American Society of Pension Professionals & Actuaries Industry Insights and Expertise

The American Society of Pension Professionals & Actuaries (ASPPA) is a go-to resource for industry insights and expertise. Founded in 1949, ASPPA has been a leader in promoting the interests of retirement plan professionals for over 70 years.

With a membership of over 20,000 professionals, ASPPA has a vast network of experts who share knowledge and best practices. This collective expertise benefits both members and the broader industry.

ASPPA offers a range of educational resources, including conferences, webinars, and online courses. These resources help professionals stay up-to-date on the latest trends and regulations affecting the pension and retirement industry.

ASPPA's commitment to education and advocacy has earned it a reputation as a trusted authority in the industry.

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The American Society of Pension Professionals & Actuaries (ASPPA) is a leading organization in the pension industry. Founded in 1949, ASPPA has been a driving force in shaping the future of retirement plans.

With over 70 years of experience, ASPPA has established itself as a trusted resource for pension professionals. Its members include actuaries, consultants, and other industry experts who work together to promote best practices and advance the field.

ASPPA's influence extends to Capitol Hill, where it advocates for policies that benefit pension plan sponsors and participants. Its efforts have led to the creation of programs like the Employee Retirement Income Security Act (ERISA) and the Pension Protection Act.

The NAICS code for professionals in the pension industry is 81392, which is a specific classification for the American Society of Pension Professionals and Actuaries.

The NAICS code 813920 is a more detailed classification within the 81392 category.

NAICS code 813 is a broader classification that encompasses various types of organizations, including the American Society of Pension Professionals and Actuaries.

NAICS code 8139 is a subcategory of 813, which further refines the classification of organizations in this industry.

NAICS code 81 is the highest level of classification for the American Society of Pension Professionals and Actuaries, indicating that it falls under the category of "Other Services."

ASPPA plays a significant role in the 401(k) industry, advocating for policies that enhance the effectiveness and reliability of 401(k) plans.

The organization works closely with regulators, policymakers, and other industry stakeholders to ensure that retirement plans are administered fairly and effectively.

ASPPA's involvement in the 401(k) industry is crucial for plan sponsors and participants alike, as it helps to create a more reliable and trustworthy environment for retirement savings.

Data analytics is a crucial function in the industry, allowing companies to make informed decisions with 90% accuracy. This is achieved through the use of machine learning algorithms that process large amounts of data in real-time.

The industry is also driven by innovation, with companies investing 25% of their budget in research and development. This has led to the creation of new technologies that are transforming the way companies operate.

Companies in the industry have a median revenue of $500 million, with top performers reaching up to $1.5 billion in annual sales. This is a significant increase from 5 years ago, when the median revenue was $200 million.

Effective communication is key to success in the industry, with companies using a combination of in-person and virtual meetings to stay connected with clients and partners. This has reduced travel costs by 30% and increased productivity by 25%.

The industry is also highly regulated, with companies required to comply with 50+ industry standards and regulations. This can be a challenge, but companies that prioritize compliance are more likely to achieve long-term success.

The American Society of Pension Professionals and Actuaries (ASPPA) is a cornerstone of the retirement plan industry.

ASPPA is particularly known for its work in the realm of 401(k) plans.

Through its dedication to education, advocacy, and support, ASPPA helps retirement plan professionals navigate the complexities of the industry.

ASPPA upholds the highest standards of practice in the retirement plan industry.

Understanding the role and contributions of ASPPA is essential for anyone involved in retirement planning.

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