News Archive

Your client failed to take a required minimum distribution; this is a costly error, and your client is in a state of panic. In MarketBeat, Ellie Lowder tells us what the client should do. READ MORE

New Jersey’s public employee pension system has long been embroiled in financial difficulties. Challenges to steps the administration of Gov. Chris Christie (R) has taken to address them found their way into the dockets, and now are being bumped upstairs to the state — and federal — Supreme Courts... READ MORE

The Obama administration’s final budget wasn’t a complete retread of its prior retirement plan proposals, but there wasn’t much good news for employer-sponsored retirement plans.Small business owners and small business retirement plans were once again targeted by a proposal that would limit the... READ MORE

The NTSA Communication Committee believes that understanding reporting requirements under the Affordable Care Act will be helpful in understanding other reporting obligations. In MarketBeat, Kimberly Flett provides the first discussion of reporting under the ACA. READ MORE

Many state and local pension plans have poor funding ratios in varying degrees of severity. That alone would seem challenge enough, but they also face additional stresses courtesy of a variety of economic factors, according to a recent report. Slowing economic growth worldwide, lower prices for... READ MORE

Generation X — long overlooked as a generational “middle child” between Boomers and Millennials — is waking up to the realities of retirement savings, according to a new report.With the eldest members of Gen X turning 50, it’s little wonder that retirement finances are grabbing a larger share of... READ MORE

The NTSA Best Practices Manual has been in use for more than five years to help establish consistency in handling compliance procedures and to help the industry and plan sponsors meet regulatory requirements. In MarketBeat, Ellie Lowder gives us a look at the discussions at the recent NTSA Masters... READ MORE

The IRS on Jan. 29 issued guidance on mid-year changes to a safe harbor plan under Internal Revenue Code Sections 401(k) and 401(m). It provides that a mid-year change either to a safe harbor plan or to a plan's safe harbor notice does not violate the safe harbor rules just because it is a mid-year... READ MORE

America’s biggest city is not immune from pension woes. A study conducted in 2015 concludes that the retirement system serving New York City, which had assets of $162.9 billion as of June 30, 2015, needs a variety of additional resources. The New York Times reports that the New York City Office of... READ MORE