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Is a longevity annuity an option at any age? What exactly makes an annuity a longevity annuity? And will longevity annuities be provided for inside the 401k platform, or are they an option outside the 401k? In Tech Talk, Mike Webb sheds light on details concerning longevity annuities and when they...
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When the IRS writes its essay about how it spent its summer vacation, it will report about how it rolled out a new compliance initiative project focusing on whether non-qualified deferred compensation arrangements are operating in accordance with Internal Revenue Code Section 409A. So says Linda...
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Defined benefit plans, DC plans and 403(b) annuity arrangements, take note: July 31 is right around the corner. That’s the day by which most plans must file the dreaded and onerous Form 5500. The clock is ticking on filing the form that reports on 2013. The form must be filed by the end of the...
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NTSA is always busy working on your behalf and that of those whom you serve. Following is a look at what’s been going on in selected states, as well as NTSA’s assessment and what action we are taking. Pennsylvania Both the House of Representatives and Senate are in recess until Sept. 15. Before...
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The Department of Labor’s Employee Benefits Security Administration has announced that its ERISA Advisory Council will be examining issues and considerations related to facilitating lifetime retirement plan participation. In explaining its rationale for doing so, it cites the recent movement of...
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An agent working with a public school superintendent to include retirement benefits in his individual contract reviews the wording the district plans to use. She sees that they have given the superintendent a choice of medical insurance OR an employer contribution to the 403(b) plan. In Tech Talk,...
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Forty-two states and the District of Columbia allow charter schools. They tend to treat their benefits packages in the same way as a typical for-profit employer and not in the way a traditional K-12 school does. In MarketBeat, Diane D. Capone of Lincoln Investment writes that it is important to...
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The Treasury Department issued a rule July 1 that essentially allows employees to convert part of their IRA or 401(k) balances into a longevity annuity. Under the rule, an IRA or 401(k) can allow participants to use $125,000 or up to 25 percent of their IRA or 401(k) — whichever is less — to buy a...
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Are you passionate about 403(b)s? We are, and if you were among the attendees at the 2014 403(b) Summit in Washington, D.C., you no doubt recall the video that outlined how and why. We’ve posted that video so attendees and those who couldn’t be there can see it. The video also discusses NTSA’...
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An agent with a product provider insists that an employee can take distribution from his 457(b) plan and roll it over into the same employer’s 403(b) plan; he is under 70 ½ and actively employed with that employer. The agent says there is new guidance making this permissible. In Tech Talk, Ellie...
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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...