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Many plan sponsors seek the assistance of TPAs with the functions and responsibilities associated with running a retirement plan, but that does not absolve a plan sponsor from all responsibility. A recent blog entry argues that internal controls are key to fulfilling the duties plan sponsors can’t...
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The postponed tax return due date of July 15, 2020 is fast approaching, and the IRS has issued a reminder that contributions to traditional IRAs made by that date are deductible on a 2019 tax return.
This means that taxpayers can file their 2019 tax return now and claim the deduction before the...
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In Segment I of the 14th Series of the NTSA WOWcasts, NTSA Past President Randy Aranowitz interviews Adam Pearce, CFP®, CRES CERTIFIED FINANCIAL PLANNER™, who is a 2016 Elite Advisor and NTSA Past President. Pearce is part of Lincoln Investment’s Phoenix AZ office and provides an overview of his...
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Employees that may be excluded from participating are:
employees who normally work less than 20 hours a week;
non-resident aliens with no U.S. income;
student workers (including student teachers);
employees who contribute to another voluntary salary reduction plan (i.e. through collective...
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As an ERISA fiduciary, you’re expected to be an expert — or to hire help that is.
ERISA’s “Prudent Man” rule is a standard of care, and when fiduciaries act for the exclusive purpose of providing benefits, they must act at the level of a hypothetical knowledgeable person and must reach informed...
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A review of recent research suggests that many plan sponsors and providers are currently underestimating the power of digital design in helping participants make better retirement savings choices.
Appearing in the Harvard Business Review, “How Digital Design Drives User Behavior” by Shlomo...
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Near the end of a term of every presidential administration, there’s always a push to finalize key regulatory proposals before a potential new president or Congress can overturn them. And this year appears to be no different.
Released by the White House’s Office of Information and Regulatory...
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Much has been said and written about retirement readiness, and auto features—enrollment and escalation—are widely considered a way to improve it. A recent study has added to the statistics that bolster that view.
Auto features can improve retirement readiness by more than 15 percentage points,...
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Legislation has been reintroduced to create a national, online “lost and found” database to help plan participants keep track of their retirement accounts as they move from job to job.
The Retirement Savings Lost and Found Act sponsored by Sens. Elizabeth Warren (D-MA) and Steve Daines (R-MT)...
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A surprising number of employers have opted NOT to offer the COVID-related distribution (CRD) relief under the CARES Act. But the employer’s decision is not the final word on this matter, because the statute grants participants specific tax benefits regardless of the sponsor’s choice. So what does...
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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...