News Archive

Colorado is poised to join the states with a state-sponsored retirement savings plan for private sector workers—including a mandate for employers (with more than five employees) that do not currently offer a retirement plan. The state Senate is considering a bill that would create an IRA-based... READ MORE

Attn: NTSA Volunteers   Thanks for your amazing volunteerism that propels NTSA, its missions, its members and their clients forward. Without you we could hardly achieve all the amazing works.   Likewise, we are grateful for your volunteerism in your local communities. We understand that about... READ MORE

In MarketBeat, John Iekel discusses a recent blog entry that argues that cyber breaches of retirement plans put more than participants at risk—they also put plan sponsors at risk of fiduciary liability. READ MORE

Concluding that “courts sometimes make standing law more complicated than it needs to be,” in a 5-4 decision, the nation’s highest court has ruled that plaintiffs in a suit involving a defined benefit plan hadn’t incurred the loss of benefits necessary to establish the right to bring suit.   More... READ MORE

While there's still no Form 5500 filing relief, Notice 2020-35, issued May 28, provides additional administrative relief regarding deadlines applicable to employment taxes, employee benefits and exempt organizations affected by the pandemic. Under Code Section 7508A, the IRS is postponing... READ MORE

Know an NTSA Volunteer who scores with special community service during the COVID pandemic?   Nominate them for the prestigious NTSA Ford Volunteer Service Award.   It's easy for you! And it means a lot for our outstanding, dedicated members.   Just provide:   their contact info, and... READ MORE

The California Secure Choice Retirement Savings Investment Board has issued a request for proposals (RFP) for program consulting services for CalSavers, the state-sponsored program for employees whose employers do not offer a retirement plan.   The Board intends Request for Proposals No.... READ MORE

The Department of Labor’s 2012 final rule to improve transparency of fees and expenses provides plan administrators protection from liability for the completeness and accuracy of information provided to participants as long as the plan administrator reasonably and in good faith relies upon... READ MORE

New legislation would significantly expand the existing credit to cover the wages and benefits of employees of businesses affected by COVID-19 until the pandemic subsides, but the bill does come with some strings attached.   Introduced May 21 by Sen. Mark Warner (D-VA) along with eight original... READ MORE