457 Plans
All 403(b) plans require some level of administrative support. Prior to the issuance of the final 403(b) regulations, most ERISA-exempt 403(b) plan sponsors performed some tasks required to establish and support their 403(b) programs and the product providers acted under their respective annuity...
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.
Following is a tip concerning...
READ MORE
While many employers offer 403(b) plans to employees, most do not adequately educate the employees on the importance of retirement savings or promote participation in the 403(b) plan as a valuable employee benefit. Many fail to recognize the correlation between higher participation rates and...
READ MORE
Is there a requirement that for non-ERISA Section 403(b) or Section 457(b) loans, the interest rate on the loan must be prime plus 2%? In Tech Talk, Sue Diehl tells us.
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.
The following general concepts about...
READ MORE
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,...
READ MORE
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
Pages
Most Popular
