Plan Participants
There are many pieces to the puzzle that is retirement security. In MarketBeat, John Iekel discusses the suggestion of a benefits institute that one of them is the behavior of plan participants and that working with, and influencing, that can help put pieces in place.
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The times they are a-changin’. At an exciting — and, perhaps in some ways terrifying — pace. But in order to compete, one must embrace and employ the dazzling attributes and developments of our dizzying age.
Joey Coleman, Chief Experience Composer of the Design Symphony recently shared his insights...
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Having a retirement plan and a commitment to facilitating employees’ saving for their retirement is important. In MarketBeat, John Iekel discusses a recent blog entry that argues that the good that accomplishes can be blunted if the employer and the plan administrators don’t communicate about the...
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Sometimes whether news is good or bad depends on one’s perspective. Case in point: the Government Accountability Office (GAO) has updated its 2015 report on retirement security and savings in households headed by people approaching retirement age. The updated report contains fodder for optimists...
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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.
It is important to note that ERISA...
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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...
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It’s no surprise to those in the investment industry that the increasing life expectancy of Americans has put some pressure on defined benefit plans because they are being required to pay out more in benefits than was originally anticipated by the actuaries. In an attempt to protect their plans and...
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“After vigorous advocacy and negotiation,” the parties in a 403(b) university excessive fee suit have come to terms.
The settlement – stuck between participant-plaintiffs Diane G. Short, Judith Daviau and Joseph Barboza and Brown University – consists of a $3.5 million cash payment and “other,...
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Baby boomers, a generation spanning the better part of two decades, has members who are retired, but plenty of members who are in the workforce and will be for years to come. And a recently released report on financial security and aging suggests that may be a good thing.
In “Seeing Our Way to...
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The IRS has issued tables concerning covered compensation under Internal Revenue Code Section 401(l)(5)(E) and Treas. Reg. §1.401(l)-1. The data is contained in Revenue Ruling 2019-6.
These tables provide information on covered compensation based on calendar year of birth and Social Security...
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We have more access — and easier access — to information than at any time in human history. In MarketBeat, John Iekel discusses a recent blog entry that argues that a good fiduciary can identify which information will most affect clients and their accounts.
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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....
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President Trump’s fiscal year 2020 budget addresses the Administration’s high-priority items, such as increased spending for national security, but it doesn’t include much about retirement.
Released by the White House’s Office of Management and Budget on March 11, the proposal – dubbed “A Budget...
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The IRS announced on March 7 that victims of the severe storms, tornadoes and straight-line winds that took place on March 3, 2019 in Alabama may qualify for some forms of tax relief.
Where and to Whom it Applies
The relief applies to:
individuals who reside or have a business in Lee County,...
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Some plan sponsors and administrators “stretch the match” as a way to increase participants’ contributions to their retirement savings accounts. Does the strategy work? A recently released study seeks to find out.
Stretching the match is a practice in which an employer sets a higher employee...
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Legislation introduced Feb. 28 by Sen. Charles Grassley (R-IA) includes provisions that concern the use of funds from retirement plans to address losses and circumstances facing account holders after disasters take place.
The use of retirement plan funds is really one area the bill, The Tax...
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Democrats in both houses of Congress have introduced legislation that will tax financial transactions.
"It's called the Wall Street Tax Act, but it's really a Main Street savings attack," said Brian Graff, CEO of the American Retirement Association.
The Wall Street Tax Act would impose a...
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Recently, I was walking some clients to the door and as they were walking away I overheard something special. The woman remarked to her husband, “I always feel better coming in here.” I’ve long wondered what exactly it is that I do during meetings that makes people want to remain clients. I feel...
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Looking to expand your client base? Then you better be familiar with the unique mindset and preferences of Millennials as a generation ripe for guidance and engagement, says a new report.
Coming of age in the wake of 9/11, the 2008 market crash and the Great Recession, Millennials’ financial...
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Recent research shows that retirement plan participants are among those who prefer communication that is not riddled with jargon and “inside” terms that are familiar to plan providers, sponsors and administrators but mean little to those whom the plans serve. In MarketBeat, John Iekel discusses a...
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