Developments in Washington continue to have a profound impact on the design and administration of retirement plans. When the 2014 mid-term election cycle is completed, Congress is expected to once again turn its attention to tax reform. Several proposals would dramatically reduce the tax incentives that spur many small business owners to establish and maintain qualified retirement plans. Learn about how the elections and a new Congress will influence these proposals and how ASPPA's Government Affairs Committee is responding. In addition, hear about the latest DOL and IRS regulatory initiatives, including the final QLAC regulations from the IRS as well as proposed regulations from the DOL that if adopted, will mandate that a summary or guide be provided along with the other disclosure documents required by ERISA §408(b)(2).
CRAIG HOFFMAN is the General Counsel and Director of Regulatory Affairs for the American Society of Pension Professionals and Actuaries (ASPPA). Craig has previously served ASPPA as President, Co-chair of the Government Affairs Committee and Co-chair of the Political Action Committee. Prior to joining ASPPA, Craig served as General Counsel for SunGard Relius LLC, and before that, was in private practice, specializing in the areas of taxation, ERISA, and employee benefits. He received both his J.D. and his LL.M. in Taxation from the University of Florida. Craig has spoken at numerous meetings on the subject of qualified pension and retirement plans and was an expert speaker at the first Saver Summit, jointly sponsored by the White House and Congress. Presently, Craig serves on the editorial boards of the Journal of Pension Benefits (Panel Publishers) and the Journal of Pensions Management (Henry Stewart Publications). He was a charter member of the first IRS Advisory Committee on Tax Exempt and Governmental Entities. He is also a Fellow in the American College of Employee Benefits Counsel.