Practice Management
The world has been upside down for a year now. Life is creeping back to a semblance of normal, but there are challenges in reopening—which affects the manner in which retirement professionals can contact educators. A panel of experts at a session of the NTSA Winter Virtual conference offered their...
READ MORE
“We believe strongly that employers should have choice” regarding retirement saving options, said NTSA Executive Director Mark Luckinbill as he opened the NTSA Winter Virtual Conference on Feb. 23. “We are champions of choice.”
The year 2020 was “incredibly challenging,” Luckinbill said. He noted...
READ MORE
American Retirement Association CEO Brian Graff and a panel of industry experts offered their insights on Feb. 23 on the state of things for the industry regarding activity on Capitol Hill, as well as in the federal regulatory agencies. They made their remarks as part of the NTSA Winter Virtual...
READ MORE
Tech Talk addresses whether a participant that takes withdrawals from a Roth account would pay the income tax on them.
READ MORE
In MarketBeat, John Iekel writes about a blog entry in which Winston & Strawn LLP partners Nancy Gerrie and Joanna Kerpen warn that what fiduciaries and committees do—and don’t do—are subject to greater scrutiny now, and discuss what plan fiduciaries can do to exercise prudence in governing a...
READ MORE
One of the incentives for adopting and participating in an employer-sponsored qualified plan are tax benefits for employees and employers. A Feb. 9 webinar focused on tax credits for small employers that adopt plans and for participants with modest incomes.
In “Working with Qualified Plans Can...
READ MORE
In MarketBeat, John Iekel writes about ORES Working Paper “Improving the Measurement of Retirement Income of the Aged Population,” in which Irena Dushi and Brad Trenkamp, respectively an economist and policy analyst with the Social Security Administration, study how that data may be made more...
READ MORE
On Dec. 18, 2020, the (Trump) Department of Labor (DOL) released Prohibited Transaction Exemption (PTE) 2020-02, “Improving Investment Advice for Workers & Retirees.” Among other things, PTE 2020-02 radically “reinterpreted” (and broadened) the five-part test under DOL’s 1975 regulation...
READ MORE
Legislation before the House Ways & Means Committee plans to help pay for a multiemployer plan bailout by utilizing a budget “gimmick” that would freeze retirement plan contribution limits—though not for collectively bargained plans.
More specifically, the Butch Lewis Emergency Pension Plan...
READ MORE
In Segment III of the 22nd Series of the NTSA WOWcasts, NTSA Past President Randy Aranowitz interviews 2018 NTSA Past President Tamara Indianer. They discuss volunteerism and what the NTSA means to her.
In Segment I, NTSA Past President Randy Aranowitz interviews 2018 NTSA Past President Tamara...
READ MORE
A full-service third party administrator is a type of TPA that provides comprehensive plan administration services for 403(b) plans including:
Common remitter services
Recordkeeping services
Overall compliance at the plan level regarding loans, hardship withdrawals, tracking suspensions and...
READ MORE
ow) could the E-Delivery Rule open the door to cyber security/participant data suits?
The Department of Labor (DOL) has simplified the delivery of retirement plan information to participants through its new Electronic Disclosure Rule (the E-Delivery Rule). Although the E-Delivery Rule promises to...
READ MORE
Hello again NTSA members, partners and sponsors. We’re just three weeks away from our Winter Virtual Event—and with a new administration in place, and a new (and largely unanticipated) shift in Congress, this is the perfect time for this crucial update on retirement policy and what we might expect...
READ MORE
An indirect rollover occurs when a participant receives the distribution of their interest under a retirement plan and then, within 60 days, redeposits all or some portion of the amount of the distribution into another eligible retirement plan.
Because the amount was paid directly to the...
READ MORE
In Segment II of the 22nd Series of the NTSA WOWcasts, NTSA Past President Randy Aranowitz interviews 2018 NTSA Past President Tamara Indianer. They discuss the pandemic, business transactions and assistant programs.
In Segment I, NTSA Past President Randy Aranowitz interviews 2018 NTSA Past...
READ MORE
The Department of Labor has indicated, at least in one case, that it will allow defined contribution plans to offer indirect investment in private equities. In MarketBeat, John Iekel writes about a recent blog entry that offers food for thought regarding private equity and considerations concerning...
READ MORE
Along with the swearing in of President Joe Biden this week, three new senators were sworn in as well, swinging control of the Senate to the Democrats, along with the ability to control the agenda.
Newly elected Democrats Raphael Warnock and Jon Ossoff were officially sworn in Jan. 20, following...
READ MORE
Here are the most important approaches I have taken in response to the COVID-19 pandemic.
1) We immediately reached out to every client personally. This required three of us to send about 10 emails per day (30 per day) to our top clients requesting a phone call or Zoom meeting. This was done in...
READ MORE
In Segment I of the 22nd Series of the NTSA WOWcasts, NTSA Past President Randy Aranowitz interviews 2018 NTSA Past President Tamara Indianer. They discuss her background, running a regional office and her personal practice.
READ MORE
Recent DOL guidance on missing participants seems to fall short of what plan fiduciaries want/need—but may offer fiduciaries some key insights to avoid future problems.
On Jan. 12, 2021, the Department of Labor (DOL) released a triple dose of guidance related to helping retirement plan fiduciaries...
READ MORE
Pages
Most Popular
