Technical Competence

If a full-time employee who participated in employer contributions and employee deferrals to the 403(b) plan for several years separates from service for three years, and returns but works less than 20 hours per week on average and works less than 1,000 hours for the year, how should matching or... READ MORE

While the Bipartisan Budget Act of 2018 modified the safe harbor rules for hardship withdrawals starting in the 2019 plan year, the extent to which these modifications will impact 403(b) plans is still subject to open to interpretation. In MarketBeat, Linda Segal Blinn discusses the Act, its... READ MORE

In Tech Talk, Susan Diehl offers her take on the application of the 403(b) universal availability requirement given a specific set of circumstances. READ MORE

Legislation has been introduced in the U.S. Senate that would give any worker not currently covered by an employer-sponsored retirement plan access to a new type of retirement savings account. And the funds from them could be rolled into 403(b)s. The American Savings Act, first introduced in... READ MORE

A number of claims were dismissed in a university 403(b) excessive fee suit – but the “wins” appear to have been mostly by forfeit.  The plaintiffs might well have seen a negative result coming when Chief Judge William E. Smith began by referring to theirs as “one of many, look-alike lawsuits1... READ MORE

What happens in Washington and in the states affects not only retirement plans collectively, but also the plans central to the work of the NTSA and its members and those whom they serve. In the NTSA Summer 2018 Advocacy Update, broadcast on July 11, American Retirement Association Government... READ MORE

What can or must be done to reconcile the assets of missing retirement plan participants is subjective. In MarketBeat, Barbara Webb writes that state law treatment of such situations varies; in addition, the distinction between non-ERISA and ERISA plans makes a difference. READ MORE

Editor’s Note: ERISA Tips is a feature provided with you in mind — to make the newsletter more useful to you! If you have any content for ERISA Tips or the 403(b) Advisor that you would like to contribute or suggest, please contact John Iekel, editor of the 403(b) Advisor, at jiekel@usaretirement.... READ MORE

Typically sometime late each year or very early in a tax year, the IRS issues their updates to the Form 1099R, the Form 5498 and the general instructions for both forms for the current year. June 2018 has come and gone, and we are still waiting for most of the reporting guidance for 2018.On June 28... READ MORE