Advertisement
News Archive
The 2019 NTSA publication of the 403(b) Plan Enhancement Guide was one of the tangible results of the PSCA study that examined the savings of public education in more than 4,400 school districts across the country. The Plan Enhancement Guide enumerates ways to increase participation in 403(b) plans...
READ MORE
President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law on Dec. 20.
The bill was tucked into the 1,700 page, $1.4 trillion Further Consolidated Appropriations Act, 2020 (H.R. 1865, as amended) to fund half the government for the remainder of fiscal...
READ MORE
In Part I of the 8th Series of the NTSA WOWcasts, Past NTSA President Randy Aranowitz interviews Frank Owen, President of F.R. Owen & Associates, who served as NTSA President in 2008 and 2009 and was a 2014 Elite Advisor. Owen provides a look at his background and an overview of the business...
READ MORE
Section 457 plans are generally subject to ERISA unless exempted by statute. Since ERISA exempts all plans sponsored by state or local governments, their political subdivisions or instrumentalities thereof, any 457 plan installed by a public education institution, police department, fire department...
READ MORE
Hiring a service provider in and of itself is a fiduciary function. When considering prospective service providers, provide each of them with complete and identical information about the plan and what services you are looking for so that you can make a meaningful comparison.
For a service contract...
READ MORE
In Part III of the 7th Series of the NTSA WOWcasts, Past NTSA President Randy Aranowitz interviews Scott Hayes, President and CEO of ISC Group, who served as 2012 NTSA President and 2018 American Retirement Association President, and was a 2017 NTSA Elite Advisor. They discuss what the NTSA and the...
READ MORE
The NTSA Advisor will not appear on Tuesday, Dec. 24, as the NTSA office will be closed. We’ll be back on Thursday, Dec. 26. We wish you happy holidays, and offer some little-known facts concerning the holiday season.
The Christmas tree was adopted in upper-class homes in Germany in the 18th...
READ MORE
The extended Early Bird Registration rates for the 2020 NTSA Summit expire tomorrow, Friday, Dec. 20.
The NTSA Summit is where leaders and innovators come together to make a difference for their clients, the industry and themselves. It is the only national gathering of professionals in the 403(b...
READ MORE
Another exemption from ERISA for certain 403(b) plans is found under DOL Reg. 2510.3-2, which defines the term “employee benefit pension plan.” Under that regulation, 403(b) arrangements in which contributions are made solely by salary reduction agreement with an employer whose involvement is...
READ MORE
Fiduciaries have important responsibilities and are subject to standards of conduct because they act on behalf of participants in a retirement plan and their beneficiaries. These responsibilities include:
acting solely in the interest of plan participants and their beneficiaries and with the...
READ MORE
Fulfilling responsibilities and increasing participation and deferral rates are the top priorities of 403(b) plan sponsors for 2020, the Plan Sponsor Council of America (PSCA) finds in a new survey.
Survey respondents’ top five priorities were:
Priority
Percentage Naming it Top...
READ MORE
While the SECURE Act is garnering most of the attention, it’s not the only retirement-related legislation included in the spending bill now headed to the Senate.
Distributions for Qualified Disasters
In addition to the SECURE Act, Congress added special disaster-related rules for the use of...
READ MORE
The House of Representatives on Dec. 17 approved the “minibus” government funding bill that contains the bipartisan Setting Every Community Up for Retirement Enhancement (SECURE) Act, moving the bill one step closer to enactment. The bill passed by a 297-120 margin.
Contained in the Further...
READ MORE
In MarketBeat, Matthew H. Hawes and A. Benjamin Klaber argue that when selecting and monitoring a service provider, one key issue facing retirement plan fiduciaries is their duty with respect to the privacy and security of plan participant data.
READ MORE
The Congressional Budget Office (CBO) has issued new projections concerning the finances of the Social Security system, and reports that its expectations are largely the same as those it articulated in 2018.
In “CBO’s Long-Term Social Security Projections: Changes Since 2018 and Comparisons With...
READ MORE
In a major victory for the advocacy efforts of the American Retirement Association, the most comprehensive retirement savings policy bill since the Pension Protection Act of 2006 took another big step toward becoming law yesterday.
Years in the making, the Setting Every Community Up for Retirement...
READ MORE
Tech Talk addresses whether a safe harbor arrangement may make optional features available if the 403(b) provider is responsible for any discretionary determinations.
READ MORE
The early bird registration rates for the 2020 NTSA Summit have been extended one week! Rates expire this Friday, Dec. 20.
The NTSA Summit is where leaders and innovators come together to make a difference for their clients, the industry and themselves. It is the only national gathering of...
READ MORE
In the coming year, The National Tax-Deferred Savings Association will be increasing its support of its membership and the work they’re doing in the ERISA 403(b) marketplace. With additional technical programs, conference support and continuing education, our retirement plan professionals will...
READ MORE
The most significant piece of retirement legislation in a decade could become a reality, after all.
Hill staff worked throughout the weekend to put the finishing touches on the nearly $1.4 trillion spending bill for FY 2020, which will likely be the last “legislative vehicle” for 2019 – and things...
READ MORE
Recent Comments
Does the roth requirement for catch-up contributions for people who earned $145,000 apply to 457...
Hi Ed,
I really liked this article and I think you make a lot of sense. And I had no...
I believe there's a misstatement in that last quote - it should refer to governmental and...
Working with several medical providers as clients, I note that the high-end earners tend to push...
Congratulations to NTSAA for landing a good one. Nathan's breadth of experience and...