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PLANSPONSOR BLINESs LOGO October 15th, 2024
Information & Insights for the 403(b) Community
Many Taxpayers Dodged Penalty Tax for Early Retirement Withdrawals
Many Taxpayers Dodged Penalty Tax for Early Retirement Withdrawals
The Treasury Department’s inspector general found that about 3.1 million taxpayers who took early retirement distributions did not pay the mandatory 10% tax penalty or claim an exception.
Argent Trust Co. Petitions for Supreme Court to Provide Guidance on ERISA Arbitration
The Supreme Court has previously declined to review appeals courts’ decisions that held arbitration provisions unenforceable.
Ask the Experts
How Do New Long-Term, Part-Time Rules Apply to Student Employees in 403(b) Plans?
Q: We are a private university that sponsors an ERISA 403(b) retirement plan. We are a bit concerned with the new Long-Term Part-Time Employee rules that will apply to 403(b) plans, beginning in 2025, as we currently exclude student employees (under the current student employee classification exclusion in section 403(b)(12)(A) of the Internal Revenue Code) from participating in our 403(b) plan for all purposes. If eligibility as an ERISA LTPT employee will now need to be tracked for such students, it will present a significant administrative burden for our institution, never mind the fact that we currently have no operational mechanism for such student employees to make elective deferrals into the 403(b) plan. Will the new rules require us to allow any student employee to defer to the 403(b) plan?
What Does Inflation’s New Normal Mean for Public Pension Funds?
Analysts consider how funds can afford cost-of-living adjustments to address the buying-power erosion that slow and steady cost increases can have on benefits.
Deadline Extended for Participating in the 2024 PLANSPONSOR DC Survey 
Plan sponsors have until November 8 to complete the survey that can help them learn how their retirement plan stacks up against others in the same industry.
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