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Total U.S. retirement plan assets were $24.7 trillion as of Dec. 31, 2014, with defined contribution assets registering the strongest percentage growth, according to a new report.While total retirement plan assets were up 1.7% from the $24.2 trillion mark at Sept. 30, 2014, according to the...
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Plan documents continue to demand advisors’ attention as we wait for the IRS to approve prototype and volume submitter plans sometime next year. In this week’s MarketBeat, Robert Toth discusses two particularly important plan document issues that advisors can help their 403(b) plan sponsors...
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State pension plans are likely to continue affecting state budgets and funding, says Standard & Poors. In a study published March 24 on RatingsDirect, S&P indicated that the strains state pension plans face and cause are not likely to end any time soon.Among the factors upon which S&P...
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The ubiquitous coverage devoted to the big boys — 401(k)s and pension plans, as well as little brother 403(b)s — has occupied so prominent a place in the discussion of retirement plans that 457s garner much less attention. And yet, according to a recent report by the National Association of...
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We may be getting a better understanding of when an employer-sponsored plan is considered to be a governmental plan if the employer is a charter school, based on Notice 2015-07. In this week’s MarketBeat, Linda Segal Blinn explains what this guidance means and the impact it could have.
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A church client wonders if it needs to establish a 403(b)(9) retirement income account so the church board can designate post-retirement housing allowances as tax-free distributions. In this week’s Tech Talk, Ellie Lowder tells us if it does.
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State revenues collectively exceeded expenditures in 2013 — the most recent year for which complete data is available — but that didn’t translate to widespread public pension health. In 30 states, public pensions still were underfunded despite the overall fiscal surplus.The U.S. Census Bureau in...
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The Nevada State Assembly is considering legislation that would establish a new retirement plan for new public sector employees and expand all public employees’ choices regarding how their retirement plan funds are invested. The bills, AB 190 and AB 360, both are wending their way through committee...
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Oregon has joined the states that are weighing the establishment of a state retirement plan to cover private-sector employees whose employers do not offer a retirement plan. Following a now-familiar formula, Senate Bill 615 and House Bill 2960 would establish the Oregon Retirement Savings Plan and...
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It’s not just public-sector retirement plan coverage that is generating attention in the Garden State — so is coverage in the private sector. The state Assembly and Senate, still in the midst of the debate over the state’s insolvent retirement plan, now are considering the New Jersey Secure Choice...
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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...