Workers Should Be Saving More Than Their ParentsThe Center for
American Progress contends millions of Americans are in danger of not having
enough money to maintain their standard of living in retirement, and the
problem is getting worse over time.Read more > |
PLANSPONSOR Service Star AwardsToday, PLANSPONSOR is pleased to announce the
inaugural winners of its new Service Star award program, recognizing individual
retirement plan account reps and relationship managers who have, based on
descriptions provided by plan sponsor clients, demonstrated exemplary service
over the past year.Read more > |
New Fund Series Helps Sponsors with TDF SelectionGreenspring Wealth Management has launched the
Target Date (k)larity fund series, aimed at supporting the fiduciary needs of
retirement plan sponsors and participants.Read more > |
Holistic Attack on Retirement ProblemDave Ramsey’s SmartDollar program for plan
sponsors and advisers takes a holistic approach to retirement education,
focusing on behavior and teaching people the basics.Read more > |
Ask the Experts – Forcing RMDs“There
are several individuals who are no longer working for us, are over age 70 ½,
and have never taken their required minimum distributions (RMDs). Despite the
best efforts of the vendor and our staff to facilitate RMDs for these
individuals, they have been unresponsive, failing to inform us if they are
satisfying the distribution requirement via another 403(b) account or to
request a distribution. Note that these are NOT lost or deceased
participants—my theory is that they simply do not wish to bother with the
paperwork and do not realize the potentially severe tax consequences of their
actions. Can we amend the plan to force minimum distributions to individuals who
fail to respond?”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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