December 18th, 2018
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
December 17th, 2018
A university spokesperson told Yale News that the changes to the retirement plan were not in response to ongoing litigation.
December 12th, 2018
The median account balance for K-12 educators surveyed who work with a financial professional is $40,000 versus $21,000 for those who do not work with a financial professional, and 88% are confident in having a plan for retirement in place.
December 11th, 2018
“I understand that under the new proposed hardship regulations a participant will no longer be required to take all available loans from the retirement plans that we sponsor.
December 6th, 2018
Industry comment letters argued that many 403(b) plan sponsors were unaware of the rule that once a part-time employee is eligible to make elective deferrals, he cannot be excluded from the plan in subsequent years.
December 5th, 2018
The docket reports for two lawsuits filed against the university say counsel for the plaintiffs and counsel for the university have reported the cases settled.
December 4th, 2018
“Certain distributions from our retirement program may only be made in the event to ‘severance from employment.’
November 27th, 2018
K-12 public school 403(b) plans haven’t changed as much as plans in other 403(b) market segments—mostly keeping the multiple-provider model—so they require unique recordkeeping solutions.
November 20th, 2018
“I work with a plan sponsor at a private high school.
November 13th, 2018
Research published by NTSA also finds a 203% increase in average contribution rates among plans providing access to 15 or more providers compared to plans with only one provider.
November 13th, 2018
“Our plan is a 403(b) plan that has elective deferrals AND a mandatory employee contribution that is a condition of employment and thus is excluded from the 402(g) limit on elective deferrals.
November 12th, 2018
If the proposed rules are finalized, there would be no more suspension of deferrals after a hardship withdrawal or requirement to take a loan before one.
November 6th, 2018
“What are the combined limits for someone whose employer has both a nonprofit and affiliated for-profit organization, where the individual works for both and participates in retirement plans sponsored by both organizations?”
October 30th, 2018
“One of our employees, who consistently defers the maximum to both our 403(b) retirement plan and 457(b) deferred compensation plans, wants to contribute additional funds to the plan and came to me with a proposal.
October 15th, 2018
A lawsuit alleges that the defendants failed to take advantage of the plans' bargaining power by only offering actively managed retail mutual funds as investment options.
October 9th, 2018
“I work with a higher education institution that is attempting to incentivize some of our faculty who have reached traditional retirement age to actually retire.
Data and Research
September 28th, 2018
More are using automatic plan features, fiduciary advisers and investment policy statements, PSCA finds.
September 27th, 2018
IPX is a modernization of traditional recordkeeping platforms that serve plans with multiple providers.
September 18th, 2018
“I work for a plan sponsor that maintains a 403(b) plan with annuity contracts.
September 11th, 2018
“I was recently hired to work with an entity that is a Native American Tribal Government. Can it sponsor a 403(b) plan?”