Ask the Experts | May 7th, 2018 (b)lines Ask the Experts – Can a Church Have Two 403(b)s With Two Different Vendors? “A church has an existing 403(b) plan with one insurance company providing the investment options.
Administration | May 3rd, 2018 Retirement Plan Exchanges for 403(b)s Speaking at the Plan Sponsor Council of America (PSCA) 71st Annual National Conference, Brodie Wood, SVP of healthcare, education and...
Ask the Experts | May 1st, 2018 (b)lines Ask the Experts – Amending Retirement Plans for Final Disability Regulations “I administer an Employee Retirement Income Security Act (ERISA) 403(b) retirement plan, and our plan provides for early retirement distributions...
Compliance | April 26th, 2018 Plaintiff in UPenn 403(b) Suit Asks for Amicus Briefs to Not Be Accepted For one thing, the plaintiff argues the briefs filed in support of the University of Pennsylvania provide the university an...
Ask the Experts | April 24th, 2018 (b)lines Ask the Experts – Implementing a Vesting Schedule When There Wasn’t One “We currently sponsor an Employee Retirement Income Security Act (ERISA) 403(b) plan where all contributions are 100% vested. However we...
Ask the Experts | April 17th, 2018 (b)lines Ask the Experts – Record Retention for Governmental 403(b) Plans “It is my understanding that retirement plans under the Employee Retirement Income Security Act (ERISA) are required to keep documents...
Compliance | April 16th, 2018 Brief in University of Pennsylvania 403(b) Lawsuit Points Out Differences From 401(k)s An amici curiae brief filed by the American Council on Education and other higher education associations details the history of...
Ask the Experts | April 10th, 2018 (b)lines Ask the Experts – In-Service Distributions for Participants in Phased Retirement Program “Our university recently instituted a ‘phased retirement’ program for faculty where they can gradually transition into retirement by working a...
Administration | April 5th, 2018 Private Higher Education 403(b) Plan Sponsors to Join MEP The goal is to reduce fees and administrative burdens for plan sponsors while providing better services for plan participants.
Compliance | April 3rd, 2018 Court Moves Forward Claims in Yale 403(b) Plan Case A federal district court judge denied dismissal of most violation of duty of prudence claims.
Compliance | April 2nd, 2018 NYU Asks to Exclude Certain Evidence from Trial in 403(b) Plans Case The university also asks that the plaintiffs not be able to attempt to use evidence that their prudent measures and...
Ask the Experts | March 27th, 2018 (b)lines Ask the Experts – Rules for Vesting Schedules Shorter Than Maximum Permissible “I read your Ask the Experts last year on the maximum permissible vesting schedules for a defined contribution retirement plan....
Ask the Experts | March 13th, 2018 (b)lines Ask the Experts – Refresher on Correcting 402(g) Excess Deferrals “My plan needs to correct some 402(g) excess deferrals for the 2017 plan year. In looking at some old Ask...
Compliance | March 12th, 2018 IRS Expands Audit Guidance for RMDs to 403(b) Plans A memo says examiners should not challenge a 403(b) plan for violation of the RMD standards for the failure to...
Administration | March 8th, 2018 Wisconsin-Based Diocese Closes Pension Plan The plan was frozen in 2007 and replaced with a 403(b) plan.
Ask the Experts | March 6th, 2018 (b)lines Ask the Experts – Amounts Allowed for 403(b) Hardships Under Budget Bill “We currently sponsor an Employee Retirement Income Security Act (ERISA) 403(b) plan and allow hardship withdrawals for elective deferrals, but...
Compliance | February 27th, 2018 Original Case Against NYU 403(b) Plans Going to Trial In addition, a federal judge dismissed a third complaint against NYU—naming its adviser as a defendant—as a duplicative action.
Ask the Experts | February 27th, 2018 Distributions When Switching Jobs Within Same Denomination “I work as an administrator in my local church—recently hired in this position after working in the same position for...
Ask the Experts | February 13th, 2018 Using Hours of Service to Calculate Eligibility “Our firm sponsors an Employee Retirement Income Security Act (ERISA) 403(b) plan that has a two-year service requirement (100% vested...
Data and Research | February 9th, 2018 Plan Sponsors Should Remind Participants About the Saver’s Credit Many participants do not know about the credit, the Transamerica Center for Retirement Studies found.