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Technical Competence

In June 2009, the National Tax Deferred Accounts Association (NTSA) organized and sponsored the first NTSA 403(b) Compliance Resolution Summit (Summit) to address the pervasive service issues in the 403(b) marketplace. Several 403(b) product providers (vendors), third party administrators (TPAs),... READ MORE
In MarketBeat, Nevin Adams discusses some things that he argues plan fiduciaries of any plan size should be aware, and of which responsible plan fiduciaries should have a working knowledge. READ MORE
Not all broker-dealers and investment advisers are adequately addressing the various security risks in relation to their network storage solutions, which could result in unauthorized access to information stored on the device, according to a new SEC Risk Alert.   During recent examinations, staff... READ MORE
In MarketBeat, John Iekel discusses a recent blog entry that focuses on whether or not to outsource, and outlines the advantages and disadvantages of decisions about how a retirement plan’s funds are to be invested. READ MORE
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. Internal Revenue Code Section 72(p)... READ MORE
If you’re like me, when I hear the word “networking,” I get a little nervous. It brings up visions of women frantically sticking their business cards in my face and giving me their elevator pitches at some organized luncheon. I prefer the terms, “connecting and collaborating”, because that is what... READ MORE
Since enactment of the Pension Protection Act in 2006, automaticity has been highly successful in improving retirement readiness. In MarketBeat, Ted Godbout writes about a new white paper that holds that new, highly personalized fintech advances may help drive retirement readiness to the next level... READ MORE
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. READ MORE
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... READ MORE
Two key members of Congress are interested in learning more about potential threats cyberattacks pose to the U.S. retirement system and what industry stakeholders are doing to address them. In a Feb. 12 letter to the U.S. Government Accountability Office (GAO), Sen. Patty Murray (D-WA), ranking... READ MORE
Consumers tend to worry about “high-touch” products, such as credit cards and bank accounts, more than they worry about long-term savings accounts, such as their workplace retirement plans and IRAs, a new study warns. Nearly 80% of American consumers are concerned about financial fraud, according... READ MORE
IRS has issued a draft of the instructions for the Form 5500-EZ to be used in reporting concerning 2018. The IRS has done so in order to provide information to filers; the draft instructions are not to be used for actual filing. What’s New The IRS notes that there are two changes in the form... READ MORE
Some things are inexorable. Seasons. Tides. And, argues a recent blog entry, plan litigation. But as with natural phenomena whose effects can be mitigated, the analysis suggests that lessons from the litigation that has taken place can benefit 401(k) and 403(b) plan fiduciaries in 2019. Litigation... READ MORE
Plan sponsors continue to add design features to increase participation and savings rates, such as the availability of Roth contributions, says a recent study. According to the 61st Annual Survey of Profit Sharing and 401(k) Plans from the Plan Sponsor Council of America (PSCA), part of the... READ MORE
The IRS on Nov. 29 issued a reminder in IR-2018-236 that the hardship withdrawal regulations that it issued earlier in November contain provisions that allow 401(k) plans and similar employer-sponsored retirement plans to make loans and hardship distributions to victims of Hurricane Michael and... READ MORE
House Republicans have released a wide-ranging tax package – including a number of retirement savings provisions – setting the stage for negotiations on a year-end tax package as the 115th Congress comes to a close. The main components of the package (the Retirement, Savings, and Other Tax Relief... READ MORE
The IRS has issued a draft of the Form 5500-EZ to be used in reporting concerning 2018. The IRS notes that there are two changes in the form since last year: The title of Form 5500-EZ has been changed to match the purpose of the form to include both a one-participant retirement plan and a foreign... READ MORE
Years ago, the watchword was that the IRS was making an effort to be kinder and gentler. Many may want to debate that, but the IRS does perform functions intended to be helpful — and a Nov. 14 NTSA webcast discussed one of them. In “IRS Audits: A Necessary Evil,” Ed Salyers, who was a longtime... READ MORE
The Department of Labor’s Employee Benefits Security Administration (EBSA), the IRS and the Pension Benefit Guaranty Corporation (PBGC) on Nov. 14 released advance copies of the Form 5500 Series forms to be used for 2018 reporting, as well as the related instructions. EBSA reports that the 2018... READ MORE
The 2018-2019 Treasury Priority Guidance Plan includes more than 60 regulatory projects relating to implementation of the Tax Cuts and Jobs Act that the agency intends to address in the coming year. Overall, the plan contains 239 guidance projects that will be the focus of efforts through June 30... READ MORE

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