Technical Competence

You have a client that reads IRS guidance as indicating that the relief the IRS provides for those in areas where the federal government has declared a disaster includes being able to postpone payments and grace periods of 403(b) and 457 loans. In Tech Talk, Susan Diehl tells us if that is correct. READ MORE

Hurricanes, epic floods, wildfires… we seem to be awash in natural disasters. They pose many dangers and risks, including the threat they can pose to a retirement plan — and, ultimately, its participants and their dependents.There are steps that plans, employers, service providers and... READ MORE

The IRS has taken action to address more than 700 erroneous extension request approvals it issued recently.Approximately 710 of the approvals the IRS Ogden office sent concerning Forms 5558 which had been filed concerning this year’s filing date contained erroneous information for the taxpayers who... READ MORE

On Sept. 1, the Texas Teacher Retirement System (TRS) Board reviewed the impact of the proposed 403(b) rule amendments on existing products available throughout the Texas School Districts.The impact analysis presentation included a review of fees, cost and penalties, timing, grandfathering,... READ MORE

OregonSaves, the Oregon Retirement Savings Program, has invited additional Oregon employers to register for its pilot program.OregonSaves reports that it has invited more than 40 additional employers to do so. By June 20, 11 employers had registered. OregonSaves says that brings the total potential... READ MORE

The Oregon Treasury has unveiled a proposal to modify the Oregon State Retirement Program (ORSP).The proposal would create new rules and modify existing rules for the ORSP. Specifically, the rules: clarify the definitions in certain joint employment relationships; allow for non-payroll... READ MORE

Less than 24 hours after the American Retirement Association requested it, the IRS has granted relief to taxpayers affected by Hurricane Harvey.he relief provided in IRS Announcement 2017-11 matches what the American Retirement Association, parent of the National Association of Plan Advisors, had... READ MORE

If the plan document says employees can exchange or transfer 457 funds from one approved provider to another, is that the final word? In Tech Talk, Susan Diehl tells us. READ MORE

The Office of Management and Budget (OMB) has made a quick response to the Labor Department’s request for a delay in the full BIC applicability date.In an update posted on the OMB site on August 28, the concluded action is noted as “Consistent With Change.” The OMB review, which frequently takes as... READ MORE