Maria Hurd
By Maria Hurd 6/15/2023
In its quest to set every community up for retirement enhancement, SECURE 2.0 enhanced the long-term part-time (LTPT) rules of SECURE 1.0 by making them applicable to 403(b) plans. Since employees are more likely to contribute to an employer-sponsored retirement arrangement than an Individual...
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By Maria Hurd 7/26/2022
Oops! I did it again…
No matter how hard we try, there are mistakes we are doomed to make again and again, even when we know the rules all too well. The reasons are valid, and they are countless: mindlessness, being in a rush, employee turnover, deadlines, distractions, the complexity of the rules...
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By Maria Hurd 6/6/2022
“Retirement readiness is important for everybody.” This is a statement that didn’t make it to the searchable lists of universal truths, but should have.
The 403(b) plan regulations realized the benefits of inclusion a long time ago, providing that if any employee can elect to make elective...
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By Maria Hurd 5/26/2022
Where have you worked, for how long, and how much have you contributed to the 403(b) plan? These are all the questions that make up the puzzle pieces necessary to compute each participant’s available 403(b) catch-up.
Participants in a 403(b) plan can make an additional contribution once they have...
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By Maria Hurd 4/25/2022
Why should the rules that determine how and how much a person can save for retirement be different depending on whether the person works for a government entity, a nonprofit or a for-profit employer? People are people, and their retirement needs are not different based on what type of entity...
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