John Iekel
By John Iekel 3/4/2022
The Cycle 3 defined contribution pre-approved plan restatement deadline is coming: July 31, 2022. But there is more to restatements than that.
That looming deadline means that “now is the time” to focus on updating 401(k) and other plans—including profit-sharing, money purchase and employee stock...
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By John Iekel 3/2/2022
Marketing can be not only more sensitive, but also more effective, if it takes the backgrounds of the audience being reached in mind, suggested an expert panel at the recent NTSA Summit.
Panelists included 2018 NTSA President Tamara Indianer, Regional Vice President, Northeast, Lincoln Investment...
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By John Iekel 2/24/2022
CalSavers, the state-provided retirement plan for employees whose employers do not provide one, was launched on July 1, 2019. Now, more than two and a half years later, where does it stand?
Registration
Registration was set to take place in three waves:
Wave 1: Employers with more than 100...
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By John Iekel 2/24/2022
The Congressional Research Service (CRS) has updated information concerning the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), both benefit formulas that reduce Social Security benefits for workers and their eligible family members if the worker receives (or is...
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By John Iekel 2/23/2022
The CalSavers Retirement Savings Board, the body that runs CalSavers, the state-provided retirement plan for employees whose employers do not provide one, on Feb. 18 issued a request for proposals (RFP) for a new investment option focused on ESG factors.
The Board seeks proposals from qualified...
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By John Iekel 2/23/2022
The IRS on Feb. 23 issued a proposed rule addressing the required minimum distribution (RMD) requirements for plans qualified under Code Section 401(a) that will update applicable regulations to reflect provisions of the SECURE Act.
The proposed rule will affect RMDs from qualified plans,...
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By John Iekel 2/18/2022
The Congressional Research Service (CRS) has released an updated version of its annual report on traditional and Roth IRAs. The CRS treats it as a primer that explains the accounts and the laws and regulations governing them, with new information added to account for developments since the last...
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By John Iekel 2/16/2022
Employer payroll deduction IRAs are coming back into vogue, an expert at the recent NTSA Summit argued in a Feb. 7 session.
“Employer IRAs are not new—they’re just getting a resurgence because of the MEP and PEP rules,” said Sue Diehl, President of PenServ. Employer IRAs are “totally open to...
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By John Iekel 2/10/2022
Alberto Gaglianese was recognized as one of the 2022 NTSA Elite Advisors at a Feb. 7 luncheon meeting at the 2022 NTSA Summit in Phoenix, AZ. Carla-Ann Goedtke and Virginia T. Harriett were recognized as 2022 Elite Advisor winners at that luncheon as well.
Gaglianese, of Clearpath Wealth Partners...
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By John Iekel 2/10/2022
Legislation could be enacted this year that would allow 403(b) plans to form and join pooled employer plans (PEPs) for the first time. A panel at the 2022 NTSA Summit in Phoenix offered a deeper dive.
Panelists included Kendra Bragg, Senior Relationship Manager, Newport Retirement Services; Chris...
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By John Iekel 2/9/2022
Running any employee benefit plan, and serving one, entails challenges—and that certainly is true of 403(b) and 457 plans. A Feb. 7 session of the 2022 NTSA Summit in Phoenix, AZ featured a panel discussion concerning some of them.
Panelists included John Adzema, President, National Associates,...
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By John Iekel 2/8/2022
Carla-Ann Goedtke and Virginia Harriett were recognized as the 2022 NTSA Elite Advisors at a Feb. 7 luncheon meeting at the 2022 NTSA Summit in Phoenix, AZ.
Goedtke, of Investors Choice Financial Services, serves 1,500 participants in 30 school districts and has $218 million in retirement assets...
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By John Iekel 2/8/2022
Nathan Glassey and Philip Kim were named as the 2022 recipients of the Richard Ford Volunteer Service Award. They received the award at a Feb. 7 luncheon at the 2022 NTSA Summit in Phoenix, AZ.
Glassey, of National Benefit Services, has served the NTSA through the Business Intelligence Committee...
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By John Iekel 2/8/2022
A Feb. 7 workshop at the 2022 NTSA Summit held in Phoenix, AZ looked at the Cycle 2 restatements set forth in Revenue Procedure 2021-37.
Nancy Billings, Vice President of Compliance, Tax-Deferred Solutions; and Sue Diehl, President of PenServ Plan Services, Inc., told attendees that the IRS...
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By John Iekel 2/8/2022
The devil may be in the details, but they occur against a bigger backdrop. At a Feb. 7 session of the 2022 NTSA Summit in Phoenix, American Retirement Association Chief Content Officer Nevin Adams offered attendees a look at some big picture “seismic shifts” affecting the retirement industry. ...
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By John Iekel 2/7/2022
Darlene Flagg, 2021 President, marked her term in office in a Feb. 6 session of the 2022 NTSA Summit, held in Phoenix, AZ.
“As an industry, an organization and a world, we’ve all been through a lot,” said Flagg. She noted that the NTSA has had an active year nonetheless, citing two virtual...
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By John Iekel 2/7/2022
Kris Coffey, 2019 NTSA President, received the 2022 Bob D. Schiller Award at a Feb. 6 session of the NTSA Summit held in Phoenix, AZ.
The Schiller Award recognizes individuals who have given freely of themselves, their time and resources to the NTSA and to the 403(b)/457 industry—individuals who...
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By John Iekel 2/7/2022
Christopher Zingaro, CRES, stepped into the role of 2022 NTSA President at a Feb. 6 session of the NTSA Summit, held in Phoenix, AZ.
Zingaro, Head of Marketing and Business Development at ABMM Financial, has been with that firm for more than 25 years. His previous experience includes serving as...
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By John Iekel 2/7/2022
This could be a busy year for lawmakers on a number of matters relevant to the retirement industry, American Retirement Association CEO Brian Graff and NTSA Executive Director Mark Luckinbill suggested at a Feb. 6 session of the NTSA Summit held in Phoenix, AZ.
What Could Have Been
There was an...
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By John Iekel 2/7/2022
Kent Schutte, 2015 NTSA President, was recognized as the 2021 recipient of the Bob D. Schiller Award at a Feb. 6 session of the NTSA Summit held in Phoenix, AZ. The award could not be presented in person in 2021 because there was no in-person NTSA Summit in 2021 due to the pandemic.
The NTSA Bob...
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