  It appears the Department of Labor (DOL) has communicated to third-party software developers that the electronic... READ MORE

There is work to be done in improving overall retirement readiness—and one factor that could help explain that is confidence about retirement planning and plans, recent studies suggest. Confidence Wanting Confidence about finances in general is low among those surveyed in the United States that... READ MORE

Good news from the Pension Benefit Guaranty Corporation (PBGC): both its multiemployer and single-employer insurance programs are healthy and in an even better financial position than they were at the start of 2023.  The PBGC—which protects the retirement benefits of more than 31 million workers,... READ MORE

The IRS has updated the information on its website to indicate that beginning Jan. 1, 2024, Form 5558, Application for Extension of Time to File Certain Employee Plan Returns, can be filed electronically or on paper.  The American Retirement Association (ARA) in a Dec. 5, 2022 letter to the IRS... READ MORE

Nevin E. Adams, JD, is the 2023 recipient of ASPPA’s Harry T. Eidson Founders Award. He received the award at the ASPPA Annual Conference in National Harbor, MD.  Justin Bonestroo, 2023 ASPPA President, bestowed the award, recognizing Adams as having been “an integral part of the expansion of... READ MORE