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Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Chairman's Statement at Hearing on Proposals to Simplify and Modernize Retirement Plan Administration
Rep. Tim Walberg (R-MI), Chairman, Subcommittee on Health, Employment, Labor, and Pensions; Committee on Education and the Workforce; U.S. House of Representatives [Opinion] May 16, 2018
"Many ERISA provisions related to retirement plan administration are in desperate need of updating, with some having last been revised over two decades ago. Red tape and unnecessary federal restrictions stand in the way of lower costs for small businesses and have contributed to compliance uncertainty, making it harder for employers to provide their employees with retirement savings programs. These are not the most encouraging things to hear as more Americans are retiring, and studies show that Americans should be saving more for retirement."
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