News Archive

Think it’s impossible to still encounter issues with missing participants in an age in which digital footprints abound? It is. In “I’ll Be Missing You: Tips for Locating Missing Participants,” an article that appeared in the Winter 2016 issue of Plan Consultant magazine, Quarles & Brady LLP... READ MORE

The point has often been made that retirement plan tax “preferences” are a deferral of taxes, not a deduction — and now the Congressional Budget Office (CBO) has estimated that impact on the nation’s Gross Domestic Product (GDP).The CBO’s “The Budget and Economic Outlook: 2016 to 2026” acknowledges... READ MORE

The nine finalists for the 2016 NTSA Elite Advisor Award, including the six winners, were honored in a ceremony at the NTSA 403(b) Masters Summit on Jan. 22. The six winners of the 2016 award are:    Martin Arinaga of Financial Group, Inc., Mililani, Hawaii Jaclyn Bell of Dearborn &... READ MORE

The PATH Act made extraordinary and fundamental changes to church 403(b) plans. In MarketBeat, Robert Toth writes that merging 403(b)s and 401(a)s has been an ongoing issue in the tax-exempt marketplace, and discusses how the Internal Revenue Code now will allow such mergers and the transfer of... READ MORE

It’s going to take much of the East Coast a while to dig out from the blizzard of 2016, but they will. It will be much harder, however, for Illinois to dig out from its unfunded pension liability, which the office of Illinois Auditor General William G. Holland reports has worsened further.Another $... READ MORE

The Department of Labor (DOL) is pushing to get the revised version of its fiduciary rule to the Office of Management and Budget (OMB) by the end of January, according to published reports.The DOL needs to finalize the rule by April or mid-May at the latest to prevent Congress from exercising its... READ MORE

A recent study outlines what employers can do to help limit plan leakage by placing significant limitations on loans in their plan documents. In MarketBeat, Ellie Lowder suggests that 403(b), and perhaps governmental 457(b) plans as well, face the same problems and discusses what they can do. READ MORE

The Garden State will have a new state-run retirement plan for private sector workers — though not the one that might have been expected. The state Assembly voted after 1:00 a.m. Tuesday, Jan. 12 to cooperate with Gov. Chris Christie’s (R) conditional veto of a bill creating a state-run retirement... READ MORE

The Governmental Accounting Standards Board (GASB) has issued guidance and a proposal that would be applicable to state and local pension plans. The guidance clarifies how earlier guidance on accounting and financial reporting rules for pensions apply to state and local plans, and the proposal... READ MORE