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Hiring a service provider in and of itself is a fiduciary function. When considering prospective service providers, provide each of them with complete and identical information about the plan and what services you are looking for so that you can make a meaningful comparison.
For a service contract...
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In Part III of the 7th Series of the NTSA WOWcasts, Past NTSA President Randy Aranowitz interviews Scott Hayes, President and CEO of ISC Group, who served as 2012 NTSA President and 2018 American Retirement Association President, and was a 2017 NTSA Elite Advisor. They discuss what the NTSA and the...
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The NTSA Advisor will not appear on Tuesday, Dec. 24, as the NTSA office will be closed. We’ll be back on Thursday, Dec. 26. We wish you happy holidays, and offer some little-known facts concerning the holiday season.
The Christmas tree was adopted in upper-class homes in Germany in the 18th...
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The extended Early Bird Registration rates for the 2020 NTSA Summit expire tomorrow, Friday, Dec. 20.
The NTSA Summit is where leaders and innovators come together to make a difference for their clients, the industry and themselves. It is the only national gathering of professionals in the 403(b...
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Another exemption from ERISA for certain 403(b) plans is found under DOL Reg. 2510.3-2, which defines the term “employee benefit pension plan.” Under that regulation, 403(b) arrangements in which contributions are made solely by salary reduction agreement with an employer whose involvement is...
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Fiduciaries have important responsibilities and are subject to standards of conduct because they act on behalf of participants in a retirement plan and their beneficiaries. These responsibilities include:
acting solely in the interest of plan participants and their beneficiaries and with the...
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Fulfilling responsibilities and increasing participation and deferral rates are the top priorities of 403(b) plan sponsors for 2020, the Plan Sponsor Council of America (PSCA) finds in a new survey.
Survey respondents’ top five priorities were:
Priority
Percentage Naming it Top...
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While the SECURE Act is garnering most of the attention, it’s not the only retirement-related legislation included in the spending bill now headed to the Senate.
Distributions for Qualified Disasters
In addition to the SECURE Act, Congress added special disaster-related rules for the use of...
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The House of Representatives on Dec. 17 approved the “minibus” government funding bill that contains the bipartisan Setting Every Community Up for Retirement Enhancement (SECURE) Act, moving the bill one step closer to enactment. The bill passed by a 297-120 margin.
Contained in the Further...
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In MarketBeat, Matthew H. Hawes and A. Benjamin Klaber argue that when selecting and monitoring a service provider, one key issue facing retirement plan fiduciaries is their duty with respect to the privacy and security of plan participant data.
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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...