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November 17th, 2015 |
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ASK THE EXPERTS
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| Retirement plan sponsors and advisers will need to revamp education for
participants to reflect changes in Social Security claiming strategies.Read more > |
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| Retirement Realities Drive Social Security Decisions for WomenEighty-two percent of
retired women currently collecting Social Security benefits took them early, to
a Nationwide Retirement Institute survey.Read more > | DOL Releases Guidance About State-Run PlansThe U.S. Department of Labor (DOL) has published
a notice of proposed rulemaking and an interpretive bulletin meant to guide
states as they create programs to help people without access to retirement
plans at work save and invest for their long-term future.Read more > | Correction for Mandatory Contribution Failures“Our
403(b) plan has an employee mandatory contribution feature that is a condition
of employment. We recently changed payroll systems, which resulted in a failure
to withhold mandatory contributions from several employee paychecks until the
error was discovered. I looked to the Internal Revenue Service (IRS) guidance
about the Employee Plans Compliance Resolution System (EPCRS), but there
appears to be no mention of employee mandatory contributions in EPCRS at all.
Am I missing something?”Read more > | | David Levine and David
Powell, with Groom Law Group, and Michael A. Webb, vice
president, Retirement Plan Services, Cammack Retirement Group, will field your questions
concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be
printed in future (b)lines. This feature is to provide general
information only, does not constitute legal advice, and cannot be used or
substituted for legal or tax advice. |
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