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Considering the Department of Labor’s proposed prohibited transaction class exemption for investment advice fiduciaries, Sen. Patty Murray (D-WA) indicated at the 2020 NAPA D.C. Fly-In Forum July 21 that it may be time for a legislative rewrite.
In response to a question about whether she...
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Following are some tips concerning distributions of benefits.
Prepare and maintain distribution notices and elections.
Provide distribution forms to participant, including the 402(f) notice for rollover information. The IRS provides language periodically for a 402(f) notice, also referred to...
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For the very most part, you can’t offload or outsource your ERISA fiduciary responsibility.
ERISA has a couple of very specific exceptions through which you can limit—but not eliminate—your fiduciary obligations. One has to do with the specific decisions made by a qualified investment manager—...
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The economic strains occasioned by the pandemic have had wide-ranging effects, and one of the actions put in place is to ease the rules concerning hardship withdrawals and loans. But availability has not made them a widespread response to economic challenges, recent studies have found.
Loan and...
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Addressing the 2020 NAPA D.C. Fly-In Forum July 21, a key Department of Labor (DOL) official confirmed that the DOL’s deadline relief provided in response to the Coronavirus pandemic also applies to initial paper notices under the DOL’s new electronic disclosure regulations.
Responding to a...
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June 30, 2020—the deadline for employers to adopt an Internal Revenue Service (IRS) pre-approved 403(b) plan document for the first time—has passed. That date also marked the deadline for 403(b) sponsors to retroactively correct defects in their 403(b) plan documents (whether pre-approved or...
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For 403(b) plan eligibility determinations, the IRS says that “Once in, Always in” is much better than “In and Out.” So—in MarketBeat, Maria Hurd asks whether your part-time employees are “In and Out.”
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Recent survey results found that the economic fallout from COVID-19 has altered the perception of when many workers plan to retire, but retirement confidence levels appear to be rebounding somewhat.
The Wells Fargo/Gallup Investor and Retirement Optimism Index, based on interviews of more than...
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NTSA is always providing information and insights that will be valuable to its members! Following is information about NTSA webcasts.
Upcoming Webcast
NTSA Webcast: Pandemic Pandemonium—Navigating the new COVID-19 Retirement Plan Rules
Thursday, July 30, 2020
2:00 – 2:50 p.m. ET
...
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Tech Talk addresses how one identifies excess contributions.
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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...