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State pension plans face continuing and growing challenges in fulfilling the promises they have made to their employees — to the tune of a collective $915 billion. The Pew Charitable Trust has issued a new report that serves as a wake-up call to state governments, but it does contain a kernel of...
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The Office of State and Local Finance, Treasury Department’s newest, is charged with coordinating oversight of state and local financial bond markets, but that’s not all — it also will monitor public pension fund liabilities, Pensions & Investments reports. According to P&I, a Treasury...
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Available through May 15, 2015 This webcast is complimentary for NTSA members. The recorded webcast will be made available 72 hours after the live presentation. Speakers: Richard Ford, Chief Marketing Officer, PlanMember Services Jon Hall, Web Marketing & Development...
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According to research by ING, plan participants who use TDFs are more confident about meeting their retirement goals. They also defer more and are less stressed. In an online survey of more than 1,000 plans conducted last September by ING (which will be known as Voya starting in May), 54 percent of...
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Welcome to the first issue of 403(b) Advisor — the new weekly e-newsletter of the National Tax-deferred Savings Association! As an NTSA member, you’ll receive the 403(b) Advisor each Tuesday. If this sounds familiar, it should. As the next step in creating an all-new information outreach program...
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Welcome to the first issue of 403(b) Advisor — the new weekly e-newsletter of the National Tax-deferred Savings Association! As an NTSA member, you’ll receive the 403(b) Advisor each Tuesday. If this sounds familiar, it should. As the next step in creating an all-new information outreach program...
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Have you ever encountered a Code Section 501(c)(18) pension trust? Did you wonder what it is? And what about the assets in such a trust — can they be rolled over? Turns out these are pre-403(b) plans in which an employee could set aside money for retirement before it is taxed. In Tech Talk, Ellie...
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It’s now easier for plan sponsors and employers to participate in the 403(b) pre-approved plan program. April 14 was the effective date of IRS Revenue Procedure (Rev. Proc.) 2014-28. The new guidance modifies guidance the IRS issued last year, Rev. Proc. 2013-22, to make it easier for a person to...
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New guidance from the IRS may make the plan-to-plan rollover process a little smoother. Revenue Ruling 2014-9, issued on April 3, is intended to make it easier for plan participants to consolidate their retirement savings accounts by making it easier for them to move assets from one employer plan...
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The IRS, in Notice 2014-19 and related FAQs, says clearly that retirement plans — including 403(b) plans — have to recognize same-gender spouses and spells out how. The notice and FAQs, which the IRS issued April 4, are a follow-up on Revenue Ruling (Rev. Rul.) 2013-17, which provided general...
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It will be easier for plan sponsors and employers to participate in the 403(b) pre-approved plan program beginning April 14. That’s the effective date IRS Revenue Procedure (Rev. Proc.) 2014-28. The new guidance modifies guidance the IRS issued last year, Rev. Proc. 2013-22, to make it easier for a...
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The news about public-sector pension plans has not been good, and a reputable crystal ball does not see improvement in sight. The “Pension Pulse” blog reports that Berkshire Hathaway Chief Executive Warren Buffett has warned in a letter to Berkshire shareholders that promises local and state...
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For qualified plans, the plan termination regimen is well-established via an IRS determination letter process. But that cannot be said about terminations of 403(b) plans. Only recently have the final 403(b) regulations and IRS guidance clearly established that a 403(b) plan could be terminated at...
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Some rays of sun appear to be dispelling the gloom that has long engulfed employees’ confidence in their ability to fund a comfortable retirement. The Employee Benefit Research Institute in its 2014 Retirement Confidence Survey (RCS) reports that more than half of employees are at least somewhat...
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Sponsors of 403(b) plans are more apt to offer a broad range of services and options, according to a study of defined contribution (DC) plans The 2013 Plansponsor Defined Contribution Survey found that 403(b) plan sponsors in many ways are more generous than their other DC plan counterparts. The...
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In remarks at a recent conference on income inequality, Sen. Ron Wyden (D-Ore.), the incoming Chairman of the Senate Finance Committee, may have tipped his hand on how he will treat employer-provided retirement plans, advocating the simplification and consolidation of “the array” of current...
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NTSA Plan Optimization Test
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Register HERE to view the recorded webcast! Available through March 12, 2015 A discussion of how important it is for advisors and plan sponsors to manage the loan and distribution processes, or face the legal or practical consequences. Attendee Takeaways: Gain a comprehensive...
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New research by EBRI indicates that the level of participation in employer-sponsored retirement plans decreased in 2012 for almost all size plans. Even participation in public sector plan decreased in 2012. Participation rates in both public sector and private plans with more than 500 employees are...
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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...