Based in the Washington, D.C. area, the American Retirement Association is a non-profit professional organization with two major goals: to educate all retirement plan and benefits professionals, and to create a framework of policy that gives every working American the ability to have a comfortable retirement.
On May 28, 2021, the American Retirement Association wrote to Senators James Lankford (R-OK) and Michael Bennet (D-CO) in support of the Enhancing Emergency and Retirement Savings Act. The bill creates a new category of distribution in a 401(k) plan to allow workers to address a personal financial emergency without an additional tax penalty. (more…)
On May 27, 2021, the American Retirement Association wrote to the Internal Revenue Service to provide input on the Retirement Benefit items to be included on the 2021-2022 Priority Guidance Plan. (more…)
On May 21, 2021, the American Retirement Association wrote to the Internal Revenue Service requesting guidance to clarify that long-term part-time (LTPT) employees who enter a retirement plan before 2024 are not subject to the accelerated vesting rules. (more…)