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VALIC, the retirement plan provider that implemented the first 403(b) plan for a public school, has announced that it will now be known as AIG Retirement Services. VALIC first made a 403(b) plan available to a public school in 1964. It provides retirement plans for healthcare, K-12, higher... READ MORE
Over the past few years, the financial advisory profession has seen an emergence of a new class of clientele. This client is hard to describe, in that the client is neither fully working, nor fully retired. This client might be using some, but not all, of their retirement earnings. They are pre-... READ MORE
A retirement plan offered under Internal Revenue Code Section 457(b) permits certain employers or employees to contribute money for retirement on a tax-deferred basis, subject to annual limits the IRS sets. In MarketBeat, John Iekel discusses a recent newsletter by a human resources and employee... READ MORE
A plan says that a participant’s initial election shall be in installments, but upon severance a participant wishes to transfer their amount to another non-governmental 457(b). In Tech Talk, Susan Diehl tells us whether such a lump sum transfer request overrides the installment election or whether... READ MORE
You know your clients – but how well do you know yourself?   As leaders and as women, we all strive to improve, and, like many of you, I have spent considerable time on self-awareness during my career in financial services. Along the way, I’ve been challenged to understand and define my leadership... READ MORE
Regardless of political affiliation, large majorities of Americans believe the nation faces a retirement crisis and are largely supportive of state efforts to expand coverage, recent survey results show.  Findings contained in the National Institute on Retirement Security’s “Retirement Insecurity... READ MORE
The Pacific Rim, a place where it’s a bit less unusual than others for new land to explode into existence, is adding to the state-sponsored retirement plans earthquake. Add Hawaii and Washington to the states whose legislatures have or are considering legislation that would create state-sponsored... READ MORE
The Federal Trade Commission (FTC) is considering amendments to cybersecurity rules that could have an impact on retirement plan professionals. The FTC voted 3-2 to propose amendments to the Standards for Safeguarding Customer Information, which became effective on 2003 and requires that financial... READ MORE
A plan audit need not be unpleasant, and there are steps that can be taken to prepare for one and make it a smoother experience. In MarketBeat, John Iekel discusses a recent blog entry that offers suggestions regarding what can be done to prepare for a plan audit and avoid making errors. READ MORE
In Tech Talk, Susan Diehl tells us whether it is still the case that participants in non-governmental 457(b) top hat plans are allowed one election to change their benefit commencement date. READ MORE
It’s no surprise to those in the investment industry that the increasing life expectancy of Americans has put some pressure on defined benefit plans because they are being required to pay out more in benefits than was originally anticipated by the actuaries. In an attempt to protect their plans and... READ MORE
Editor’s Note: This is an occasional feature in the NTSA Advisor. It is drawn from The Source, a book that covers technical, compliance, administrative and marketing aspects of the 403(b) and 457(b) markets. More information about The Source is available here. An integral element of the 403(b) and... READ MORE
Save the date! The 2020 NTSA Summit will be held Jan. 26-28, 2020 in Denver, CO. And you can help set the agenda! After you save the date for the 2020 NTSA Summit, be sure to rank and contribute topics that could help shape the conference. We launched an innovative online polling tool to compile... READ MORE
A top fear in retirement is out-of-control healthcare costs, but a new survey finds few business owners fully understand the benefits and operations of health savings accounts (HSAs). More than half of business owners (55%) consider healthcare costs to be the biggest expense for those in... READ MORE
The NTSA notes with sadness and great respect the passing of Richard Ford. He was Chief Marketing Officer for PlanMember Financial Corp., an NTSA Strategic Partner. RICHARD FORD – who was not encouraged by him?… his support, his joie de vive, his commitments, his engaging smile, his love for... READ MORE
If you send the IRS a Voluntary Compliance Program (VCP) submission on paper on April 1, it will be returned to you. But it won’t be an April Fools Day joke. Beginning April 1, 2019, the IRS will only accept VCP submissions that are made electronically through Pay.gov. It will return VCP... READ MORE
Despite the 2018 market downturn, the projected retirement deficit for U.S. households has improved somewhat, though some remain at greater risk than others, according to new data from the Employee Benefit Research Institute. “Retirement Savings Shortfalls: Evidence from EBRI’s 2019 Retirement... READ MORE
“After vigorous advocacy and negotiation,” the parties in a 403(b) university excessive fee suit have come to terms. The settlement – stuck between participant-plaintiffs Diane G. Short, Judith Daviau and Joseph Barboza and Brown University – consists of a $3.5 million cash payment and “other,... READ MORE
Nevada may be gambling with access to brokerage services for residents, based on the reactions of a number of brokerages to the Silver State’s proposed fiduciary regulation. According to published reports, Morgan Stanley says it would halt its brokerage services in Nevada entirely if the state... READ MORE
The IRS has issued tables concerning covered compensation under Internal Revenue Code Section 401(l)(5)(E) and Treas. Reg. §1.401(l)-1. The data is contained in Revenue Ruling 2019-6. These tables provide information on covered compensation based on calendar year of birth and Social Security... READ MORE

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