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457 Plans

A key member of Congress has reintroduced legislation that would permit 401(k), 403(b), SIMPLE and governmental 457(b) retirement plans to make matching contributions to workers as if their student loan payments were salary reduction contributions. Sen. Ron Wyden (D-OR), Ranking Member of the... READ MORE
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. Internal Revenue Code Section 72(p)... READ MORE
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. Too often, the “cost of a loan” is... READ MORE
A county sponsors a 457(b) governmental plan and is asking questions concerning eligibility of those in elected positions to participate. In Tech Talk, Sue Diehl tells us whether there is any guidance concerning whether they can participate and receive any future discretionary matching dollars. READ MORE
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. Loans are an important feature in a... READ MORE
In Tech Talk, Susan Diehl tell us whether a lump sum transfer from a top hat plan to another nongovernmental 457(b) would need to be delayed by 12 months if a plan requires a 12-month advance notice of any “method of payment” change (i.e., from installments to lump sum). READ MORE
A plan says that a participant’s initial election shall be in installments, but upon severance a participant wishes to transfer their amount to another non-governmental 457(b). In Tech Talk, Susan Diehl tells us whether such a lump sum transfer request overrides the installment election or whether... READ MORE
A retirement plan offered under Internal Revenue Code Section 457(b) permits certain employers or employees to contribute money for retirement on a tax-deferred basis, subject to annual limits the IRS sets. In MarketBeat, John Iekel discusses a recent newsletter by a human resources and employee... READ MORE
In Tech Talk, Susan Diehl tells us whether it is still the case that participants in non-governmental 457(b) top hat plans are allowed one election to change their benefit commencement date. READ MORE
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. An integral element of the 403(b) and... READ MORE
Is it still the case that mandatory distributions from a nongovernmental 457(b) must begin no later than 60 days following the end of the plan year in which the participant severed service? In Tech Talk, Susan Diehl tell us. READ MORE
Editor’s Note: This is the first appearance of what will be 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.... READ MORE
There is less than a month to make required minimum distributions (RMDs) from traditional IRAs and employer-provided retirement plans to taxpayers who reached age 70½ in 2018. The IRS on March 5 in IR-2019-29 issued a reminder that the deadline is April 1. The April 1 deadline applies to owners of... READ MORE
House Ways & Means Committee Chairman Richie Neal (D-MA) announced Jan. 30 that the committee will hold a hearing on Feb. 6 on improving retirement security for America’s workers. It is anticipated that the hearing will be the first of many focusing on retirement security issues, eventually... READ MORE
Retirement plans — and the opportunity to serve them and their participants and beneficiaries — are not limited to pensions, 401(k)s and 403(b)s. They also entail 457(b) plans — a market that offers fresh opportunity. And it’s a sizable opportunity, NTSA Executive Director Brent Neese observed at... READ MORE
The new year has begun, and in an NTSA webcast Susan Diehl, President of PenServ Plan Services, offers a look at important developments that will affect your plans and those whom you – and they – serve. In a Jan. 9 webcast, Diehl focused on many important issues affecting 403(b) and 457 plans,... READ MORE
Alternatives to existing teacher pensions have been the subject of debate and discussion and legislation – as well as jurisprudence – for years now. But a recent study found that the arrangements already in place are preferable. In a recent study, the University of California, Berkeley, and the... READ MORE
In Tech Talk, Susan Diehl tells whether there a sample election form for an executive who participates in a 457(b) plan and who would like to defer distribution until a later date. READ MORE
Compliance can be a challenge for any employee benefit plan, but it can be even more complex if the arrangement in question is a church or governmental plan. In MarketBeat, Susan Diehl looks at just such complications. READ MORE
The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The 2019 limits are contained in Notice 2018-83, released Nov. 1. The limits for 2019 are as follows: The limitation under Code Section 402(g)(1)... READ MORE

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