The Government Accountability Office (GAO) published its final report on Individual Retirement Accounts (IRAs), offering some recommendations for Congress and the IRS on so-called “mega” IRAs. As had the agency’s preliminary reports on IRAs, the new report notes that a small number of taxpayers has... READ MORE

Five members of the Senate Finance Committee are asking Treasury Secretary Jack Lew for some retirement plan relief. The letter — signed by Senate Finance Committee Chairman Ron Wyden (D-Ore.) and Sens. Debbie Stabenow (D-Mich.), Ben Cardin (D-Md.), Sherrod Brown (D-Ohio) and Bill Nelson (D-Fla... READ MORE

This article originally appeared in the Winter 2014 issue of NAPA Net the Magazine. To view a PDF version of this article, with commentary from Judy Miller, ASPPA's Director of Retirement Policy, CLICK HERE.In physics, a wave is a traveling disturbance that travels through space and matter,... READ MORE

The Nov. 7 issue of The New York Times included a story about “Finding, and Battling, Hidden Costs of 401(k) Plans.” The story focused primarily on the plight of Ronald Tussey, the named plaintiff in Tussey v. ABB, Inc., one of the so-called “excess fee” revenue sharing cases.  Tussey, now 70,... READ MORE

MassMutual and Golden Star, Inc. have asked the court to approve a settlement in their 401(k) revenue-sharing suit.  The settlement (which, according to the Fiduciary Matters Blog, does not involve a separate lawsuit brought by MassMutual’s own employees), allows for two settlement classes to be... READ MORE

A new CareerBuilder survey indicates that over the past year, 28% of employees have called in to work sick when they were feeling well. While that’s down from 32% last year, asked for their reason(s): 30% just didn’t feel like going in to work 29% wanted the day to relax 19% wanted... READ MORE

Several months back we acquired an aquarium, and I looked forward to filling it up with all kinds and sizes of exotic fish – only to be disappointed to find out that, despite the massive displays of what appeared to be whole schools of fish in similar sized tanks at the pet store, our tank would... READ MORE

Plans interested in providing lifetime income alternatives via target-date funds that include deferred annuities just got some much-needed clarity from the IRS. In Notice 2014-66, the IRS provides a special rule that enables qualified defined contribution plans to provide lifetime income by... READ MORE

With more and more defined benefit plan sponsors exploring — and undertaking — pension de-risking, a pair of leading U.S. senators have asked regulators to establish some guidelines to ensure that those covered by those programs are protected. Senate Finance Committee Chairman Ron Wyden (D-Oregon... READ MORE