Ask the Experts | December 11th, 2018 (b)lines Ask the Experts – Requiring Participants to Take Loans Prior to Hardships “I understand that under the new proposed hardship regulations a participant will no longer be required to take all available...
Compliance | December 6th, 2018 IRS Provides Do-Over for 403(b) Plans Not Following Once-In-Always-In Condition Industry comment letters argued that many 403(b) plan sponsors were unaware of the rule that once a part-time employee is...
Compliance | December 5th, 2018 Duke University 403(b) Plan Lawsuits Reportedly Settled The docket reports for two lawsuits filed against the university say counsel for the plaintiffs and counsel for the university...
Ask the Experts | December 4th, 2018 (b)lines Ask the Experts – Defining ‘Severance From Employment’ for 403(b) Plan Distributions “Certain distributions from our retirement program may only be made in the event of ‘severance from employment.’
Administration | November 27th, 2018 K-12 403(b) Recordkeeping Requires a Number of Players 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...
Ask the Experts | November 20th, 2018 (b)lines Ask the Experts – 403(b) Treatment of Payment to Employee After Retirement “I work with a plan sponsor at a private high school.
Administration | November 13th, 2018 Study Finds Link Between Lower Participation and Fewer Choices in K-12 403(b) Plans Research published by NTSA also finds a 203% increase in average contribution rates among plans providing access to 15 or...
Ask the Experts | November 13th, 2018 (b)lines Ask the Experts – Suspending Mandatory 403(b) Contributions After a Hardship Withdrawal “Our plan is a 403(b) plan that has elective deferrals AND a mandatory employee contribution that is a condition of...
Compliance | November 12th, 2018 IRS Proposes Amendments to Hardship Withdrawal Regulations If the proposed rules are finalized, there would be no more suspension of deferrals after a hardship withdrawal or requirement...
Ask the Experts | November 6th, 2018 (b)lines Ask the Experts –Limits When Contributing to Both For-Profit and Nonprofit Retirement Plans “What are the combined limits for someone whose employer has both a nonprofit and affiliated for-profit organization, where the individual...
Ask the Experts | October 30th, 2018 (b)lines Ask the Experts – Turning Salary Into Employer Contributions When Limits Are Met “One of our employees, who consistently defers the maximum to both our 403(b) retirement plan and 457(b) deferred compensation plans,...
Compliance | October 15th, 2018 Health Care Provider Accused of Excessive Fees in 403(b) and 401(k) Plans A lawsuit alleges that the defendants failed to take advantage of the plans' bargaining power by only offering actively managed...
Ask the Experts | October 9th, 2018 (b)lines Ask the Experts – Paying for Retirement Incentives by Reducing 403(b) Contributions “I work with a higher education institution that is attempting to incentivize some of our faculty who have reached traditional...
Data and Research | September 28th, 2018 403(b)s Show Improvement in Use of Considered Best Practices More are using automatic plan features, fiduciary advisers and investment policy statements, PSCA finds.
Products | September 27th, 2018 403(b) and 457(b) Plan Recordkeeper Enhances Platform IPX is a modernization of traditional recordkeeping platforms that serve plans with multiple providers.
Ask the Experts | September 18th, 2018 (b)lines Ask the Experts – Annuity General Accounts Versus Separate Accounts “I work for a plan sponsor that maintains a 403(b) plan with annuity contracts.
Ask the Experts | September 11th, 2018 (b)lines Ask the Experts – Can Tribal Governments Sponsor 403(b)s? “I was recently hired to work with an entity that is a Native American Tribal Government. Can it sponsor a...
Compliance | August 22nd, 2018 Duke University Charged in Second 403(b) Plan Lawsuit While the first lawsuit focused on excessive recordkeeping, administrative and investment fees, the new lawsuit focuses specifically on the university’s...
Compliance | August 16th, 2018 Plaintiff in NYU 403(b) Plans Lawsuit Asks for Committee Members to Be Removed In a decision granting victory to New York University, a federal judge noted “deficiencies in the Committee’s processes—including that several...
Ask the Experts | August 14th, 2018 (b)lines Ask the Experts – Why 403(b) Assets Are Generally Not Held in a Trust “Why are 403(b) plan assets generally not held in a trust?”