NTSA Net Staff
By NTSA Net Staff 8/10/2015
A school district plans to make employees choose between receiving employer contributions to their 403(b)s or a health insurance benefit. In Tech Talk, Ellie Lowder tells us if that school district can do that.
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By NTSA Net Staff 7/31/2015
A client wants to transfer money from his 403(b) account to buy years of service in his state retirement system. In Tech Talk, Ellie Lowder tells whether he can.
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By NTSA Net Staff 7/31/2015
Major trade legislation that was signed into law on June 29, 2015 should be of interest to public school districts and the school resources officers they hire. In MarketBeat, Ellie Lowder discusses a substantial change that measure makes to the distribution rules applicable to those officers.
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By NTSA Net Staff 7/31/2015
The American Retirement Association Annual Business Meeting will be held on Sunday, Oct. 18, 2015, during the 2015 ASPPA Annual Conference in National Harbor, Md.The Annual Business Meeting will include an address by American Retirement Association’s 2015 President, Thomas J. Finnegan, MSPA, CPC,...
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By NTSA Net Staff 7/30/2015
There has been no shortage of bad news for public pension systems from coast to coast. But the U.S. Census Bureau has just released some good news — the assets of state and local public pension systems grew in 2014.The report, “2014 Annual Survey of Public Pensions: State and Locally Administered...
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By NTSA Net Staff 7/29/2015
Robo-advisors may pose a threat to human advisors, but they also offer opportunities, Kent Schutte and Robert Young suggest in the newest NTSA podcast.Why are robo-advisors growing? Schutte, NTSA’s current president, and Young, the current president-elect, offer several explanations: they are a...
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By NTSA Net Staff 7/27/2015
Expressing concerns that the Labor Department’s fiduciary proposal is “…motivated by an insatiable desire to reengineer the retirement services industry and control the mode and manner that Americans save for retirement,” a group of Republican congressmen is calling on the DOL to withdraw the rule....
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By NTSA Net Staff 7/27/2015
During the first round of breakout sessions at the 2015 NTSA 403(b) Summit in Nashville, an expert panel led a lively and engaging discussion about the Department of Labor’s re-proposed fiduciary rule, and the potential impact on common business practices. In MarketBeat, Amy L. Simonson summarizes...
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By NTSA Net Staff 7/27/2015
You have a participant who consistently makes extra payments on a plan loan he took out. If the original loan was calculated with principal and interest amortized over the 5-year payback period, should you recalculate the remaining term of the loan? In Tech Talk, Ellie Lowder tells us.
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By NTSA Net Staff 7/27/2015
Taking a cue from the boss, Labor Secretary Thomas Perez has said that the DOL will issue guidance to help facilitate state-based retirement plans. Perez made his remarks on the DOL blog.As President Obama did on July 13, Perez hailed state-based plans as a tool to strengthen retirement and noted...
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By ASPPA, NTSA Net Staff 7/22/2015
The Pushmi-Pullyu, a two-headed animal character from author Hugh Lofting’s Doctor Dolittle series of children’s books, does not actually exist. But the back-and-forth over the Department of Labor’s proposed fiduciary rule is enough to make one wonder if maybe they really do after all.July 21...
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By NTSA Net Staff 7/20/2015
The American Retirement Association (ARA) has submitted its comment letter to the Department of Labor (DOL) on the fiduciary rule re-proposal. ARA has long supported aligning the interests of retirement plan advisers to individual retirement investors through a best interest standard. The comment...
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By NTSA Net Staff 7/17/2015
The IRS has said that excess deferrals generally are caused by “misuse” of the 15+ years of service increased limit outlined in Internal Revenue Code Section 402(g)(7). In MarketBeat, Ellie Lowder provides some clarity on how it works.
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By NTSA Net Staff 7/17/2015
The local public school district has been remitting employee elective deferrals to the 403(b) plan every three months or so. In Tech Talk, Ellie Lowder discusses the timing the federal government requires for these deferrals.
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By NTSA Net Staff 7/15/2015
Although traditional IRAs can be opened with either rollovers or contributions, rollovers tend to be the most common source for new traditional IRAs — and account for the vast majority of those IRA openings, according to a new report.The Investment Company Institute (ICI), in The IRA Investor...
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By NTSA Net Staff 7/15/2015
The IRS should better inform individuals about Internal Revenue Code provisions saying they must take required minimum distributions (RMDs) from their IRAs when they reach a certain age, says a just-released report by the Treasury Inspector General for Tax Administration (TIGTA).Treasury issued...
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By NTSA Net Staff 7/13/2015
President Obama on July 13 called on the Department of Labor (DOL) to “provide a clear path forward for the states to create retirement savings programs.” He made his remarks at the 2015 White House Conference on Aging.Obama directed Secretary of Labor Thomas Perez to publish a proposed rule by the...
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By NTSA Net Staff 7/10/2015
Participant contributions and average account balances in 403(b)s grew in 2014, the Plan Sponsor Council of America (PSCA) reports in its 7th annual benchmarking survey of 403(b) plans.Participants contributed 6% of annual pay to their 403(b)s in 2014, up 0.2% from 2013. Much more dramatic was the...
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By NTSA Net Staff 7/9/2015
The public university retirement plan market can test one’s knowledge and experience. In MarketBeat, Michael Webb discusses five basic features of public university plans for those who may be unfamiliar with this important segment of the nonprofit retirement plan marketplace.
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By NTSA Net Staff 7/9/2015
.Your company is distributing required minimum distributions (RMDs). Does the 20% federal income tax withholding apply to all the amounts being distributed? In Tech Talk, Ellie Lowder tells us.
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