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 SuitThe 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 AnswersIn 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 LeaderTSA Consulting Group (TSACG) announced the
promotion of Sherry Marcolongo to director of Corporate Communications.Read more > |
Timely Depositing Deferrals During the HolidaysIn 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 > |
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ASK THE EXPERTS
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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
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