Thomas Granger
By Thomas Granger 10/18/2019
Special Pay Plans are tools within a 403(b) plan to help employees as they approach retirement.
How a Special Pay Program in a 403(b) Plan Works
A 403(b) plan which includes employer non-elective contributions in lieu of paying compensation (most commonly to replace unused sick leave and vacation...
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By Thomas Granger 10/7/2019
Consultants supposedly specializing in 403(b) plans emerged as a relatively new phenomenon in conjunction with the finalization of the 403(b) regulations in 2007. As Employers became aware of the new compliance requirements applicable to plan sponsors under the final regulations, they began to look...
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By Thomas Granger 10/1/2019
A simplified employee plan (SEP) is a type of defined contribution plan that is funded exclusively with employer contributions.
For years before 2002, contributions could not exceed 15% of each eligible employee’s compensation. After EGTRRA and the Job Creation and Worker Assistance Act of 2002,...
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By Thomas Granger 5/20/2019
Problems may arise when employers change their plan’s TPA and do not notify the product providers, the plan participants or the former TPA.
In the absence of such notification, all parties continue to interact with the former TPA, but plan transactions are not processed or approved. Delays occur,...
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