A month ago, the Labor Department unveiled an interim final rule on lifetime income disclosures on participant statements. Today the window for comments opens.
Under the Interim Final Rule,... Read More
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SECURE Act
BY Ted Godbout | 9/14/2020
Thinking about entering the small-business market? A Sept. 10 workshop session at the 2020 NAPA 401(k) Cyber Summit offered insights on how and why advisors might focus on small plan opportunities—... Read More
BY Ted Godbout | 9/3/2020
The Internal Revenue Service has provided some answers to questions concerning the small employer automatic enrollment credit, part-time vesting rules and other provisions under the Setting Every... Read More
BY Nevin E. Adams, JD | 8/18/2020
In the latest of a series of regulatory announcements, updates and proposals, the Labor Department has unveiled an Interim Final Rule on lifetime income disclosures under the SECURE Act.
Under the... Read More
BY Ted Godbout | 7/27/2020
The American Retirement Association is urging the Department of Labor to provide a level playing field, as it considers potential new prohibited transaction exemptions (PTEs) in relation to Pooled... Read More
BY John Iekel | 6/11/2020
The American Retirement Association has provided the Department of Labor with some comments on dealing with potential issues regarding Pooled Employer Plans and Pooled Plan Providers... Read More
BY Fred Reish and Bruce Ashton | 5/14/2020
EDITOR'S NOTE: This article first appeared in the Spring issue of NAPA Net the Magazine.
The SECURE Act has three sections that, taken together, should have a positive impact on the provision... Read More
BY David Levine, JD | 4/30/2020
After years of waiting, the SECURE Act is law. Open multiple employer plans, generally referred to as pooled employer plans (PEPs) under the SECURE Act, can go live in 2021. So what does a plan... Read More
BY NAPA Net Staff | 3/11/2020
While it's not specifically spelled out in the SECURE Act, a key official with the Labor Department indicated that the agency anticipates issuing guidance to help implement the lifetime income safe... Read More
BY Nevin E. Adams, JD | 3/3/2020
There are few things more annoying in my daily existence than those ubiquitous pop-up service agreement acknowledgements.
I say annoying because they are inevitably long and “lawyerly”; there’s no... Read More
BY Ted Godbout | 2/24/2020
Three key provisions of the SECURE Act could help chip away at the nation’s retirement deficit, particularly for younger workers and those working for small employers, according to a new analysis by... Read More
BY NAPA Net Staff | 2/13/2020
The American Retirement Association has outlined a number of high priority clarifications needed following passage of the SECURE Act.
In a letter dated Feb. 12, the ARA submitted to Carol... Read More
BY NAPA Net Staff | 2/13/2020
Following up on a recent meeting with the Department of Labor, the American Retirement Association has outlined a number of items requiring additional guidance under the SECURE Act.
In the Feb. 12... Read More
BY Ted Godbout | 2/10/2020
The SECURE Act included three provisions that seek to foster greater adoption of guaranteed lifetime income products by DC plans and participants. But will they be enough?
According to a... Read More
BY Nevin E. Adams, JD | 1/17/2020
Surveys of small business owners have consistently shown cost to be a significant impediment to the adoption of a retirement plan for employees, and the SECURE Act includes a massive increase in a... Read More
BY Brian Graff | 1/15/2020
Ironically, one of the most popular provisions in the SECURE Act also turns out to be one of the most controversial among industry professionals.
Specifically, that’s the provision regarding “... Read More
BY John Iekel | 1/8/2020
A recent blog post explores an unusual aspect of Required Minimum Distributions, arguing that they have a connection to the 1962 Cuban Missile Crisis.
What connection could there possibly be... Read More
BY John Carl | 1/8/2020
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and... Read More
BY Nevin E. Adams, JD | 1/3/2020
So, now it’s official – and much of the newly enacted SECURE Act is effective immediately. There’s a lot to know, a lot for which to plan, and a lot to share. This week we asked readers what they... Read More
BY NAPA Net Staff | 12/31/2019
Brian Graff, CEO of the American Retirement Association, recently chatted with Money Life with Chuck Jaffe to discuss the various benefits of the SECURE Act.
Graff, who’s interviewed by Jaffe for... Read More
Instant Analysis: Small Plan Start-Up Tax Credit: 401(k) Plans Half-Off (or Better) Beginning Jan. 1
BY Brian Graff | 12/27/2019
Surveys of small business owners have consistently shown cost to be a significant impediment to the adoption of a retirement plan for employees. Well, the recently enacted SECURE Act has a provision... Read More
BY Ted Godbout | 12/23/2019
There’s much good for retirement plans and those who work with them in the SECURE Act, but there are a couple of nuggets of “coal” in there as well.
One such provision that retirement plan... Read More
BY Ted Godbout | 12/20/2019
President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law on Dec. 20.
The bill was tucked into the 1,700 page, $1.4 trillion Further Consolidated... Read More
BY NAPA Net Staff | 12/19/2019
To understand a new law, it’s often helpful to read the actual law – especially since, in the case of the SECURE Act, we may well be waiting on IRS and DOL regulations for much of 2020. But what if... Read More
BY Ted Godbout | 12/19/2019
The U.S. Senate on Dec. 19 approved the catch-all spending legislation that contains the SECURE Act, clearing the measure for President Trump’s expected signature.
The Senate voted 71-23 to... Read More
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