Products and Solutions
Section 404(c) is a historically misunderstood part of ERISA, with misconceptions rampant even before the 404(a)(5) participant fee disclosure regulations added to the confusion. In this week’s MarketBeat, Michael Webb addresses fundamental ERISA Section 404(c) issues every advisor should master.
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A client wants to protect her 403(b) from being counted as an asset for purposes of Medicaid and used to cover her husband’s nursing home costs. In this week’s Tech Talk, Ellie Lowder tells us whether there is any way to protect her 403(b).
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The revolution in technology that has transformed communication has changed the way business is conducted as well. And that can help you in managing your practice and making it grow. Join us for a conversation about technology in an NTSA webcast on Friday, Nov. 14 from noon to 1:00 p.m. ET, and...
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The Nutmeg State is looking for public comments on the feasibility of a state-sponsored retirement plan for all private sector employees. Connecticut State Comptroller Kevin Lembo (D) and State Treasurer Denise Nappier (D), who co-chair the Connecticut Retirement Security Board (CSRB) created...
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Experience, it is said, is the most difficult teacher, because she always gives the test before she gives the lesson. Every professional finds themselves at some point reflecting, “I wish I had” or “I wish I had never.” Join us for a complimentary webcast on Friday, Oct. 10 from noon to 12:50 p.m....
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Prospects for state and local employees’ financial security in retirement are better than that of their private-sector counterparts, according to a new paper from the National Association of Government Defined Contribution Administrators (NAGDCA). Nonetheless, the paper argues, steps still...
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You provided an employee with a 15-year catch-up last year, but you find out that the employee was not eligible for it. Do you just distribute it as 1099 2014 income? Is it considered an excess deferral under Code Section 402(g)? In this week's Tech Talk, Ellie Lowder provides the answers and...
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A school district decides to eliminate vendors and go to a single 403(b) plan provider. Can employees move the funds they have in the de-selected 403(b) plans to IRAs? Do the IRS regulations regarding this take into account that when an employer changes its pension plan, many times clients have the...
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If you receive a request for a loan from a participant who finished paying off a previous loan from his 403(b) four months ago, can you permit a $50,000 loan from the account since he has no outstanding loans in any plans of the employer? In Tech Talk, Ellie Lowder addresses what can be done in...
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Suppose you have a client who is a pastor and receives total income of $87,000, $42,000 of which has been designated as housing allowance. Can the church contribute $52,000 for him in 2014? In Tech Talk, Ellie Lowder tells us whether it can — and if it can’t, how much it can contribute beyond the...
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The IRS and the Department of Labor are actively encouraging lifetime income and enhancing retirement security. The most recent part of that effort is a final regulation the IRS released that permits longevity annuities in retirement plans and IRAs. But will this guidance actually change...
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The Department of Labor’s Employee Benefits Security Administration has announced that its ERISA Advisory Council will be examining issues and considerations related to facilitating lifetime retirement plan participation. In explaining its rationale for doing so, it cites the recent movement of...
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The Treasury Department issued a rule July 1 that essentially allows employees to convert part of their IRA or 401(k) balances into a longevity annuity. Under the rule, an IRA or 401(k) can allow participants to use $125,000 or up to 25 percent of their IRA or 401(k) — whichever is less — to buy a...
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That’s the specific — and implied — message of three experts offering their take on how to increase plan participation. TSA Consulting VP Steve Banks, Hendershot Financial Group’s Tom Hendershot and Teresa Ward, Retirement Plans VP at OppenheimerFunds, made their remarks to attendees at a June 23...
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Relying on the traditional methods for determining a client’s tolerance for risk can be risky in itself, according to Michael Kitces, speaking at the 2014 NTSA 403(b) Summit in Washington, D.C., on June 24. Kitces is a partner and director of research at the Pinnacle Advisory Group. Putting a...
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The federal government and U.S. workers agree that the Affordable Care Act (ACA) — a.k.a. Obamacare — will affect the timing of retirements. However, IFAwebnews reports that there’s a wide gap between what the government and many workers expect that effect to be, according to a survey conducted...
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Simplified investment platforms are becoming more common for 403(b) plans, and target date funds are among the most widespread investment options, according to the Plan Sponsor Council of America’s sixth annual 403(b) plan survey. The Principal Financial Group sponsored the study. Aaron Friedman...
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Can a 55 year old who retired three years before and who believes that he will not incur an IRS penalty on withdrawals from his 403(b) make them? Ellie Lowder has the answer in this week’s Tech Talk.
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More than 1,000 school districts will be joining those whose 403(b) and 457(b) services are administered by The OMNI Group, an independent third-party administrator whose services include retirement plan administration. This comes after U.S. Retirement Partners (USRP) acquired CPI Qualified Plan...
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The funded status of public- and private-sector pension plans is a classic example of bad news/good news. To wit: Some states’ pensions are in bad shape, but funding of public-sector pension plans overall is improving; corporate pensions’ funded status fell in April, but only very slightly. State...
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