Advertisement
News
The Treasury Inspector General for Tax Administration (TIGTA) recently issued a report on the results of its audit of how well the IRS identifies and addresses excess contributions to IRAs. It also made recommendations regarding how the IRS can do a better job.IRA holders can only make...
READ MORE
An employer that allows one employee to participate in its 403(b) plan must allow all employees to do so — that is, unless they fall into one of five types of employees who may be excluded. The IRS recently issued a reminder of the importance of following the Universal Availability Rule, and what...
READ MORE
Can an employer transfer 403(b) transfer assets (including active loans) for active and terminated participants to a 401(k) without terminating the 403(b)? In this week’s Tech Talk, Ellie Lowder tells us.
READ MORE
Suppose a client exchanged a 403(b)(7) custodial account into a 403(b)(1) annuity where the receiving provider applied pre-59½ withdrawal restrictions to the entire account value. Was that provider correct in that application, or should there be no restrictions? In this week’s Tech Talk, Ellie...
READ MORE
Total U.S. retirement plan assets were $24.7 trillion as of Dec. 31, 2014, with defined contribution assets registering the strongest percentage growth, according to a new report.While total retirement plan assets were up 1.7% from the $24.2 trillion mark at Sept. 30, 2014, according to the...
READ MORE
Plan documents continue to demand advisors’ attention as we wait for the IRS to approve prototype and volume submitter plans sometime next year. In this week’s MarketBeat, Robert Toth discusses two particularly important plan document issues that advisors can help their 403(b) plan sponsors...
READ MORE
State pension plans are likely to continue affecting state budgets and funding, says Standard & Poors. In a study published March 24 on RatingsDirect, S&P indicated that the strains state pension plans face and cause are not likely to end any time soon.Among the factors upon which S&P...
READ MORE
The ubiquitous coverage devoted to the big boys — 401(k)s and pension plans, as well as little brother 403(b)s — has occupied so prominent a place in the discussion of retirement plans that 457s garner much less attention. And yet, according to a recent report by the National Association of...
READ MORE
We may be getting a better understanding of when an employer-sponsored plan is considered to be a governmental plan if the employer is a charter school, based on Notice 2015-07. In this week’s MarketBeat, Linda Segal Blinn explains what this guidance means and the impact it could have.
READ MORE
A church client wonders if it needs to establish a 403(b)(9) retirement income account so the church board can designate post-retirement housing allowances as tax-free distributions. In this week’s Tech Talk, Ellie Lowder tells us if it does.
READ MORE
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...