The Pension Benefit Guaranty Corporation’s (PBGC) Office of the Participant and Plan Sponsor Advocate reports progress in 2022, but adds in its 2022 annual report that there is more to be done.  Payments to Participants  The Office of the Advocate reports that in 2022, the PBGC paid more than $7... READ MORE

Fast away the old year passes! There are plenty of things to occupy an employer, a plan administrator, and a service provider’s time as the year comes to a close — and the IRS offers suggestions regarding year-end considerations concerning a retirement plan. Such a resource is especially helpful... READ MORE

The Department of Labor (DOL) on Dec. 12 reported that its Employee Benefits Security Administration (EBSA) recovered more than $1.4 billion for employee benefit plans, participants, and beneficiaries in fiscal year 2022. And that includes more than half a billion dollars that EBSA recovered for... READ MORE

The Office of the Delaware State Treasurer on Dec. 5, 2022, announced that it is seeking proposals from qualified firms interested in providing program consulting services for the Delaware Expanding Access to Retirement and Necessary Savings (EARNS) Program. Gov. John Carney (D) on Aug. 18, 2022,... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) in its annual report has noted positive developments that took place in the last year, and also is looking to the future with the naming of four members to its Advisory Committee. 2022 Results In its Fiscal Year (FY) 2022 Annual Report, the PBGC... READ MORE

The IRS has, effective immediately, expanded the individually designed retirement plan determination letter program to include certain 403(b) plans.  The IRS announced on Nov. 7 in Revenue Procedure (Rev. Proc.) 2022-40 that it will now allow 403(b) retirement plans used by certain public schools... READ MORE

Feeling SECURE? We’re still fairly new at implementing the first one, and here comes the second. In an Oct. 24 session of the 2022 ASPPA Annual conference, two industry experts offered a deep dive into what Part II may portend.  “The legislative process is a mystery,” said American Retirement... READ MORE

In working on behalf of retirement plans, retirement plan participants, and those who support them, one of the constants is the importance of a bipartisan approach, American Retirement Association CEO and ASPPA Executive Director Brian Graff stressed in his opening remarks at the 2022 ASPPA Annual... READ MORE

Cyber criminals are creative and resourceful — and they’re not just after bank accounts. Industry experts in a recent webinar cautioned that retirement plans are in their sights as well.  “Retirement plans are being attacked in the ways that banks have been,” warned John Rosenburg, Information... READ MORE