Managing Your Practice
The DOL recently published its first serious guidance on supporting lifetime income with the publication of Field Assistance Bulletin 2015-2. In MarketBeat, Robert Toth discusses the guidance and why it is very necessary for the success of the qualified longevity annuity contracts as well as...
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A school district plans to make employees choose between receiving employer contributions to their 403(b)s or a health insurance benefit. In Tech Talk, Ellie Lowder tells us if that school district can do that.
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A client wants to transfer money from his 403(b) account to buy years of service in his state retirement system. In Tech Talk, Ellie Lowder tells whether he can.
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Major trade legislation that was signed into law on June 29, 2015 should be of interest to public school districts and the school resources officers they hire. In MarketBeat, Ellie Lowder discusses a substantial change that measure makes to the distribution rules applicable to those officers.
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Do not-for-profit entities that have 403(b) plans care more about outcomes than for-profit firms with 401(k) plans?Though the recent Plan Sponsor Council of America (PSCA) 2015 403(b) Plan Survey does not answer that question directly, there are indications that 403(b) plans may, in fact, be more...
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There has been no shortage of bad news for public pension systems from coast to coast. But the U.S. Census Bureau has just released some good news — the assets of state and local public pension systems grew in 2014.The report, “2014 Annual Survey of Public Pensions: State and Locally Administered...
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Robo-advisors may pose a threat to human advisors, but they also offer opportunities, Kent Schutte and Robert Young suggest in the newest NTSA podcast.Why are robo-advisors growing? Schutte, NTSA’s current president, and Young, the current president-elect, offer several explanations: they are a...
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During the first round of breakout sessions at the 2015 NTSA 403(b) Summit in Nashville, an expert panel led a lively and engaging discussion about the Department of Labor’s re-proposed fiduciary rule, and the potential impact on common business practices. In MarketBeat, Amy L. Simonson summarizes...
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You have a participant who consistently makes extra payments on a plan loan he took out. If the original loan was calculated with principal and interest amortized over the 5-year payback period, should you recalculate the remaining term of the loan? In Tech Talk, Ellie Lowder tells us.
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The Pushmi-Pullyu, a two-headed animal character from author Hugh Lofting’s Doctor Dolittle series of children’s books, does not actually exist. But the back-and-forth over the Department of Labor’s proposed fiduciary rule is enough to make one wonder if maybe they really do after all.July 21...
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The IRS has said that excess deferrals generally are caused by “misuse” of the 15+ years of service increased limit outlined in Internal Revenue Code Section 402(g)(7). In MarketBeat, Ellie Lowder provides some clarity on how it works.
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The local public school district has been remitting employee elective deferrals to the 403(b) plan every three months or so. In Tech Talk, Ellie Lowder discusses the timing the federal government requires for these deferrals.
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Although traditional IRAs can be opened with either rollovers or contributions, rollovers tend to be the most common source for new traditional IRAs — and account for the vast majority of those IRA openings, according to a new report.The Investment Company Institute (ICI), in The IRA Investor...
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A new study reaffirms a growing trend that most working Americans of all ages expect to work past the common retirement age of 65, and nearly half fear that they won’t be able to retire comfortably.Even so, large numbers of Americans aren’t talking to advisors about their financial future, the...
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Participant contributions and average account balances in 403(b)s grew in 2014, the Plan Sponsor Council of America (PSCA) reports in its 7th annual benchmarking survey of 403(b) plans.Participants contributed 6% of annual pay to their 403(b)s in 2014, up 0.2% from 2013. Much more dramatic was the...
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The public university retirement plan market can test one’s knowledge and experience. In MarketBeat, Michael Webb discusses five basic features of public university plans for those who may be unfamiliar with this important segment of the nonprofit retirement plan marketplace.
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.Your company is distributing required minimum distributions (RMDs). Does the 20% federal income tax withholding apply to all the amounts being distributed? In Tech Talk, Ellie Lowder tells us.
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States’ fiscal conditions are as varied as their topography: Some are in good shape, but others not so much, to put it mildly. But despite those differences, the states all share long-term challenges regarding public pension benefits, says a study by George Mason University’s Mercatus Center.“...
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What is the state of affairs regarding 403(b) plans? A recent study looked at certain aspects of the plans, including how the funds in those plans are invested.In “The BrightScope/ICI Defined Contribution Plan Profile: A Close Look at ERISA 403(b) Plans,” BrightScope and the Investment Company...
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At the 2015 NTSA 403(b) Summit, executives from small, medium and large practices came together to share their best advice for growing businesses of all sizes. And despite the differences in their employers, all of them agreed that nothing matters in this business without a strong reputation.D....
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