A 403(b) plan is very similar to a 401(k) in the tax advantages it offers for retirement savings, but for different groups of employees—public education organizations, some nonprofit employers (501(c)(3) organizations),cooperative hospital service organizations, and self-employed ministers.
In recent months, the Internal Revenue Service (IRS) has taken steps to tighten up the administrative requirements for these programs, in the process, not only bringing about a great deal of change for these plans, but also a greater need for involvement in plan administration by the plan sponsors—and a greater need for advisers to help them deal effectively in this new environment.
May 21, 2013
(b)lines Ask the Experts – Best Method for Loan Repayments
(b)lines Ask the Experts – Best Method for Loan Repayments
PS
news@plansponsor.com
May 21, 2013 (PLANSPONSOR (b)lines ) – “We are adding a loan provision to our 403(b) plan and are adopting a loan policy as you suggested in a recent Q&A.
“However, we are undecided as to whether loans
May 16, 2013
Bill Addresses Issues with Church Retirement Plans
Bill Addresses Issues with Church Retirement Plans
May 16, 2013 (PLANSPONSOR.com) – Two U.S. senators have introduced a bill in Congress to ensure retirement security to members of the clergy, church lay workers and their families.
Kevin McGuinness
editors@plansponsor.com
Senators Ben Cardin (D
May 14, 2013
(b)lines Ask the Experts – Locating Beneficiaries
(b)lines Ask the Experts – Locating Beneficiaries
PS
news@plansponsor.com
May 14, 2013 (PLANSPONSOR (b)lines ) – “Must we make every effort to locate the beneficiary of a deceased participant so that the account is properly transferred/distributed to him/her?
“I read with great interest
May 10, 2013
Deadline to Preserve Tax-Exempt Status Nears
Deadline to Preserve Tax-Exempt Status Nears
May 10, 2013 (PLANSPONSOR.com) – Many tax-exempt organizations that are required by law to file annual reports with the Internal Revenue Service (IRS) must do so by May 15 or risk having their exemptions revoked.
Kevin McGuinness
editors@plansponsor.com