Advertisement
News Archive
In MarketBeat, Shelby George, Kelley Long and Karin Rettger argue that health savings accounts have value beyond just paying for current healthcare expenses tax-free and that another way to view HSAs is as a retirement plan benefit.
READ MORE
Tech Talk addresses what an excess contribution is.
READ MORE
The NTSA offers an exclusive series of podcasts — the NTSA Elite Advisor WOWcasts — recorded by NTSA Elite Advisors, sharing insights on ways to build, expand and enhance your practice.
NTSA Elite Advisors are the “best of the best” — excelling in advocacy, practice management and leadership....
READ MORE
The House of Representatives on July 1 approved Senate-passed legislation to extend the deadline for small businesses affected by COVID-19 to apply for loans under the Paycheck Protection Program.
Both the House and Senate approved the legislation by unanimous consent. The legislation is now...
READ MORE
The COVID-19 market volatility and complex new rules have created a need for increased advice from retirement plan providers, but a new study suggests that few are successfully addressing this growing need.
What’s more, with record job losses since the onset of COVID-19, much of the money...
READ MORE
The IRS has updated the 2018 instructions for Form 8606—Nondeductible IRAs.
The IRS updated the Form 8606 to reflect tax relief for qualified 2018 disaster distributions.
The IRS notes that recent legislation provides special rules that may apply to a 2018 return if one received a distribution...
READ MORE
The Department of Labor cautions that “fiduciaries who no longer want to serve in that role cannot simply walk away from their responsibilities, even if the plan has other fiduciaries. They need to follow plan procedures and make sure that another fiduciary is carrying out the responsibilities left...
READ MORE
Provide mandatory notices at enrollment for universal availability.
All 403(b) public education employers must follow the rules outlined in Internal Revenue Code Section 403(b)(12)(A)(ii) which are applicable to voluntary employee contributions to the 403(b) plan.
Essentially, if any...
READ MORE
The Labor Department has finally unveiled its much anticipated fiduciary rule, though it’s a mixed bag and has a certain “back to the future” feel, along with some new implications for recordkeepers, Pooled Employer Plans and rollover advice.
Titled “Improving Investment Advice for Workers...
READ MORE
In MarketBeat, Robert Toth warns that the CARES Act may have a negative effect on Length of Service Awards programs, retirement-type arrangements under Internal Revenue Code Section 457(e)(11).
READ MORE
Tech Talk addresses how contributions can be made to a 403(b) account.
READ MORE
As plans contemplate changes to safe harbor plans in the midst of the COVID-19 pandemic, the IRS has provided some guidance and relief for certain plans.
The IRS on June 29 issued guidance that clarifies the requirements that apply to a mid-year amendment to a safe harbor 401(k) or 401(m) plan...
READ MORE
The CalSavers Retirement Savings Program is being challenged in court—and now the Labor Department has weighed in.
It’s not the first time the Administration has weighed in on the legality of the program, specifically its preemption under ERISA,[1] or that it has expressed issues with the...
READ MORE
Data from the Investment Company Institute (ICI) reveals that retirement assets across the board took a hit in the first quarter, but it could have been worse.
DC plan assets were down 12.3% from the beginning of the year, dropping to $7.9 trillion for all employer-based DC retirement plans...
READ MORE
As if 2020 hasn’t been enough fun… now it’s the official hurricane season (the National Oceanic and Atmospheric Administration says it starts June 1). And we’ve already had four tropical storms in the Atlantic: Arthur, Bertha, Cristobal and Dolly—which serves as a reminder that it can be helpful...
READ MORE
During a period of unprecedented economic turmoil and uncertainty, a new survey by the Plan Sponsor Council of America offers insights on the response of plan sponsors and participants to the new options.
The snapshot survey of some 137 plan sponsors offered an updated look at the adoption rates...
READ MORE
In Part III of the 13th Series of the NTSA WOWcasts, NTSA Past President Randy Aranowitz interviews 2015 Elite Advisor Kathy Cawley, President of the Voyager Group, Ltd. They discuss Cawley’s efforts to help clients generate income and her involvement in a Directors’ Circle, as well as what the...
READ MORE
Following are some tips concerning enrollment of participants.
If applicable, provide employee census information before each entry date to determine eligibility.
Evaluate eligibility to determine who enters the plan on each entry date.
The enrollment package should include information...
READ MORE
As if filing the 5500 wasn’t enough fun for plan sponsors, there is another information return that is also required to be filed for each plan: The Form 8955-SSA.
Formerly known as Schedule SSA of Form 5500, the Form 8955-SSA is used to report participants who have terminated employment and...
READ MORE
Noting its concern “that the growing emphasis on ESG investing may be prompting ERISA plan fiduciaries to make investment decisions for purposes distinct from providing benefits to participants and beneficiaries and defraying reasonable expenses of administering the plan,” the Labor Department has...
READ MORE
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...