Susan Diehl
By Susan Diehl 6/22/2023
Editor’s Note: This is Part II of a 3-part series. Part I looked at five different comparisons; this installment looks at comparisons 6-10. Part I is here.
Round 6—Elective Deferral Maximum
401(k) Plans. The maximum elective contribution for 2023 is $22,500 plus $7,500 as an age 50 catch-up...
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By Susan Diehl 6/15/2023
Editor’s Note: This is part one of a 3-part series. Also see the four accompanying charts at the end for complementary information.
Tax-exempt organizations have the choice of setting up either a 403(b) or a 401(k) plan. Adding to that list are the governmental public education employers (public...
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By Susan Diehl 4/20/2023
Author’s Note: Over the past month this question has been asked by at least a half a dozen advisors, so I thought it would be a good thing to resurrect an article that NTSA ran quite a few years ago.
The Question: What happens when a participant signs a salary reduction agreement to defer into a...
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By Susan Diehl 4/14/2022
It is important for the employer to know the differences between an IRS model 5305-SEP or a prototype simplified employee pension (SEP) plan for a number of reasons. Do they have another plan? Do they want to provide the same percentage of contributions for all employees? Does the Employer “own”...
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By Susan Diehl 5/4/2021
An updated version of Publication 590-B was posted on March 29, 2021 (release date on the publication is March 25, 2021). When the publication was released prematurely, it caused quite a stir and flurry of comments.
Of course this publication is for IRAs; however, the flurry that it caused spans...
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By Susan Diehl 8/4/2020
How a plan is designated as a church plan, and whether it can offer a 403(b) and what kind of plan document it can use, depends of a variety of factors.
Following is a specific scenario that serves as an interesting case study in making these determinations.
An employer calls itself a...
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By Susan Diehl 2/11/2020
Donna Caloia from Lincoln Investment was chosen by a judging committee as one of the inaugural awardees for the Richard Ford Volunteer Service Award. She received this award during a moving luncheon awards ceremony at the 2020 NTSA Summit in Denver.
Caloia served as the Chair of the NTSA Summit...
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By Susan Diehl 11/20/2019
Obviously, I truly believe in the NTSA and its mission to assist public school teachers, nonprofits and church organizations in the compliance area of 403(b)s, 457, 401(a) plans and more!
It is the only trade association that supports all of the parties (advisors, TPAs, consultants, and investment...
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By Susan Diehl 7/3/2018
Typically sometime late each year or very early in a tax year, the IRS issues their updates to the Form 1099R, the Form 5498 and the general instructions for both forms for the current year. June 2018 has come and gone, and we are still waiting for most of the reporting guidance for 2018.On June 28...
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By Susan Diehl 2/28/2017
On Feb. 23, 2017, the IRS issued an internal memo to their Employee Plans examination employees concerning guidelines for safe-harbor distributions from 401(k) plans. The issuance of this memo stemmed from an Industry Issue Resolution Program meeting with invited trade associations discussing their...
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