Advertisement
News Archive
On Nov. 22, the American Retirement Association weighed in on the Labor Department’s e-delivery proposal.
The proposal – which fulfills a key component of President Trump’s August 2018 retirement security Executive Order – would allow plan administrators who satisfy specified conditions to provide...
READ MORE
The final rule the Department of Labor issued in 2012 says that the investment of plan assets is a fiduciary act governed by the fiduciary standards in ERISA Section 404(a)(1)(A) and (B), which require plan fiduciaries to act prudently and solely in the interest of the plan’s participants and...
READ MORE
In Part III of the 6th Series of the NTSA WOWcasts, Past NTSA President Randy Aranowitz interviews Jody Detillier, CEO of Detillier Financial Advisors and 2015 NTSA Elite Advisor. They discuss what the NTSA means to Detillier.
In Part I, Aranowitz and Detillier discussed his background and...
READ MORE
Failure to take the amount needed to satisfy the RMD will result in a 50% excise tax in the amount that should have been taken, but was not. The IRS does have some leeway to waive the excise tax when the failure to take the necessary amount is due to reasonable error.
In order to request a waiver...
READ MORE
Obviously, I truly believe in the NTSA and its mission to assist public school teachers, nonprofits and church organizations in the compliance area of 403(b)s, 457, 401(a) plans and more!
It is the only trade association that supports all of the parties (advisors, TPAs, consultants, and investment...
READ MORE
The Department of Labor’s Employee Benefits Security Administration (EBSA), the IRS and the Pension Benefit Guaranty Corporation have released advance copies of the 2019 Form 5500 and the Form 5500-SF, as well as their schedules. They will be used for reporting information pertaining to the 2019...
READ MORE
MarketBeat discusses a study that challenges the view that the 40-year-old DC system is overly deficient in providing adequate retirement security.
READ MORE
In its 3Q 2019 analysis of retirement trends, Fidelity Investments found that market conditions in the third quarter caused average account balances to dip slightly after reaching near-record levels the previous quarter. And while 403(b) balances dipped in the short term, longer-term results were...
READ MORE
The Pension Benefit Guaranty Corporation (PBGC) is proposing minor modifications to the Form 5500 Series for reporting about the 2020 plan year. The PBGC intends the changes to improve the accuracy of reported information.
The changes are relevant to 403(b) plans that are covered by Title I of...
READ MORE
Stephanie Avakian, Co-Director of the Securities and Exchange Commission (SEC) Division of Enforcement, outlined the agency’s examination of the administration of teacher retirement plans at a recent conference.
In keynote remarks she presented Nov. 5 at the 2019 SEC Regulation Outside the United...
READ MORE
Tech Talk addresses when plan-to-plan transfers between 403(b) plans are permitted.
READ MORE
Few read mandated fee disclosures; the disclosures may mislead more than they inform.
In 2012, I analyzed the EBSA’s fee disclosure regulations. Here’s part of the abstract from my paper.
“Over the next 10 years, let’s increase the fees paid by individual account plans, like the 401(k), by...
READ MORE
Most current retirees say they rely primarily on Social Security or a pension to fund their retirement, but a new study finds that younger generations have a different mindset altogether.
More than 8 in 10 (86%) retirees fund their retirement primarily with Social Security or a pension. By...
READ MORE
In Part II of the 6th Series of the NTSA WOWcasts, Past NTSA President Randy Aranowitz interviews Jody Detillier, CEO of Detillier Financial Advisors and 2015 NTSA Elite Advisor. Detillier provides a look at his business model, K-12 marketing, using video to promote a business and conducting...
READ MORE
Individuals who have more than one 403(b) account (or more than one IRA account) may satisfy the required minimum distribution (RMD) requirement for that plan type or retirement account type from any like accounts, however RMD calculations must be done separately for each account. This assumes that...
READ MORE
The employer’s involvement in the plan is a key difference between an ERISA plan and a non-ERISA plan.
An employer with an ERISA plan chooses the investment options, controls the deposit and timing of employee contributions and may also provide an employer matching contribution.
An employer with...
READ MORE
Plan sponsors look to their websites for a wide range of information, but recordkeepers have work to do regarding their design and features, say analysts who studied sites and users’ experiences.
At the recent SPARK Forum in Palm Beach, FL, Olivia Jack and Andrew Way of Corporate Insight presented...
READ MORE
New survey results by HealthSavings Administrators finds that employers overwhelmingly outpace benefits professionals in viewing HSAs as a retirement planning tool.
The survey of 270 benefits professionals and employers found that 90% of surveyed employers, benefit consultants, benefit brokers...
READ MORE
Tech Talk addresses whether an employer can contribute to a 403(b) plan for a former employee.
READ MORE
In MarketBeat, Shelby George and Cherie Moser discuss what employers can do to provide participants with financial wellness programs that assist with financial education and cash flow tools.
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...