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John Iekel

By John Iekel | 5/8/2018
Is a glass half empty or half full? It can depend on one’s perspective. And in the case of how well retirement plans – and those saving through them – are doing, it also can depend on the data one gathers and considers. And how one interprets it.In a May 1 session at the Plan Sponsor Council of... READ MORE
By John Iekel | 5/7/2018
Like a plucky girl from Kansas, retirement plan professionals must face challenges of varying severity on the yellow brick road to retirement security. An expert panel at a May 1 session of the Plan Sponsor Council of America (PSCA) Annual Conference in Scottsdale, AZ discussed ways retirement... READ MORE
By John Iekel | 5/4/2018
Rules for fiduciaries – and what the term itself even means – figured prominently in a May 2 session of the Plan Sponsor Council of America's annual conference in Scottsdale, AZ. An expert panel offered their take on the rule (rules?), the fate of such guidance and what it all means.Sharing their... READ MORE
By John Iekel | 5/4/2018
Communicating with participants is bread and butter stuff – a reminder that in the end, benefits administration is about real people. Benefits administrators from two employers in a May 1 session of the Plan Sponsor Council of America’s annual conference in Scottsdale, AZ shared their experiences... READ MORE
By John Iekel | 5/2/2018
A panel of experts at the Plan Sponsor Council of America’s annual conference in Scottsdale, AZ, on May 1 offered their take on some of the critical issues and uncertainties facing retirement plans, plan sponsors and the professionals who serve them, as well as the influence of the federal... READ MORE
By John Iekel | 4/27/2018
The Illinois Secure Choice Savings Program, the state-run retirement savings vehicle for private sector employees in Illinois who do not have access to an employer-sponsored plan, is now being tested by employers that volunteered to participate in a pilot program, Illinois State Treasurer Michael W... READ MORE
By John Iekel | 4/11/2018
A group of 14 private colleges and universities in Virginia plans to create a 403(b) multiple employer plan (MEP). The group is one of the first in the higher education market to take such an action.The Council of Independent Colleges in Virginia (CICV) made the announcement on April 3. Half of its... READ MORE
By John Iekel | 4/4/2018
With the IRS having rebuffed its recommendation to reconsider the disparate impact on small plans of the new pricing structure for the Voluntary Compliance Program (VCP), the American Retirement Association is recommending changes designed to expand the program and offset that result.In an April 4... READ MORE
By John Iekel | 3/28/2018
The DOL Advisory Council on Employee Welfare and Pension Benefit Plans’ latest report centers on one overarching theme: simplifying plan disclosures to participants and beneficiaries. The report also recommends further exploration of the utility and effectiveness of electronic delivery mechanisms.“... READ MORE
By John Iekel | 3/13/2018
What is the best way to increase a household’s affordable, sustainable standard of living in retirement? A recently released paper discusses the relative strengths of saving more and working longer to bring that about.The debate over the merits of working Longer vs. those of saving more is not new... READ MORE
By John Iekel | 3/5/2018
Poor savings rates, high debt levels, the frequent incidence of living paycheck to paycheck — all are among the ingredients in the recipe for financial stress. Financial education can be an antidote, but not in the traditional ways it is provided, suggests a recent study.In “So Many Courses, So... READ MORE
By John Iekel | 3/1/2018
Sen. Orrin Hatch (R-UT) on March 1 outlined some of the effects the recently enacted tax reform law had on retirement plans and their participants. Hatch made his remarks at an American Enterprise Institute (AEI) event assessing the impact of the new Tax Cuts and Jobs Act.Hatch hailed the U.S.... READ MORE
By John Iekel | 2/22/2018
In a Feb. 21 letter to Acting IRS Commissioner David Kautter, Rep. Richard Neal (D-MA) has requested that the IRS reevaluate the new Voluntary Correction Program (VCP) user fees announced earlier this year. Neal is the Ranking Member of the House Ways & Means Committee.In Revenue Procedure 2018... READ MORE
By John Iekel | 2/20/2018
The New Jersey Treasury Department is reviewing responses to its request for information (RFI) from private-sector firms to provide investment products for the Garden State's Small Business Retirement Marketplace. It issued the RFI on Jan. 9 and accepted responses through Jan. 26.The state Treasury... READ MORE
By John Iekel | 1/26/2018
At a Jan. 24 session of the National Tax-deferred Savings Association’s 2018 NTSA Summit in Houston, American Retirement Association CEO Brian Graff discussed the most important federal legislative and regulatory developments affecting retirement plans, including 403(b) and 457 plans.Tax ReformThe... READ MORE
By John Iekel | 1/18/2018
Implementation of the Department of Labor’s fiduciary rule has been delayed, and the rule may not have the teeth it originally did. But it would be a mistake to assume that means a complete demise for a new fiduciary standard for advisors. That depends in part on what the Securities and Exchange... READ MORE
By John Iekel | 1/11/2018
Missouri is the latest state whose legislature has before it a measure that would establish a state-run program for employees whose employers do not offer a retirement plan. State Rep. Kip Kendrick, D-Columbia, who also serves as Minority Whip in the Missouri House of Representatives, introduced... READ MORE
By John Iekel | 1/5/2018
The official launch of Washington State’s Small Business Retirement Marketplace “is drawing near,” Washington State Department of Commerce Marketplace Director Carolyn McKinnon has announced. The state Department of Commerce operates the program.The Department of Commerce has reported in a press... READ MORE
By John Iekel | 12/15/2017
Seattle workers whose employers do not offer a retirement plan will have access to one through the city if a proposal by Mayor Jenny Durkan (D) is enacted.On Oct. 10, then-Mayor Tim Burgess (D) sent legislation to the Seattle City Council to establish the Seattle Retirement Savings Plan (SRSP). The... READ MORE
By John Iekel | 12/5/2017
IRAs play an increasingly large and important role in bolstering retirement readiness, says a recent analysis — and rollovers are a critical part of that vitality. It further reports that while contributions absent rollovers may be infrequent, so are withdrawals.In the December 2017 ICI Research... READ MORE

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