403b Plans
Does a charitable contribution from required minimum distributions (RMDs) from a 403(b) have to be 100% of RMD or can it be just part of the RMD? In Tech Talk, Ellie Lowder tells us.
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Republicans in the House of Representatives recently finalized the last plank of their policy agenda, with the release of their comprehensive tax reform blueprint. The bold plan calls for significant cuts in the statutory tax rates on both the wage and investment income for individuals — a move...
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The IRS specifically recognized the termination of a 403(b) plans as being a “distributable event” in its 2007 regulations. But that doesn’t mean that questions don’t arise. In MarketBeat, Robert Toth addresses issues that arise concerning 403(b) plan terminations and distributions.
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Can one make charitable contributions from required minimum distributions (RMDs) from 403(b)s? In Tech Talk, Ellie Lowder tells us.
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As the first-time-ever Prototype/Volume Submitter 403(b) approvals approach, it may be necessary to include counting hours for adjunct professors in a plan’s operations manual, in order to protect the employer in the event of an audit. In MarketBeat, Susan Diehl provides a brief explanation of the...
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A client has a 403(b) account which was established in 2006. He now wants to roll over that account to an IRA, since is he over age 59½ and has also severed employment. In Tech Talk, Ellie Lowder tells us who needs to sign off on the rollover and what the employer’s role is.
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Special pay features became popular among 403(b) plans after EGTRRA enabled 403(b) sponsors to make employer nonelective contributions to the 403(b) account of a former employee. In MarketBeat, Linda Segal Blinn argues that as is often the case, the devil can be in the details and discusses how the...
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Suppose a 403(b) participant whose spouse signed a waiver elects his foundation as his beneficiary. Can such a distribution be made? In Tech Talk, Ellie Lowder tells us.
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The difference between 403(b) and governmental 457 plans does not seem significant at first glance, argues Diane Capone in MarketBeat. She points out their similarities and differences, and offers insights into the rules and mechanics of rollovers between the two kinds of accounts.
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When an employer does not fully control the assets in the 403(b) plan handled by a TPA, could the employer notify employees that it does not have authority over the assets and that they will be responsible for gains and losses? In Tech Talk, Ellie Lowder tells us.
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Collective trusts have seemingly become all the rage in plan investment circles, and for some very good reasons. But what of a 403(b) plan purchasing collective investment trusts (CITs)? In MarketBeat, Robert Toth discusses issues that need to be addressed concerning 403(b)s and CITs.
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A TPA’s personnel says that 403(b) accounts are individual contracts and refuses to change the contracts to a group contract. In Tech Talk, Ellie Lowder tells us whether they will honor the asset exchange, liquidate the assets and transfer them to the new TPA on an individual basis if the...
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This year, there were three named tropical systems in the Atlantic Ocean by June 5 — the first time ever that there were three named storms by such an early date. And two of them made landfall in the United States. With the official Atlantic hurricane season just begun (the National Oceanic and...
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Is it possible that individual 403(b) participant accounts can be considered individual contracts unless the third party administrator chooses to change the contract into a group contract? In Tech Talk, Ellie Lowder tells us.
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Is it possible that individual 403(b) participant accounts can be considered individual contracts unless the third party administrator chooses to change the contract into a group contract? In Tech Talk, Ellie Lowder tells us.
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By the end of last year, 403(b) plans contained nearly $1 trillion in assets. They are a significant part of the U.S. retirement landscape, and a recent paper takes a closer look at 403(b)s.In “The BrightScope/ICI Defined Contribution Plan Profile: A Close Look at ERISA 403(b) Plans, 2013”...
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Is it appropriate to name a living trust as beneficiary of a 403(b) account? In Tech Talk, Ellie Lowder tells us.
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In the past, financial advisors will remember having a discussion with the clients participating in 403(b) and/or 457(b) plans about the potential for using retirement savings for lump sum needs, by withdrawing amounts as needed. In MarketBeat, Ellie Lowder examines what has changed to contribute...
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You have a client who left his employer at age 53, and will be 55 this year. In Tech Talk, Ellie Lowder tells us whether he can make withdrawals from his 403(b) account without incurring the IRS penalty tax.
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You have a client who left his employer at age 53, and will be 55 this year. In Tech Talk, Ellie Lowder tells us whether he can make withdrawals from his 403(b) account without incurring the IRS penalty tax.
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