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March 18, 2025

 

Alliance of State Retail Associations
401(k) Plan & Trust Webinar

 

The Alliance of State Retail Associations is dedicated to continually enhancing its offerings, so RAM members have access to the most dynamic programs, products, and services in the marketplace. 

That’s why The Alliance of State Retail Associations partnered with Transamerica to offer members a competitive retirement plan designed to help employees improve their retirement readiness. 

Explore the benefits of joining the Alliance of State Retail Associations 401(k) Plan & Trust during an upcoming webinar hosted by Transamerica. They include: 

  • Fewer plan administrative duties
  • Reduced fiduciary liability
  • Streamlined costs
  • Online account management
  • Employee education and communication support

Nineteen state retail associations across the country currently participate with the ASRA 401K Plan.  RAM members constitute the largest group of participants in this important wealth building cooperative program for small business workforces.  Join this webinar to find out why. 

The webinar for RAM members will take place April 24 at 1p.m. ET. We look forward to sharing more about this great solution.

 

REGISTER NOW

 


UPDATE: Treasury Suspends Enforcement of the

Corporate Transparency Act

 

The United States Treasury Department has announced that it will not enforce the beneficial ownership information (BOI) reporting rule of the Corporate Transparency Act (CTA) which required businesses of all sizes to disclose specific and sensitive information about individuals with ownership interest in the company.  Under the announcement, small businesses that do not file required BOI reports by the March 21st deadline will not be subject to fines or penalties.  Despite this decision by the Treasury, efforts to fully repeal the CTA are ongoing. RAM anticipates that this issue will continue to evolve and advises members to continue to monitor RAM communications for new developments.

 

Legal Age of Purchase  

 

Members are advised that they may soon receive a solicitation from Citizens for Adult Choice (C4AC) inviting them to sign a joint letter in support of the Legal Age of Purchase (LAOP) legislation.  This letter, which will be sent to Massachusetts House and Senate leaders, advocates for codifying the legal age for age-restricted products in our state.  Your participation is essential to demonstrating robust industry backing for this initiative.  Please note that RAM is a part of the C4AC coalition and has previously signed on to an industry association letter in support.  Please feel free to contact the RAM office with any questions.   

Thank you for your attention and support.

 

MA Attorney General Campbell
Finalizes “Junk Fee” Regulations 

 

MA AG Andrea Campbell recently released final “junk fee” regulations that will take effect on September 2, 2025.  The AG’s Office described the regulations as requiring businesses to be more upfront about fees, enable easier cancellation of trial offers and subscriptions, and to prevent unnecessary charges. 
 
The regulations can be found here: https://www.mass.gov/doc/junk-fee-regulations-940-cmr-3800-0/download. 
 
A summary of the regulations can be found on the AG’s website here:
https://www.mass.gov/news/ag-campbell-releases-junk-fee-regulations-to-help-consumers-avoid-unnecessary-costs
 
All members are encouraged to review the regulations and related summary documents to ensure future compliance.