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Financial advisors, representatives and educators often find themselves sitting across the table from people who are confused, scared and uncertain what to do. The experience can feel like that of a lifeguard perched above a swimmer whose arms and legs thrash in an attempt to keep their head above... READ MORE
The NTSA is launching a national initiative to improve retirement literacy for public educators, aimed at advancing retirement security and 403(b) participation rates in America’s schools. The NTSA will be holding a complimentary on-demand recording for NTSA members only on the initiative on... READ MORE
Nevada’s Office of the Secretary of State, Securities Division, on Jan. 18 released draft regulations defining the state’s new fiduciary standard based on legislation enacted by the state’s legislature in 2017 – the first of several states to do so. There does not appear to be an ERISA exemption,... READ MORE
“After protracted litigation, extensive discovery and almost six months of arm’s length negotiations with the assistance of a national mediator,” the details of a university 403(b) excessive fee suit settlement have come to light. The settlement in the case of Clark v. Duke University was... READ MORE
Rep. Maxine Waters (D-CA), the new chair of the House Financial Services Committee, recently outlined a full-bodied agenda that seeks to protect consumers, safeguard investors and prevent another financial crisis. In terms of setting the committee’s agenda, Waters, who has served on the committee... READ MORE
Putnam Investments, LLC has officially asked the nation’s highest court to weigh in on an issue on which district courts have split 6-4: Who bears the burden of proof when alleging losses due to a fiduciary breach? Indeed, the issue seems ripe for consideration. As Putnam states in its petition to... READ MORE
Being able to afford a comfortable retirement is Americans’ biggest financial concern, according to a recent report from the LIMRA Secure Retirement Institute. LIMRA reports that 53% of the 50.5 million retirees in the United States retired earlier than they had planned to, and not all did so... READ MORE
Strong majorities of 403(b) plan sponsors are expanding the tools they are using to govern their plans, according to a recent report. And that applies not only to 403(b)s governed by ERISA, but also to those that are not. More than 70% of sponsors of ERISA-governed 403(b)s have an investment... READ MORE
Alternatives to existing teacher pensions have been the subject of debate and discussion and legislation – as well as jurisprudence – for years now. But a recent study found that the arrangements already in place are preferable. In a recent study, the University of California, Berkeley, and the... READ MORE
The new year has begun, and in an NTSA webcast Susan Diehl, President of PenServ Plan Services, offers a look at important developments that will affect your plans and those whom you – and they – serve. In a Jan. 9 webcast, Diehl focused on many important issues affecting 403(b) and 457 plans,... READ MORE
Tech Talk addresses whether there is a maximum age at which required minimum distributions must begin and beyond which can no longer be deferred. READ MORE
In MarketBeat, John Iekel looks at a recent blog entry that argues that new year’s resolutions about physical fitness are not the only kind that should be made; it suggests that they should also include being ready for a plan audit by the IRS or Department of Labor. READ MORE
Legislation is before the Virginia House of Delegates that would establish the My Virginia Plan Program, a state-based retirement plan. The bills were prefiled by Del. Luke Torian (D-Dumfries), who introduced them before the new session of the state’s General Assembly began on Jan. 9. H.B. 2431 H... READ MORE
IRS has issued a draft of the instructions for the Form 5500-EZ to be used in reporting concerning 2018. The IRS has done so in order to provide information to filers; the draft instructions are not to be used for actual filing. What’s New The IRS notes that there are two changes in the form... READ MORE
“If a cat were a dog, it could bark. If a retirement plan were not based on long-term investments in annuities, its assets would be more immediately accessed by plan participants. These two truisms can be summarized: cats don’t bark and annuities don’t pay out immediately.” With those words, the... READ MORE
In Notice 2018-95, the IRS provides relief to plan sponsors who improperly excluded part-time employees from participating in their 403(b) plan. In Part I of a two-part MarketBeat series,  Lynn Knight focuses on the universal availability rule for 403(b) plans. READ MORE
In Tech Talk, Susan Diehl tells whether there a sample election form for an executive who participates in a 457(b) plan and who would like to defer distribution until a later date. READ MORE
The Oregon State Treasury has announced that OregonSaves, the state-run auto-IRA program for private-sector workers in Oregon, continues to gain new participants and to grow in the balances set aside through the program. The Treasury says that by the end of 2018, OregonSaves membership and savings... READ MORE
The 30th Anniversary NTSA Summit is fast approaching! And the NTSA is pleased to announce that the summit, which will be held Jan. 27-29, 2019 in Tampa, will include a presentation by Dr. John Evans on the Art of WOW. Evans, who is Executive Director of Knowledge LabsTM Professional Development... READ MORE
The National Tax-Deferred Savings Association has announced the finalists for its prestigious NTSA 2019 Elite Advisor Award. The NTSA 2019 NTSA Elite Advisor Award will be presented during the Awards Luncheon at NTSA 30th Anniversary Summit at the Westin Tampa Waterside, Tampa, FL Jan. 27-29. 2019... READ MORE