ASPPA Makes Suggestions for In-Plan Roth Rollovers >
May 22, 2013 -- The American Society of Pension Professionals & Actuaries (ASPPA) filed a comment letter with the Internal Revenue Service about in-plan Roth conversions.
FINRA Delivers $7.5M Smack to LPL >
May 21, 2013 -- On top of the fine from the Financial Industry Regulatory Authority
(FINRA), LPL Financial LLC was ordered to establish a $1.5 million fund for customers affected by email system
Bill Aims to Fend Off Fiduciary Status for Appraisers >
May 20, 2013 -- Congressmen have introduced a bill to modify the definition of fiduciary under the Employee Retirement Income Security Act (ERISA).
Opinion Issued About NQDC Lump Sum and State Tax >
May 10, 2013 -- The New York State Department of Taxation and
Finance decided a lump-sum payment from the non-qualified retirement plans
of a bankrupt plan sponsor was not subject to state income tax.
DOL Seeks Comments About Lifetime Income Data >
May 07, 2013 -- The U.S. Department of Labor (DOL) is seeking comments about rules for lifetime income illustrations provided to defined contribution (DC) plan participants.
ERISA Advisory Council Schedules Meeting >
May 06, 2013 -- The Advisory Council on Employee
Welfare and Pension Benefit Plans will hold an open meeting at the Department
of Labor (DOL) June 4 to 6.
Notice-Filing Bill Passes Florida Senate >
May 03, 2013 -- The bill, SB 814,
affects financial services firms with affiliated financial advisers in Florida,
regardless of where the firm’s headquarters are located.
Budget Proposal Could Create Administrative Headache >
May 03, 2013 -- President Obama’s proposal to cap
individual retirement accounts (IRAs) not only has the potential to affect participants
— it could also add administrative work for sponsors and advisers.
Groups Urge IRS to Streamline Pre-Approved Plans >
May 03, 2013 -- The American Society of Pension Professionals & Actuaries (ASPPA) and the National Tax Sheltered Accounts Association (NTSAA) requested changes to pre-approved plan programs.
Regulations: What’s Happened and What’s Coming >
May 01, 2013 -- Retirement plan sponsors have been dealing with several regulatory initiatives in the past year and more are coming.