Neal-Brady Bill Would Build on SECURE Act

House Ways and Means Committee Chairman Richard Neal (D-MA) and Ranking Member Kevin Brady (R-TX) are optimistic that the bill they introduced Oct. 27 to expand on the 2019 SECURE Act and help more Americans save for retirement could move quickly through Congress. The “Securing a Strong Retirement Act of 2020” would promote savings earlier… Read more »

ASAE Joins Chamber Letter Opposing Payroll Tax Order

ASAE joined the U.S. Chamber of Commerce and more than 30 other associations this week in a letter urging congressional leaders and Treasury Secretary Steven Mnuchin to enact tax relief for American families that does not rely on a payroll tax deferment. President Trump issued an executive order this month that allows employers to defer… Read more »

Trump’s Payroll Tax Deferral Raises Questions

President Trump’s executive action last weekend to defer collection of payroll taxes forces employers, including associations, to make some difficult choices in the weeks ahead. Trump’s executive order defers payroll taxes from Sept. 1 through the end of December, meaning companies have just weeks to figure out whether the order is mandatory and modify payroll… Read more »

403(b) and 457 Retirement Plans Under New Scrutiny

The US Securities and Exchange Commission (SEC) recently sent letters to companies that administer Section 403(b) and 457 retirement plans to investigate whether violations of federal securities laws have occurred in administering the plans. The SEC wants details on how the plan administrators choose investment options and police themselves amidst conflicts of interest. The investigation,… Read more »