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December 16th, 2014

Nonprofits Could Do More to Encourage Savings

Despite concerns about employees saving enough for retirement, few nonprofit 403(b) plan sponsors use targeted education or offer financial wellness programs, a survey finds.Read more >

Pressure to Retire Leads to Age Bias Suit

The Equal Employment Opportunity Commission (EEOC) says a Washington, D.C.-based nonprofit fired two employees because of their age after repeatedly pressuring them to retire.Read more >

DCIIA Offers Longevity Annuity Rules Answers

In its newly released document, “Qualifying Longevity Annuity Contracts: Answers to Frequently Asked Questions (FAQs),” the Defined Contribution Institutional Investment Association (DCIIA) provides insight into recently announced regulations that make longevity annuities accessible to the defined contribution (DC) and individual retirement account (IRA) markets.Read more >

TSA Consulting Names 403(b) Education Leader

TSA Consulting Group (TSACG) announced the promotion of Sherry Marcolongo to director of Corporate Communications.Read more >

Timely Depositing Deferrals During the Holidays

In 2011, a reader asked: “We maintain an ERISA-covered 403(b) plan. Our bi-weekly payroll cycle is scheduled to end on Friday, December 23, 2011.Because of the timing of the Christmas holiday and our standard policy of shutting down our organization for the week between Christmas and the new year, we will be paying our employees on Thursday the 22nd with our offices closed on the 23rd. We will withhold 403(b) elective deferrals from these paychecks. If we deposit the deferrals on Tuesday the 2nd of January, will these deposits be timely?”Read more >
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: advertise@strategic-i.com

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