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Do you know an advisor who is one of the best of the best? If so, you can nominate one for recognition as one of the elite — nominations are open for the 2019 NTSA Elite Advisor Award.So far, the NTSA has named 26 members to Elite Advisor status since the award began in 2014. For information on...
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In Tech Talk, Susan Diehl tells us whether a non-QCCO sponsored 403(b) or an ERISA 403(b) can have an age and service requirement for employer contributions.
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The NTSA will celebrate its 30th anniversary during the Summit Conference in Tampa, FL Jan. 27-29, 2019, and will honor its past, present and future.I have been actively involved with NTSA for 28 years. The long list of past presidents, technical experts and other leaders have set the foundation...
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A measure creating a voluntary statewide defined contribuition plan in Illinois is now on the books. Gov. Bruce Rauner (R) signed HB 5137 into law on Aug. 10; Public Act 100-0769 went into effect immediately.The new law amends the Downstate Teacher Article and the State Universities Article of the...
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The law firm of Schlichter, Bogard & Denton has added another claim based on a revenue-sharing arrangement it uncovered during discovery related to an excessive fee suit.
The suit, the second filed against plan fiduciaries at Duke University on behalf of plaintiffs Kathi Lucas, Jorge Lopez and...
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Retirement plans do not exist in an ERISA “bubble,” and the SEC’s proposed Rule 30e-3 3 which it issued this past June will fundamentally rework the manner in which mutual fund prospectuses, proxy material and other fund reports are delivered to shareholders. In MarketBeat, Robert Toth argues that...
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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...
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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....
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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...
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In Tech Talk, Susan Diehl addresses whether, under the 403(b) universal availability requirement, an employee qualifies for elective deferrals in the current year under certain circumstances.
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Do you know an NTSA Advisor who is among the ‘best of the best?’Nominations are now being accepted for the 2019 Elite Advisor Award, which will be presented at the 2019 NTSA Summit - 30th Anniversary, Jan. 27-29, 2019 at the Westin Tampa Waterside in Tampa, FL.To be eligible to participate in the...
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In Tech Talk, Susan Diehl offers her take on the application of the 403(b) universal availability requirement given a specific set of circumstances.
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Another 403(b) excessive fee suit has had its day in court — and walked away empty-handed.This time it was a suit brought by participants in plans of New York University (NYU). It was one of the first excessive fee suits filed against university 403(b) plans by the law firm of Schlichter, Bogard...
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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...
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In Tech Talk, Susan Diehl addresses whether a church that sponsors a “steeple church” plan will also be the sponsor of a plan that covers non-QCCO pre-school employees, and what that portends.
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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...
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Why do the instructions to Form 1099-R not include the distribution of excess deferrals from a governmental 457(b) plan? Would adjusting the Form W-2 be a suitable option? In Tech Talk, Susan Diehl tells us.
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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...
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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....
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Nominations are now being accepted for the National Tax-Deferred Savings Association (NTSA) 2019 Leadership Council (LC). At-Large LC members serve for one term of three calendar years.Please immediately email NTSA member Nominator and Nominee full contact information to NTSA staff, Elizabeth Duda...
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