A newly filed challenge to St. Joseph Health Services of Rhode Island’s retirement plan claims the plan at some point failed to be a church plan, and entities administering or associated with the plan hid this to keep from adhering to funding rules as defined by the Employee Retirement Income Security Act (ERISA). The legislation helps protect defendants who settle lawsuits from claims from co-defendants.Read more >
Reviewing a participant’s financial health involves more than just deploying the latest retirement readiness tools.Read more >
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Retirement Group will field your
questions concerning 403(b) plans
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Ask the Experts
In a brief supporting a motion to dismiss a case against George Washington University related to the management of its 403(b) plan, the defendants note that 403(b)s have always looked differently and were set up for a different purpose than 401(k) plans.Read more >
Four in ten Americans (40%) admit that they have tapped into their savings to pay for something that they really want, but didn’t absolutely need.Read more >
Under the restricted determination letter program created by IRS Revenue Procedure 2016-37, a plan can now request a determination letter only in very limited circumstances; attorneys with Groom Law Group are calling for a new expansion of the program.Read more >
Principal Financial Group has introduced two new products for small and mid-sized businesses and tax-exempt organizations to make it easier for them to offer retirement plans.Read more >
Transamerica announced the availability of a new stable value general account option for retirement plans. The Transamerica Guaranteed Investment Option is available to most large market retirement plans administered by Transamerica, including 401(k), 403(b), and 457 plans.Read more >
