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The effects of the SECURE 2.0 Act cover the gamut from profound and far-reaching to the more mundane yet still important—and that includes reporting about certain retirement plans and saving arrangements.
In FS-2024-18, a fact sheet issued May 2, the IRS reminds businesses that beginning with tax...
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As expected, and with the ink barely dry on the new Retirement Security regulation, the first lawsuit challenging that rule has been filed.
It seeks to vacate the 2024 Fiduciary Rule and amendment to PTE-84-24 under the Administrative Procedures Act (APA) on the grounds that they are “contrary to...
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Registration is now open for the NAPA/NTSA ERISA 403(b) Advisor Conference!
If you’re a professional within the ERISA 403(b) marketplace, you won’t want to miss the 2024 NAPA/NTSA ERISA 403(b) Advisor Conference, Sept. 19-20 in Chicago, IL.
It’s the only industry event designed for professionals...
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A new study finds that Americans’ “magic number” for retirement has surged to an all-time high, jumping 15% in just a year and a whopping 53% since the onset of the pandemic, writes Ted Godbout in MarketBeat; he adds that they now believe they will need to save $1.46 million to retire comfortably.
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Tech Talk looks at what the Government Accountability Office (GAO) in its June 2023 report to the Chairman of the House Committee on Education and Labor said about the fees charged to 403(b) plan sponsors or participants.
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April sure did fly by. With so much going on, the days seemed to disappear quickly. Many of our state legislatures are starting to wrap up for the year, but of course there are still plenty that are pushing along. During the month, we spent time at Capitol Hill in D.C. as well as the state capitols...
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CalSavers, one of the first state-run programs that provides retirement plan coverage for private-sector employees whose employers do not, continues to grow—especially in assets.
As one of the longest-lived such programs, CalSavers provides a useful snapshot regarding how such plans function and...
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One week after the release of the final retirement security rule, senior officials with the Department of Labor’s Employee Benefits Security Administration (EBSA) defended the rollout of the fiduciary rule while taking a deeper dive to explain some of the key changes.
The DOL on April 23...
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It’s said that if at first you don’t succeed, try, try again—but if you’re suing in federal court, you had better make your case.
The suit in question this time—which was last decided in favor of the fiduciary defendants almost exactly a year ago—had alleged that the Georgetown University 403(b)...
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Legislation that seeks to bolster the retirement income of teachers in Rhode Island—including through participation in the federal Social Security system—is going to receive further study.
The Finance Committee of the Rhode Island House of Representatives at an April 25 hearing decided to further...
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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...