NTSA Net Staff
By NTSA Net Staff 12/22/2014
Last week we asked readers to vote on the best — and worst — aspects of ERISA and its progeny. Rather than just asking to pick one, readers had an opportunity to choose between two alternatives — or to suggest their own. In fact, three of the top five “worst” aspects of ERISA, and three of the top...
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By NTSA Net Staff 12/19/2014
Kades-Margolis Corp. and Kades-Margolis Capital announced on Dec. 18 that the firms have joined U.S. Retirement Partners (USRP) as member firms. USRP specializes in employee benefit and retirement plans for public school systems and government offices, including 403(b)s and 457(b)s. USRP is the...
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By NTSA Net Staff 12/19/2014
New Years resolutions are still a few weeks away, but employers already have one regarding their retirement plans — improving communication. Most employers sponsoring defined contribution plans — including 403(b) plans — that Towers Watson spoke to in its 2014 North American Defined Contribution...
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By NTSA Net Staff 12/17/2014
Many 403(b) plan sponsors actively recognize their responsibility for encouraging participants to save for their retirement, but there is room for improvement, according to a new Plan Sponsor Council of America study, “Attitudes Towards Retirement Readiness in 403(b) Plans.” The report, which...
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By NTSA Net Staff 12/17/2014
The IRS’ Advisory Committee on Tax Exempt and Government Entities is seeking input from 403(b) plan sponsors, vendors and providers on compliance problems. The committee’s Employee Plans subgroup has set up an online survey to collect comments regarding: the problems sponsors, vendors and...
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By NTSA Net Staff 12/15/2014
In this, the year of the 40th anniversary of the Employee Retirement Income Security Act's (ERISA) enactment, many have weighed in on the best — and the worst — aspects of that law and its progeny. As 2014 draws to a close, we’re giving YOU the opportunity to weigh in on the best things about...
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By NTSA Net Staff 12/15/2014
Suppose you have a client who is age is 59½, has not left the employer, and has money in an employer’s 403(b) plan; he would like to move it to the employer’s 457(b) plan. In this week’s Tech Talk, Ellie Lowder tells whether this kind of transfer can be made.
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By NTSA Net Staff 12/15/2014
In this, the year of the 40th anniversary of the Employee Retirement Income Security Act’s (ERISA) signing into law, many have weighed in on the best — and worst — of that law (and its progeny).But as 2014 draws to a close, we wanted to give YOU an opportunity to weigh in via our exclusive online...
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By NTSA Net Staff 12/15/2014
The saver's credit is one way to providing meaningful opportunity for employees to participate in a 403(b) plan. In this week’s MarketBeat, Ellie Lowder discusses how the saver’s tax credit works and provides a crib sheet of sorts from the IRS.
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By NTSA Net Staff 12/12/2014
Retirement assets of older Americans surged to a new high of $3.5 trillion last year, according to a new report. While retirement savings grew to one third (33.7%) of all household investable assets at $13.9 trillion, retirement assets of consumers age 65 to 74 surged from $2.3 trillion, and now...
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By NTSA Net Staff 12/11/2014
Saving for retirement in a workplace savings plan or IRA is the top long-term financial goal, according to a new survey. More good news: More than one-in-four (42%) said sticking to financial resolutions is easier than sticking to other common resolutions, such as exercising regularly or pledging...
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By NTSA Net Staff 12/10/2014
Rollovers can be an important way to preserve retirement savings, and postpone paying taxes on distributions. But do you know which kinds of rollovers can be made to which accounts? The IRS has an updated rollover chart that can help. It’s online here. More information about rollovers, rollover...
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By NTSA Net Staff 12/8/2014
In this week’s MarketBeat, Michael Webb discusses why a TGPC designation is so valuable and the top three reasons why you should obtain the designation.
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By NTSA Net Staff 12/4/2014
How are 403b loan defaults processed? Once a participant defaults on a loan, it’s a deemed distribution and a 1099R is created. But there are many other matters to be settled. In this week’s Tech Talk, Ellie Lowder tells us what happens regarding the participant’s account, the outstanding loan,...
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By NTSA Net Staff 12/2/2014
There are critical deadlines 403(b) plans must meet in order to stay in compliance with the federal Internal Revenue Code. Adding to the complexity of this function, some deadlines only apply to particular plan types (such as ERISA plans). In this week’s MarketBeat, Mike Webb provides a 403(b) Plan...
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By NTSA Net Staff 12/2/2014
The consultant for a 501(c)(3) that sponsors a 403(b) plan and a 401(a) plan has told the employer that the Code Section 415(c) limit is a shared limit between the two plans. In this week’s Tech Talk, Ellie Lowder tells us whether the consultant is correct.
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By NTSA Net Staff 11/25/2014
In a year of positive — but modest — change, a new survey suggests that public pension funds are feeling better about their ability to deal with trends and issues, at least in the near term. According to the 2014 National Conference on Public Employee Retirement Systems (NCPERS) Public Retirement...
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By NTSA Net Staff 11/21/2014
Section 404(c) is a historically misunderstood part of ERISA, with misconceptions rampant even before the 404(a)(5) participant fee disclosure regulations added to the confusion. In this week’s MarketBeat, Michael Webb addresses fundamental ERISA Section 404(c) issues every advisor should master.
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By NTSA Net Staff 11/21/2014
A client wants to protect her 403(b) from being counted as an asset for purposes of Medicaid and used to cover her husband’s nursing home costs. In this week’s Tech Talk, Ellie Lowder tells us whether there is any way to protect her 403(b).
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By NTSA Net Staff 11/20/2014
The SEC has issued its 2014 Agency Financial Report, in which it outlines the actions it undertook in 2014 and its goals for 2015. Investment News notes that the report is vague about whether the SEC will propose a new uniform fiduciary standard in FY 2015, which began Oct. 1, 2014. “In FY 2015,...
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