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October 6th, 2015 |
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ASK THE EXPERTS
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| Most participants are interested in in-plan lifetime income
options, but just one in five plan sponsors say the same.Read more > |
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Fiduciary Fears Adding to Passive Investments TailwindPassive funds can be
compelling from a cost-of-investing perspective for Employee Retirement Income
Security Act (ERISA) fiduciaries, according to new research from Cerulli
Associates, but this does not mean they come without market and fiduciary risk.Read more > | Allowing In-Service MRDs“We
are a private university that sponsors two plans, a 401(a) defined contribution
plan for employer contributions and a 403(b) plan for employee contributions,
We permit in-service withdrawals from the 403(b), but not the 401(a). However,
several of our long-service professors have contacted us inquiring about the
possibility of amending our 401(a) plan to permit minimum required
distributions (MRDs) from the 401(a) plan while still employed, These
professors are older than age 70 ½ and have large retirement plan
accumulations; their rationale is that, if they commence their MRDs now, rather
than waiting until retirement, the annual MRD will be smaller, since it is
based on life expectancy. Can we amend our 401(a) plan to permit in-service
MRDs at age 70 ½?”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 will 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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