NTSA Net Staff
By NTSA Net Staff 3/26/2019
VALIC, the retirement plan provider that implemented the first 403(b) plan for a public school, has announced that it will now be known as AIG Retirement Services.
VALIC first made a 403(b) plan available to a public school in 1964. It provides retirement plans for healthcare, K-12, higher...
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By NTSA Net Staff 3/26/2019
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.
It is important to note that ERISA...
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By NTSA Net Staff 3/25/2019
Regardless of political affiliation, large majorities of Americans believe the nation faces a retirement crisis and are largely supportive of state efforts to expand coverage, recent survey results show.
Findings contained in the National Institute on Retirement Security’s “Retirement Insecurity...
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By NTSA Net Staff 3/25/2019
A plan says that a participant’s initial election shall be in installments, but upon severance a participant wishes to transfer their amount to another non-governmental 457(b). In Tech Talk, Susan Diehl tells us whether such a lump sum transfer request overrides the installment election or whether...
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By NTSA Net Staff 3/25/2019
A retirement plan offered under Internal Revenue Code Section 457(b) permits certain employers or employees to contribute money for retirement on a tax-deferred basis, subject to annual limits the IRS sets. In MarketBeat, John Iekel discusses a recent newsletter by a human resources and employee...
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By NTSA Net Staff 3/19/2019
In Tech Talk, Susan Diehl tells us whether it is still the case that participants in non-governmental 457(b) top hat plans are allowed one election to change their benefit commencement date.
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By NTSA Net Staff 3/19/2019
A plan audit need not be unpleasant, and there are steps that can be taken to prepare for one and make it a smoother experience. In MarketBeat, John Iekel discusses a recent blog entry that offers suggestions regarding what can be done to prepare for a plan audit and avoid making errors.
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By NTSA Net Staff 3/18/2019
Save the date! The 2020 NTSA Summit will be held Jan. 26-28, 2020 in Denver, CO. And you can help set the agenda!
After you save the date for the 2020 NTSA Summit, be sure to rank and contribute topics that could help shape the conference. We launched an innovative online polling tool to compile...
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By NTSA Net Staff 3/18/2019
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.
An integral element of the 403(b) and...
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By NTSA Net Staff 3/11/2019
Is it still the case that mandatory distributions from a nongovernmental 457(b) must begin no later than 60 days following the end of the plan year in which the participant severed service? In Tech Talk, Susan Diehl tell us.
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By NTSA Net Staff 3/11/2019
We have more access — and easier access — to information than at any time in human history. In MarketBeat, John Iekel discusses a recent blog entry that argues that a good fiduciary can identify which information will most affect clients and their accounts.
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By NTSA Net Staff 3/11/2019
Editor’s Note: This is the first appearance of what will be 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....
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By NTSA Net Staff 3/1/2019
Recent research shows that retirement plan participants are among those who prefer communication that is not riddled with jargon and “inside” terms that are familiar to plan providers, sponsors and administrators but mean little to those whom the plans serve. In MarketBeat, John Iekel discusses a...
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By NTSA Net Staff 3/1/2019
An employer’s HR committee invited a top hat group member who this year will attain age 65, the plan’s normal retirement age, to participate in the plan. In Tech Talk, Susan Diehl tells us if she can make a special catch up contribution.
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By NTSA Net Staff 2/26/2019
Can a church that does not have a 501(c)3 letter from the IRS set up a 403(b)? In Tech Talk, Susan Diehl tells us.
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By NTSA Net Staff 2/26/2019
In order to serve a client effectively — and fulfill fiduciary duties, BTW — a fiduciary of course must know their client. And one also must pursue the client’s best interest. But it’s possible that those goals may not always be congruent; in fact, they may even be mutually exclusive. In MarketBeat...
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By NTSA Net Staff 2/19/2019
Can a frozen plan of an employer that is no longer an “eligible employer” still allow new loans from the plan? In Tech Talk, Susan Diehl tells us.
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By NTSA Net Staff 2/15/2019
Under the Bipartisan Budget Act of 2018, the hardship relief that was granted to 401(k) plans is does not apply to the “hardship” distribution of 403(b) QNECs and QMACs. In MarketBeat, Robert Toth says that this has a very real practical and operational effect.
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By NTSA Net Staff 2/12/2019
A church would like to start contributing to a retirement account for a pastor since they currently don’t pay the pastor. In Tech Talk, Susan Diehl tells us whether that would be considered to be a special contribution.
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By NTSA Net Staff 2/12/2019
In MarketBeat, Susan Diehl writes that in a Jan. 10, 2019 ruling, a bankruptcy court held that inherited IRAs are protected under Idaho state law, and offers a look at why this is an interesting case.
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