NTSA Net Staff
By NTSA Net Staff 5/3/2019
The IRS has announced the expansion of areas for issuing determination letters for certain retirement plans.
Revenue Procedure (Rev. Proc.) 2019-20 issued May 1, details two new issues for which retirement plan sponsors may now request determination letters:
Statutory Hybrid Plans – plan...
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By NTSA Net Staff 4/30/2019
In MarketBeat, John Iekel looks at the Congressional Research Service's updated report on the Social Security retirement age, which discusses trends concerning and affecting that threshold and how that age may relate to addressing the challenges facing the Social Security system.
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By NTSA Net Staff 4/26/2019
Editor’s Note: This is an occasional feature in the NTSA Advisor. It is drawn from The Source, a book that covers technical, compliance, administrative and marketing aspects of the 403(b) and 457(b) markets. More information about The Source is available here.
Too often, the “cost of a loan” is...
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By NTSA Net Staff 4/26/2019
A county sponsors a 457(b) governmental plan and is asking questions concerning eligibility of those in elected positions to participate. In Tech Talk, Sue Diehl tells us whether there is any guidance concerning whether they can participate and receive any future discretionary matching dollars.
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By NTSA Net Staff 4/22/2019
In Tech Talk, Susan Diehl tells us whether acceleration applies only to the timing of a distribution, frequency of distribution or both.
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By NTSA Net Staff 4/22/2019
Since enactment of the Pension Protection Act in 2006, automaticity has been highly successful in improving retirement readiness. In MarketBeat, Ted Godbout writes about a new white paper that holds that new, highly personalized fintech advances may help drive retirement readiness to the next level...
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By NTSA Net Staff 4/22/2019
Editor’s Note: This is an occasional feature in the NTSA Advisor. It is drawn from The Source, a book that covers technical, compliance, administrative and marketing aspects of the 403(b) and 457(b) markets. More information about The Source is available here.
Loans are an important feature in a...
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By NTSA Net Staff 4/22/2019
In a major victory for the advocacy efforts of the American Retirement Association, the IRS has expanded its Employee Plans Compliance Resolution System (EPRCS) self-correction program (SCP).
The American Retirement Association (ARA) on April 4, 2018 had submitted a comment letter to the IRS to...
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By NTSA Net Staff 4/17/2019
The Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), is giving retirement plan sponsors at nonprofit organizations an opportunity to participate in, and receive benchmarking data from, its annual 403(b) Benchmarking Survey.
Embarking on its second decade,...
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By NTSA Net Staff 4/16/2019
There are many pieces to the puzzle that is retirement security. In MarketBeat, John Iekel discusses the suggestion of a benefits institute that one of them is the behavior of plan participants and that working with, and influencing, that can help put pieces in place.
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By NTSA Net Staff 4/15/2019
Editor’s Note: This is an occasional feature in the NTSA Advisor. It is drawn from The Source, a book that covers technical, compliance, administrative and marketing aspects of the 403(b) and 457(b) markets. More information about The Source is available here.
The amount that an employer can...
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By NTSA Net Staff 4/15/2019
A self-employed minister who receives Forms 1099 is considered to be their own 501(c)(3) employer and could have contributions made into only a 403(b)(9) account. In Tech Talk, Susan Diehl tells us whether there is any benefit for him if he opens such an account.
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By NTSA Net Staff 4/9/2019
Having a retirement plan and a commitment to facilitating employees’ saving for their retirement is important. In MarketBeat, John Iekel discusses a recent blog entry that argues that the good that accomplishes can be blunted if the employer and the plan administrators don’t communicate about the...
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By NTSA Net Staff 4/5/2019
Editor’s Note: This is an occasional feature in the NTSA Advisor. It is drawn from The Source, a book that covers technical, compliance, administrative and marketing aspects of the 403(b) and 457(b) markets. More information about The Source is available here.
This is Part II of a two-part series...
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By NTSA Net Staff 4/2/2019
Today the Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), launches a new and innovative education program and credential: the Certified Plan Sponsor Professional (CPSP™).
Developed by plan sponsors in collaboration with education experts at ARA and some...
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By NTSA Net Staff 4/2/2019
New Jersey Gov. Phil Murphy (D) has signed legislation establishing a state-run retirement savings plan for private-sector employees whose employers do not offer a retirement plan.
Murphy signed the bill establishing the New Jersey Secure Choice Savings Program into law on March 28. The state...
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By NTSA Net Staff 4/2/2019
In Tech Talk, Susan Diehl tell us whether a lump sum transfer from a top hat plan to another nongovernmental 457(b) would need to be delayed by 12 months if a plan requires a 12-month advance notice of any “method of payment” change (i.e., from installments to lump sum).
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By NTSA Net Staff 4/2/2019
Running and maintaining a plan can be complicated — and fiduciary rules are part of the reason. In MarketBeat, John Iekel discusses a recent blog entry that offers some suggestions regarding how to reduce the risk of making fiduciary errors in operating a plan.
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By NTSA Net Staff 4/2/2019
Editor’s Note: This is an occasional feature in the NTSA Advisor. It is drawn from The Source, a book that covers technical, compliance, administrative and marketing aspects of the 403(b) and 457(b) markets. More information about The Source is available here.
This is Part I of a two-part series...
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By NTSA Net Staff 3/28/2019
Testifying at a March 27 Capitol Hill hearing on behalf of the American Retirement Association, ASPPA member Martella A. Turner-Joseph encouraged members of Congress to enact comprehensive legislation to expand American workers’ access to workplace retirement plans.
Turner-Joseph, an enrolled...
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