Practice Management
Tech Talk addresses how the deadline for the timely adoption of an amendment for a pre-approved plan that is not a governmental plan is determined.
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Tech Talk addresses whether when one defaults on a loan taken from a 403(b), one can later take another.
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In prepared testimony to the Department of Labor's (DOL) leadership and staff, American Retirement Association (ARA) CEO Brian Graff highlighted “the significant regulatory gap” regarding plan-level advice on Dec. 12.
Graff’s comments—made in support of the DOL’s latest attempt to modernize the...
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Happy Birthday, ERISA!
It’s been 50 years since the Congress passed landmark legislation that protected the savings of American workers and—arguably—created an entire industry. It’s now time for the golden anniversary.
The American Retirement Association announced that it and eight associations...
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While contribution levels have remained consistent, a troubling trend is that many individuals increasingly have been tapping their retirement savings through hardship withdrawals or loans.
This is according to the latest data from Fidelity Investments’ Q3 2023 retirement analysis, which shows...
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Many 403(b) plans are sponsored by single employers, but that could change. A recent report by the Congressional Research Service (CRS) discusses legislation that has—and could—change the rules governing them.
In “403(b) Pension Plans: Overview and Legislative Developments,” the CRS provides a...
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Providing retirement benefits is a dynamic function, and in an age of accelerating technological transformation that requires reinvention of products and services. In MarketBeat, John Iekel writes about an expert panel whose members shared some of their experiences in that vein.
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As a financial advisor to educators, are you ready for the Great Wealth Transfer?
As trillions of dollars transfer from baby boomers to the next generations over the coming decades, many advisors fear seeing their managed assets slip from their grasp as clients’ beneficiaries take their money...
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How does one perform the high-wire act of balancing professional boundaries with clients while still managing a business? That was one of the matters addressed during a session of the 2023 TPA Growth Summit inside the 2023 ASPPA Annual Conference, writes Joey Santos-Jones in MarketBeat.
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Tech Talk addresses what fiduciary liability insurance is and what it covers.
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Ok fine, I will admit it…I was wrong.
I have been known for saying “I have only been wrong once in my life, but that was only when I thought I was mistaken.” But last week I read an article titled: “To Err Is Human—To Correct, Divine.” Those of you who know me understand that I make mistake...
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A panel at the Oct. 22 opening session of the 2023 ASPPA Annual Conference noted that there is legislation that would allow 403(b) plans to offer CITs and separate account insurance contracts as investment options.
Panel members were Brian Graff, American Retirement Association (ARA) CEO; Will...
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Tech Talk looks at common mistakes identified in internal audits.
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There’s an oft-repeated line from that 1967 classic movie “Cool Hand Luke” about a “failure to communicate,” writes Nevin E. Adams. JD in MarketBeat. He continues that there are literal barriers in terms of language, of course—but all too often there also barriers built of different life...
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Editor’s Note: This is the second in a two-part series about service providers’ audits of clients and their plans. The first is here.
Audits may be a frightening and painful experience from the perspective of plan administrators and plan sponsors. But what does it look like from the auditor’s...
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One of the most important—yet confusing—tasks a public school district has when sponsoring a 403(b) plan is understanding its administrative responsibilities and the best practices used to serve as a good steward of these plans.
ERISA or Not?
When determining your organization’s responsibilities...
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The IRS has updated the information it makes available concerning its voluntary compliance program (VCP). It issued the reminders in the Sept. 29 edition of Employee Plans News.
Check Status
The IRS reminds taxpayers that they can check the status of any submissions they have made under the VCP...
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Tech Talk discusses what an employer that offers a 403(b) plan should consider regarding offering a student loan matching contribution program.
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The Student Loan Payment Matching Contribution provision in SECURE 2.0 is one of the most asked-about new features in the law. This is particularly true among our public education clients who are looking for ways to attract and retain teachers, which continues to be a problem for districts...
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Registration is open for the 2024 NTSA Summit! The conference—Feb. 25-27 in San Diego, CA—is the only industry event designed for 403(b) and 457(b) professionals. But that’s not all! It will include:
Tailored general sessions, workshops, and up to 12 continuing education (CE) credits
A...
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