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With longer life expectancies and workforce participation rates pushing past age 65, Americans’ notion of “normal retirement” is changing, according to a biennial survey.
The 2019 edition of Deloitte’s Defined Contribution Benchmarking Survey confirms this trend, showing that many employees...
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New research overwhelmingly supports the Labor Department’s proposal to allow default electronic delivery of retirement plan documents.
According to the study by the SPARK Institute, allowing retirement plan sponsors to make electronic delivery the default method for plan communications would...
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In Part II 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. Hayes provides an overview of his...
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Many of the actions involved in operating a plan make the person or entity performing them a fiduciary. Using discretion in administering and managing a plan or controlling the plan’s assets makes that person a fiduciary to the extent of that discretion or control. Providing investment advice for a...
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ERISA contains specific exemptions for benefit plans of certain types of employers. For example, plans sponsored by governmental entities as defined in ERISA Section 3(32) such as public schools, community colleges and state universities or churches as defined in ERISA Section 3(33) are not subject...
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The National Tax-Deferred Savings Association has announced the Honored Nominees for its prestigious NTSA Elite Advisor Award.
The 2020 NTSA Elite Advisor Award will be presented at the NTSA 2020 Summit in Denver, Jan. 26-28, 2020. The 2020 NTSA Elite Advisor Award Honored Nominees are:
Joe...
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MarketBeat discusses a recent study that challenges the view that the 40-year-old DC system is overly deficient in providing adequate retirement security for American workers.
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Tech Talk addresses the taxability of distributions from a 403(b) account.
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Plan sponsors have moved quickly to incorporate new, more liberal hardship withdrawal provisions, but that have not seen an increase in the number of participants taking advantage of them, says a new survey by the Plan Sponsor Council of America.
The Bipartisan Budget Act of 2018 included a...
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The NTSA Summit is a priority and must-go event for me. But why?
It’s the only place where I can get:
information and insight about directed industry trends
new sales idea that work
perplexing questions answered
opportunities for networking with the best of the best in the industry
my next...
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Treasury Secretary Steven Mnuchin and key Republican lawmakers added their voices to growing concerns over the effect a potential financial transaction tax (FTT) would have on retirement savings and the U.S. economy.
In a Dec. 5 hearing before the House Financial Services Committee to review...
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In Part I 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. Hayes provides a look at his...
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For 403(b) plans covered by ERISA, the Department of Labor (DOL) has outlined the following timelines for fee disclosures:
any changes to the initial disclosure no later than 60 days of when the covered service provider was informed of the change, and
investment changes at least annually.
In...
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The beneficiary or beneficiaries as identified on the “determination date” (September 30 of the year following the year of death) will determine the amount that must be distributed to satisfy the RMD requirements.
Generally, the listed beneficiaries will likely be the same individuals as those...
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I am the Managing Director of Signature Wealth Concepts, and I served as the Senior Vice President of the Southwest Branch of AXA Advisors for four years before founding my firm. For the past 18 years, I have worked with clients in the K-12 space; and I was able to build a team of advisors who...
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Having developed an expanding array of new education products and a dynamic news and research reach alongside the retirement industry’s most compelling events, the American Retirement Association has tapped Tom Connolly to be its first-ever Chief Sales Officer.
Connolly, who joined the...
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Cyber crime, and cyber security, obviously are a concern for plans. But that means more than making sure plan records and accounts are not targets and victims — it also includes other functions, structures and systems.
Experts at the recent SPARK Forum held in Palm Beach, FL offered insights...
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I have attended every NTSA Summit for the past 10 years as it's a great resource for getting up-to-moment technical information straight from the most experienced 403(b) and 457(b) experts in the country.
As an Enrolled Retirement Plan Agent (ERPA), the NTSA Summit is the only place I can get...
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Secretary of the Commonwealth William F. Galvin, Massachusetts’ chief securities regulator, has signed off on new regulations that would impose a uniform fiduciary conduct standard in that state.
A hearing on the proposed regulations, which were filed with Galvin’s Publications & Regulations...
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MarketBeat discusses a survey and interview of plan participants who took at least one plan loan, an effort to understand the context around loan-taking, participant education and loan defaults.
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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...