403b Plans
Holdings in model portfolios may be shown on a participant statement, or, these models may be “unitized” and reported on statements with a daily net asset value. Tech Talk discusses the implications of unitization for 403(b) plans.
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In MarketBeat, Robert Toth argues that one should consider the details of what it takes to be able to support providing 403(b) benefits with the annual elective deferral limit for participants with 15 years of service.
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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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The Securities and Exchange Commission (SEC) has announced that it is undertaking several teacher investment outreach efforts. The new efforts are part of the SEC’s Teachers Initiative.
The new initiatives include:
the launch of a podcast series for public school educators;
nationwide events...
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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.
Tip of the Week concerns issues to...
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Guidance on student loan payments under qualified retirement and section 403(b) plans has been added to the updated Treasury/IRS Priority Guidance Plan released Oct. 8. It includes guidance on timing of amendments to 403(b) plans.
While the plan does not specify what the agencies are...
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In Episode 4 of the WOWcast series, past NTSA President and inaugural NTSA Elite Advisor Randy Aranowitz speaks with Wat Keys, Vice President and financial advisor at CAPTRUST and one of the 2019 Elite Advisors.
In Part I and III of Episode 4, they discuss what inspires Keys serves his clients...
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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.
Any distribution from a qualified 401...
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The Securities and Exchange Commission (SEC) has launched an investigation into whether federal securities laws have been violated by companies that administer teachers’ retirement plans.
According to The Wall Street Journal, the SEC has sent letters to companies that administer the plans seeking...
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Tech Talk addresses whether distributions made due to a participant dying or becoming disabled are subject to ordinary income tax but not subject to the 10% premature distribution penalty.
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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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The New York Department of Financial Services (NYDFS) is seeking information regarding the way that 403(b)s are being marketed to teachers.
According to the Wall Street Journal (subscription required), NYDFS on Oct. 1 sent letters to “a dozen major insurers” requesting details regarding how they...
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In Episode 3 of the WOWcast series, past NTSA President and inaugural NTSA Elite Advisor Randy Aranowitz speaks with EFS Financial Advisors President Kent Schutte and EFS Financial Advisors Senior Financial Advisor Josh Decker.
In segments I and II of Episode 3, they discussed their practice and...
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Like their 401(k) brethren, 403(b) programs have taken steps to boost contribution and participation rates – and that’s not all they have in common.
According to the 11th annual 403(b) plan survey from the Plan Sponsor Council of America (PSCA), increased contributions by both participants and...
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The IRS has set forth a system of recurring remedial amendment periods for correcting form defects in individually designed and 403(b) pre-approved plans first occurring after the initial remedial amendment period ends on March 31, 2020, and provides a limited extension of the initial remedial...
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Tech Talk addresses how to figure the maximum amount contributable to a 403(B) plan.
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Legislation approved recently by the U.S. House of Representatives would restrict the use of pre-dispute arbitration agreements – potentially including their use in workplace retirement plans.
Many retirement plans include provisions requiring employees and plan participants to arbitrate any...
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Tech Talk addresses whether there are nondiscrimination rules that apply to employer contributions to employees’ 403(b) accounts.
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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 Unemployment Compensation...
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Tech Talk addresses whether a 403(b) plan can automatically enroll employees in the plan.
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