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Appropriations Committees on Capitol Hill — in the Senate and the House — have taken a shot at blocking the Labor Department’s fiduciary proposal by denying funding for the measure.Senate BillThe Senate Appropriations Committee on June 25 in a 16-14 vote approved a $153.2 billion measure that funds...
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Don’t underestimate the importance of a face-to-face relationship with a client.In a June NTSA 18 podcast, Jill Snyder, a registered representative with National Information Services and a 2014 NTSA Elite Advisor, emphasized how critical that is to advisors and the clients with whom they work.“The...
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A House appropriations bill was unveiled last week that included a provision designed to stop the Department of Labor’s (DOL) fiduciary proposal by defunding its implementation, but what are its chances?The fiduciary provision simply states, “None of the funds made available by this Act may be used...
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The funded status of many public pension plans has improved, according to a recent report. But mitigating that good news is another study that suggests that lengthening lifespans will be a longer-term challenge for those plans. The Center for State and Local Government conducted the research and...
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Available through July 29, 2016 Speaker: Ellie Lowder, TGPC, Consultant; Robert J. Toth, Jr., Law Office of Robert J. Toth, Jr. LLC NOTE: WEBCAST IS COMPLIMENTARY FOR NTSA MEMBERS Click here to view the ...
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You can add Oregon to the list of states that are poised to create a state-run retirement savings program — but there are a lot of details yet to be worked out. On June 16 the state Senate passed House Bill 2960 on a party-line vote (one Democrat voted with the Republicans in opposing the measure...
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The Code Section 403(b) regulations allow employers to terminate their 403(b) plans. In MarketBeat, Linda Segal Blinn argues that the devil may be in the details, and offers questions and answers to help employers that intend to terminate their 403(b) plans.
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If a participant is requesting a loan from their retirement plan for the maximum amount available, should vendor fees be taken into account from a TPA perspective? In Tech Talk, Ellie Lowder tells us.
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The June 17 Health, Employment, Labor and Pensions Subcommittee hearing provided ample illustration that the debate on the Department of Labor’s (DOL) fiduciary proposal is far from over. DOL Secretary Thomas E. Perez appeared before the subcommittee of the House Education and the Workforce...
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The Department of Labor’s Employee Benefit Security Administration has announced that it will hold public hearings on the fiduciary proposal on Aug. 10, 11 and 12 — and 13, if necessary. It also has extended the period for submitting comments on the proposed rule and exceptions to July 21.The...
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Like many other states, the Bay State faces budget challenges. But among the ways it has sought to ameliorate that, as well as cut the cost of paying pension benefits, is a novel approach — encouraging early retirement of certain state employees.Specifically, the program was open to employees age...
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A new report by the Congressional Budget Office (CBO) confirms that in the years to come the U.S Treasury will receive “significant” tax revenues from retirement plan withdrawals.In fact, the CBO’s extended baseline projects that revenues as a share of GDP are projected to climb by about 0.3...
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The New Jersey Supreme Court may have ruled that Gov. Chris Christie (R) can cut $1.57 billion in contributions to the state’s public employee pension system, but that has not spelled an end to the public controversy over the system and how to address its problems. Debate erupted outside the state...
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To err is human. The IRS is not divine, but it does at least help 403(b) plan administrators and sponsors correct errors — and to that end has updated its 403(b) Plan Fix-It Guide. But the guide does more than provide a way to fix mistakes after the fact; it also includes information intended to...
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The U.S. Supreme Court's Tibble v. Edison International decision seems relatively mundane, and yet it has captured the attention of media outlets everywhere? In MarketBeat, Michael Webb examines this case and gets to the bottom of its implications for retirement plan sponsors and those who work...
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What is an employer’s responsibility under the 403(b) regulations it changes from a multi-vendor 403(b) platform to a single vendor? In Tech Talk, Ellie Lowder tells us about what an employer must do when such transfers take place.
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In its current form, the Labor Department’s fiduciary reproposal would “lock out” American small businesses from retirement plans, a new report says.The paper notes that small business owners, through SEP and SIMPLE-type IRA plans, provide roughly $472 billion in retirement savings for more than 9...
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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...