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As the Illinois Supreme Court considers the constitutionality of the state’s pension plan reform law and Gov. Bruce Rauner (R) considers proposing a 401(k)-style pension plan for many government employees, local cities must address immediate challenges posed by their pension plans. Rauner’s...
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One aspect of 403(b) plans that is not easily understood is the correction deadline for the actual contribution percentage (ACP) non-discrimination test. In this week’s MarketBeat, Farhad Mirzada provides an overview of the penalty-free and statutory deadlines for corrections for failed tests.
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Available through May 12, 2016 Speaker: Ellie Lowder, TGPC, Consultant and John Clouden, Sgroi Financial LLC NOTE: WEBCAST IS COMPLIMENTARY FOR NTSA MEMBERS Check back soon for the webcast outline! It is vital that providers...
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Suppose a former employee of a school district wants to roll over her old 403(b) into her 403(b) at the school district where she now works, but the former employer says she cannot. In Tech Talk, Ellie Lowder tells us whether the former employer can do that.
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The Department of Labor’s long-awaited fiduciary reproposal claims to protect consumers from “conflicts of interest” in retirement advice — but at what cost?While initial concerns about preserving the ability for 401(k) participants to work with the advisor of their choice on rollovers appear to be...
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State legislatures continue to be active in considering ways to improve and enhance the retirement readiness of their citizens. The latest: North Carolina and Maine.North CarolinaLegislation is before the North Carolina House of Representatives that would call on the Department of the State...
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It’s been a long time coming, but after a nearly five-year odyssey the Department of Labor on April 14 unveiled a proposed regulation that redefines who a plan fiduciary is — and makes it clear that the Obama administration intends the rule to be a way to increase consumer protections for plan...
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Many states and local government pension plans face funding challenges. At the same time, average longevity is increasing. Seems logical that retirees living longer would exacerbate those funding woes, but a recent study by the Center for State and Local Government Excellence, “How Will Longer...
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Legislators in the Bay State have been busy developing legislation that could affect the private employer sponsored retirement system should the bills become state law.In the current legislative session, two bills have been offered that attempt to regulate 401(k) plans — apparently overlooking the...
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The IRS recently updated the Employee Plans Compliance Resolution System (EPCRS), a means to correct plan defects. In this week’s MarketBeat, Michael Webb examines the changes made to EPCRS and discusses their specific impact (or lack thereof) on 403(b)/457(b) plan sponsors.
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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...