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.
Ask the Experts | January 30th, 2018 (b)lines Ask the Experts – Record Retention for Non-ERISA 403(b)s “I read in an Ask the Experts column that the Employee Retirement Income Security Act (ERISA) requires plan sponsors to...
Compliance | January 24th, 2018 Hospital 403(b) Plan Faces Lawsuit Over Investment Share Class Selection The plaintiffs claim plan fiduciaries repeatedly failed to monitor the share classes of mutual fund investments and to substitute less...
Products | January 23rd, 2018 PlanMember Launches Collection of Websites The provider of retirement planning services to public education and nonprofit organizations says that the websites provide information on retirement...
Ask the Experts | January 23rd, 2018 410(b) Coverage Testing for Firms With Both 401(k) and 403(b) “I work for a firm that recently took over as third-party administrator (TPA) for the retirement plans of a large...
Compliance | January 22nd, 2018 Third Complaint Against NYU 403(b) Plan Adds Adviser as Defendant Allegations against Cammack LaRhette Advisors contend it gave “flawed advice” to plan fiduciaries regarding investments, which Cammack denies.
Compliance | January 17th, 2018 University of Chicago 403(b) Suit Gets Claims Added Back A federal judge had dismissed claims related to one of the university’s plans, but a new complaint, and a new...
Compliance | January 16th, 2018 Vanderbilt University 403(b) Plan Suit Continues to Next Stage While some claims were dismissed, others were moved forward.
Compliance | December 28th, 2017 Princeton University Lawsuit Stayed While 3rd Circuit Deliberates On the motion for reconsideration of its previous choice to rule against summary dismissal, the court is quite skeptical. It...
Ask the Experts | December 19th, 2017 Worried About Tax Reform “I have received so many emails etc. on tax reform, including articles that conflict with each other, that I am...
Ask the Experts | December 12th, 2017 Can Plan Compensation Definition Include Housing Allowance? “I work for a denominational church entity where ministers can exclude a portion of their compensation from taxable income as...
Ask the Experts | December 5th, 2017 Post-Termination Contributions for Employee Receiving Severance Pay “We are a 501(c)(3) private tax-exempt hospital that sponsors a 403(b) plan. We have an employee who has been here...
Ask the Experts | November 28th, 2017 Problem With Compensation Definition in 403(b) Prototype Plan “We are a private tax-exempt organization that currently uses a recordkeeper-provided document for its 403(b) plan. The document consists of...
Ask the Experts | November 21st, 2017 Change in Rules for Contract Exchanges “I work for a denominational church plan sponsor. Our plan permits contract exchanges (we have some inactive vendors in the...
Compliance | November 20th, 2017 NYU Participants File Second Excessive Fee Complaint In the new complaint, participants attempt to offer more evidence for claims that were dismissed in another pending lawsuit.
Ask the Experts | October 30th, 2017 A Special Halloween Edition “Do the Experts have any Treats for us this Halloween, or only Tricks?”
Ask the Experts | October 24th, 2017 Which Expenses Can Be Reimbursed From Plan Assets? “How do we determine which expenses are appropriate to be reimbursed from plan assets, and which expenses should not be...
Ask the Experts | October 13th, 2017 Questions to Skip on Form 5500 “As we are preparing to finalize our 2016 Form 5500s in time for the extended deadline, a colleague of mine...