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The parties in one of the first university 403(b) plan excessive fee suits[1] filed in 2016 have come to terms.
This time the settlement (Henderson v. Emory Univ., N.D. Ga., No. 1:16-cv-02920, motion for preliminary settlement approval 5/29/20) involves the Emory University Retirement Plan and...
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While there's still no Form 5500 filing relief, Notice 2020-35, issued May 28, provides additional administrative relief regarding deadlines applicable to employment taxes, employee benefits and exempt organizations affected by the pandemic.
Under Code Section 7508A, the IRS is postponing...
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The House of Representatives has approved stand-alone legislation that seeks to alleviate complications small business owners encountered under the Paycheck Protection Program (PPP).
Introduced by Reps. Dean Phillips (D-MN) and Chip Roy (R-TX), the Paycheck Protection Program Flexibility Act...
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Know an NTSA Volunteer who scores with special community service during the COVID pandemic?
Nominate them for the prestigious NTSA Ford Volunteer Service Award.
It's easy for you! And it means a lot for our outstanding, dedicated members.
Just provide:
their contact info, and...
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The NTSA Richard Ford Volunteer Service Award is established in honor of the unique, lifelong volunteer efforts of Richard Ford, a lively and dedicated NTSA volunteer since the start of the NTSA; it honors and promotes NTSA members’ volunteer and service work. In Part II of a special, three-part...
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The California Secure Choice Retirement Savings Investment Board has issued a request for proposals (RFP) for program consulting services for CalSavers, the state-sponsored program for employees whose employers do not offer a retirement plan.
The Board intends Request for Proposals No....
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Technically, it is the plan sponsor (or employer) who has the responsibility for the actual day-to-day administrative functions of the 403(b) plan, or for choosing the plan administrator, called a TPA (third party administrator).
Even with a TPA, the employer will always be the one that can be...
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The Department of Labor’s 2012 final rule to improve transparency of fees and expenses provides plan administrators protection from liability for the completeness and accuracy of information provided to participants as long as the plan administrator reasonably and in good faith relies upon...
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A university that had won a dismissal of claims in an excessive fee suit will now have to confront some of those charges.
Noting that, “at this point, the complaint only needed to give the district court enough to infer from what is alleged that the process was flawed,” the Eighth Circuit Court...
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New legislation would significantly expand the existing credit to cover the wages and benefits of employees of businesses affected by COVID-19 until the pandemic subsides, but the bill does come with some strings attached.
Introduced May 21 by Sen. Mark Warner (D-VA) along with eight original...
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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...