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October 12th, 2018 |
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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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Americans, Even Those Already Retired, Could Do More to Secure Their Financial FutureDebt affects many retired Americans and fear of the stock market is affecting those not yet retired, a survey finds.Read more > | Money Personalities Can Inform Financial Wellness Program DecisionsPwC has identified findings about money personalities and behaviors that can influence how employers tailor their approach to financial wellness programs.Read more > | Following Retirement Plan Rules When a Part-Time Employee Is Hired Full-TimeWhen an employer decides to hire full-time that part-time or seasonal employee, he is not treated as a new hire in every way. As far as enrollment materials and disclosures for retirement plans, the employee should receive the same materials as any new hire, but when it comes to calculating eligibility and vesting, hopefully the employer has kept records of past service.Read more > | DOL Pressure on Missing Participants Propels New SolutionAccording to Mark Koeppen, senior vice president in charge of strategic rollovers for FPS Trust, disproportionate cost-shifting to accounts with higher balances and increased liability are just some of the issues fiduciaries face when employees move on to other opportunities and leave their qualified retirement plan balances behind. Sensing an opportunity to better serve plan sponsors facing this challenge, FPS Trust has designed a fully automated rollover program that will establish individual retirement accounts (IRAs) for former, non-responsive employees with qualifying balances below $5,000. The solution is also tailored for terminating plans with non-responsive participants.Read more > |
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