Helping Different Generations Get Retirement ReadyHow late is too late?
At some point, under-saving participants reach an age when starting to aim for
retirement readiness—such as that 80% income replacement ratio—is just
unrealistic.Read more > |
Ideas to Stop Early WithdrawalsThe goal of a
workplace-based retirement plan is to have plan participants accumulate enough
assets for retirement. However, through loans or hardship withdrawal
provisions, money can be taken out of the plan before participants reach
retirement age.Read more > |
Portfolio Maintenance in Volatile MarketsRetirement savers are
often presented with a simple message about portfolio allocations: Rebalance
regularly. This is not always easy in practice, though, especially when
volatile markets create fears that complicate decisionmaking.Read more > |
Going from No HCEs to Having HCEs“I
have worked with a small private tax-exempt that, since its inception many
years ago, has had no concerns regarding nondiscrimination testing for its
403(b) plan, since it employed zero highly compensated employees (HCEs). However
the organization is growing, and, given the most recent raise for the executive
director, she is expected to exceed (barely) the HCE compensation threshold for
2015. Is there a transitional period to pass testing? The plan utilizes a
non-safe harbor match that would likely fail ACP testing, I suspect that they
would be reluctant to change a plan design that they have enjoyed for many
years, for financial and other reasons.”Read more > |
Industry Voice: Overcoming Benefit ReductionsA Center for Local Government Excellence report about reductions in state pension benefits should motivate employers to help employees participate more fully in their 403(b) and deferred compensation 457(b) plans so they can comfortably retire at normal retirement ages.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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