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News Archive
Executive Report - Feb. 2020
Regulations IRS Whistleblower Informs ARA of Change that Could Doom Voluntary Corrections Driven by an apparent desire to clean up its case backlog, the IRS is planning a shift in procedure that might mean the end of the VCP program and subject a massive number of plans to audit. Word of the dramatic shift in focus was brought to the attention of... Read More >>
ICYMI - Monday, Feb 24, 2020
Recent News you May Have Missed Core ‘Related’: Investing Health Savings Account Assets HSA investment selection activity to date turns out to be highly correlated with the objectives for adopting HSA-capable health options and Health Savings Accounts. Turn ‘Older’: The Next Big Retirement Threat—Keeping Your Job Past 50 Over half of full-time... Read More >>
IRS Whistleblower Informs ARA of Change that Could Doom Voluntary Corrections
Driven by an apparent desire to clean up its case backlog, the IRS is planning a shift in procedure that might mean the end of the VCP program and subject a massive number of plans to audit. Word of the dramatic shift in focus was brought to the attention of the American Retirement Association by an anonymous IRS whistleblower. The... Read More >>
ICYMI - Tuesday, Feb 18, 2020
PSCA Member Alert On February 12, the American Retirement Association (ARA) delivered separate comment letters to the Department of Labor and the IRS outlining questions and requests for clarification on various aspects of the SECURE Act. Following up on a recent meeting with the Department of Labor, ARA outlined a number of items requiring... Read More >>
Survey: Retirement Plan Menu Triggers Lawsuit
An issue raised in a recent 401(k) litigation case involved the kinds and number of fixed income options available to participants. To provide insights to plan sponsors about these current trends, PSCA is conducting a brief snapshot survey on fixed income investment options in retirement plans. It won’t take much time – but the insights could be... Read More >>
ICYMI - Monday, Feb 10, 2020
Recent News you May Have Missed PSCA’s ICYMI: Welcome to the New PSCA.org! PSCA is excited to announce the launch of a new mobile-friendly website that features enhanced content, a sharp, modern design, and intuitive navigation ‘Control’ Tower?: What Constitutes Control of Plan Assets? A federal appellate court has adopted the fiduciary test... Read More >>
Welcome to the New PSCA.org
PSCA is excited to announce the launch of a new mobile-friendly website that features enhanced content, a sharp, modern design, and intuitive navigation. You'll find it at the same place - www.psca.org! To access the members-only features of the new site, you will need to establish your account on the new site. Here's how: Your username is the... Read More >>
ICYMI - Monday, Feb. 3, 2020
Recent News You May Have Missed Data Driven: Schlichter Finds a New Angle in Excessive Fee Suit The firm that created the current generation of excessive fee suits, and that branched that focus into university 403(b) plans, has grafted concepts of both into a fresh cause of action – and put recordkeepers – and their use of participant data –... Read More >>
ICYMI - Monday, Jan 27, 2020
Recent News You May Have Missed “Grounds” Keeping: Excessive Fee Suit Treads New Ground(s) A new excessive fee suit makes some of the same claims, but relies on different arguments, turning not only to government filings, but also making very precise arguments about plan expenses and portfolio diversification. 2020 Vision: What Are Plan... Read More >>
‘Learning’ Objectives: What’s Holding Back HSAs?
The Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), today released a whitepaper analyzing the growth to date and potential future for Health Savings Accounts (HSAs) – as well as some factors that appear to be hampering that growth. Sponsored by the Empower Institute, the paper was co-authored by Nevin E.... Read More >>