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“Fiduciaries that manage employer-sponsored benefits plans will likely get sued no matter what they do.” Thus begins a request from a number of retirement industry groups – including the American Retirement Association – that the U.S. Supreme Court weigh in on a controversial fiduciary case. Said... READ MORE
The NTSA Certified Retirement Education Specialist (CRES) initiative has been launched, and a complimentary, members-only webcast on Feb. 7 featured a panel discussion about the new program. Panelists included Tamara Indianer of Lincoln Investment; Adam Pearce, also of Lincoln Investment; Bill... 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
Student loan debt relief continues to receive significant attention on Capitol Hill, as bipartisan legislation introduced Feb. 13 in the Senate would allow employers to provide tax-free student loan assistance for their employees.    Senate Republican Whip John Thune (R-SD), along with Sen. Mark... READ MORE
Under the Bipartisan Budget Act of 2018, the hardship relief that was granted to 401(k) plans is does not apply to the “hardship” distribution of 403(b) QNECs and QMACs. In MarketBeat, Robert Toth says that this has a very real practical and operational effect. READ MORE
Consumers tend to worry about “high-touch” products, such as credit cards and bank accounts, more than they worry about long-term savings accounts, such as their workplace retirement plans and IRAs, a new study warns. Nearly 80% of American consumers are concerned about financial fraud, according... READ MORE
For the second time in about as many weeks, an excessive fee suit against the fiduciaries of a university 403(b) plan has been dropped. The original suit had been filed by two participants on behalf of some 4,000 participants in the 403(b) plan of Long Island University. The plaintiffs claimed... READ MORE
How would you respond in the below scenario? Imagine that the United States is preparing for the outbreak of an unusual disease, which is expected to kill 600 people. Two alternative programs to combat the disease have been proposed. Assume that the exact scientific estimates of the consequences... READ MORE
In MarketBeat, Susan Diehl writes that in a Jan. 10, 2019 ruling, a bankruptcy court held that inherited IRAs are protected under Idaho state law, and offers a look at why this is an interesting case. READ MORE
A church would like to start contributing to a retirement account for a pastor since they currently don’t pay the pastor. In Tech Talk, Susan Diehl tells us whether that would be considered to be a special contribution. READ MORE
The proposed settlement in a university 403(b) excessive fee case has received preliminary approval from a federal judge. Last month Judge Catherine C. Eagles of the U.S. District Court for the Middle District of North Carolina noted that, “while class counsel have adequately addressed many of the... READ MORE
The IRS has issued a new version of Publication 560, “Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans)" for use in 2018 reporting. In addition to information about filing, Publication 560 contains information on the following: what type of plan to set up; how to set up a... READ MORE
On the wall at my gym there is a disclaimer sign, warning members to “cease activity and consult a physician if you experience any pain, discomfort, shortness of breath, light headedness or nausea.” In addition to those symptoms, I also get hot and sweaty. I can only assume I am allergic to working... READ MORE
Health Savings Accounts, or HSAs, have become a significant and growing part of American workers’ benefit programs, and, increasingly a significant component of their retirement savings strategy.  To better understand how these programs are designed and administered, the Plan Sponsor Council of... READ MORE
Another state has moved to impose its own fiduciary standard with no ERISA exemption. The Maryland legislature aims to implement a state level fiduciary standard through a comprehensive consumer protection bill introduced this week by State Sen. Jim Rosapepe (D-Prince George’s). The bill grants... READ MORE
The Senate Special Committee on Aging in a Feb. 6 hearing, “Financial Security in Retirement: Innovations and Best Practices to Promote Savings,” listened to ideas from a panel of experts on how to increase retirement savings and enhance Americans’ financial readiness to retire. “As Americans live... READ MORE
Bills before the Oregon Senate would create a statutory responsibility for employers to indicate that they are exempt from participating in OregonSaves, and a penalty for not participating if they are eligible to do so. SB 165 would direct employers to indicate on annual state tax withholding... READ MORE
A Jan. 28 session at the NTSA 30th Anniversary Summit offered tips from Toews Corporation Director of Sales and Marketing Eben Burr on how to adjust one’s ways of communicating in order to boost one’s practice, effectiveness and service. READ MORE
Tamara Indianer is my sister, a second-generation NTSA leader and 2018 NTSA President, and I am so proud of her. What she and the NTSA organization accomplished in the last year is outstanding: The creation of the certification program, Certified Retirement Education Specialist, will allow... READ MORE
Suppose that a top hat group member participant submits a distribution election that defers payment from the plan until normal retirement age, but is asked to stay on for another year and agrees to do so. In Tech Talk, Susan Diehl tells us the ramifications of such a situation. READ MORE