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Information & Insights for the 403(b) Community
Retirement Planning Needs of Private- and Public-Sector Employees More Similar Than Different
Retirement Planning Needs of Private- and Public-Sector Employees More Similar Than Different
Yes, public employees are more likely to have pensions, but some do not get Social Security, and health care costs are increasing for everyone.
Contribution Limits Unchanged for 2021
Most contribution and benefit limits for employer-sponsored plans remain unchanged for 2021, according to the IRS.
Ask the Experts
Delay of Initial e-Disclosure Notice
“I understand that the Department of Labor [DOL] recently announced that the one-time paper initial notice necessary to implement its new safe harbor on e-disclosure can be deferred due to COVID-19. Does that mean that I can just start sending covered documents electronically if I otherwise follow the new safe harbor?”
IRS Issues Guidance About Retirement Plan Accounts Transferred to Unclaimed Property Funds
A revenue ruling addresses income tax withholding and reporting, and a revenue procedure adds to the list of waivers of the 60-day rollover requirement.
COVID-19’s Effect on Retirement Savings Could Be Long-Lasting
Actions detrimental to employees’ long-term financial security have increased 50% since April, and illustrations show the effect of some of those actions on account balances at retirement.
Groom Law Group Selects Litigators for ERISA Practice
Groom Law Group, Chartered, has added two members to its ERISA [Employee Retirement Income Security Act] litigation and plan sponsor practices—Will Delany, principal, and Patrick DiCarlo, of counsel.
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