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A new study suggests that employers that focus on the financial well-being of their workers have a significant opportunity to improve employees’ financial health, while also benefiting their business.   Conducted by the Financial Health Network on behalf of Morgan Stanley at Work, the survey of 1,... READ MORE
Consistent with prior input from the American Retirement Association, New Jersey correctly excluded ERISA plan fiduciaries from the application of its proposed new fiduciary standards. In a June 14 comment letter, the ARA – parent organization of the ASPPA/NTSA – expressed support for the proposed... READ MORE
An annual bellwether report on corporate retirement plans finds that the retirement readiness for participants in those plans is brighter due to plan design enhancements and adoption of prudent investing practices.  In fact, the usage of automatic enrollment has tripled since year-end 2007 and has... READ MORE
A law requiring school districts in Pennsylvania to have multiple financial institutions or pension management organizations for each 403(b) plan they sponsor, as well as investment option providers, will go into effect July 1. Act No. 5, enacted June 12, 2017, provides new state employees hired... READ MORE
As summer draws to a close and a new school year starts, the authority of the Texas Teachers Retirement System (TRS) over 403(b) will end. HB 2820, which Gov. Greg Abbott (R) has signed into law, will change regulatory authority over the 403(b)s offered to public school teachers in Texas,... READ MORE
The fire and ice of dragons in winter are  the stuff of mythology. But even the seemingly commonplace can incorporate a dash of mythology as well; in MarketBeat, John Iekel discusses what a speaker at the recent Plan Sponsor Council of America (PSCA) annual conference outlined concerning myths... READ MORE
Tech Talk suggests why the administrator of a plan that allows a one-time election to postpone a distribution would not approve it.   READ MORE
Oregon employers that do not comply with the rules of OregonSaves — the Beaver State’s state-sponsored retirement program — will face penalties starting next year. Gov. Kate Brown (D) has signed into law SB 164, a measure which provides that an employer found not to be in compliance will face... READ MORE
Not all broker-dealers and investment advisers are adequately addressing the various security risks in relation to their network storage solutions, which could result in unauthorized access to information stored on the device, according to a new SEC Risk Alert.   During recent examinations, staff... READ MORE
  Following House passage of the bipartisan SECURE Act last month, it looked like the legislation was headed for quick enactment. Since then, however, the realities of the Senate’s legislative process appear to have taken over.    A quick recap from where we last left off: On May 23, the House... READ MORE
The Department of Labor (DOL) is preparing to act on a variety of issues relevant to retirement plans and participants, according to a department official who offered an outline at a June 5 session of the SPARK national conference held in Falls Church, VA. Jeanne Klinefelter Wilson, Deputy... READ MORE
The Securities and Exchange Commission (SEC) on June 3 announced an enforcement and education initiative intended to help protect teachers and their assets, including retirement funds. The initiative augments the agency’s previous efforts in that vein with additional enforcement and investor... READ MORE
There’s that old caution about being a day late, and a dollar short – well, the plaintiffs in an excessive fee suit were two days late – and missed a key date. The plaintiffs here were participants in the Georgetown University 403(b) plan – who had been soundly rebuffed in January by U.S. District... READ MORE
It’s not exactly news that Americans are nervous about their retirement prospects – but a new study finds that a couple of key demographic groups are especially anxious. The 2018 Protected Lifetime Income Index study, “The Clock is Ticking: Generation X and the challenge of retirement readiness,” ... READ MORE
Plan fiduciaries and retirement plan committees would do well to consider the trends in the ways that retirement plan funds are invested and the behaviors and attitudes of plan participants. That’s the recommendation of a recent analysis that John Iekel discusses in MarketBeat. READ MORE
Can a frozen plan of an employer that is no longer an “eligible employer” still allow new loans from the plan? In Tech Talk, Susan Diehl tells us. READ MORE
Editor’s Note: This is an occasional feature in the NTSA Advisor. It is drawn from The Source, a book that covers technical, compliance, administrative and marketing aspects of the 403(b) and 457(b) markets. More information about The Source is available here. This is the second installment of a... READ MORE
Attendees at the recent Plan Sponsor Council of America’s (PSCA) National Conference in Tampa got a sneak peek at the findings of the PSCA’s Inaugural Health Savings Account Survey. The general session panel – Kenneth Forsythe, Head of Product Strategy at Empower; and Glen Kvadus, VP at Optum... READ MORE
The Internal Revenue Service has announced updated deduction limits for high deductible health plans. For calendar year 2020, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,550, up $50 from the 2019... READ MORE
Many factors are in play when you’re designing retirement income strategies. In MarketBeat, John Iekel discusses a recent analysis from T. Rowe Price that argues that investors’ preferences and tolerance for risk should be most prominent. READ MORE

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