Yale Changes 403(b) Plan Investment Options
A university spokesperson told Yale News that the changes to the retirement plan were not in response to ongoing litigation.
Tag: 403(b) plans
Financial Professionals Improve Retirement Results for K-12 Educators
The median account balance for K-12 educators surveyed who work with a financial professional is $40,000 versus $21,000 for those...
(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...
403(b) Core Menus Offer Variety of Investments
On average, they offer 27 core investment options, according to ICI and BrightScope
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...
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...
(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.’
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...
(b)lines Ask the Experts – New Hardship Rules Regarding Earnings on 403(b) Elective Deferrals
“Don't know if the Experts remember me, but I was the one who posed the question back in March about...
403(b) Plan Participants Voluntarily Dismiss Lawsuit Against Custodian
The lawsuit accused Matrix Trust Company of violating its fiduciary duties by making unauthorized transfers of participants’ accounts to a...
(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.
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...
(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...
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...
(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...
Years of Positive Retirement Savings Behaviors Lead to Record Balances
The average 401(k) balance reached an all-time high of $106,500 in the third quarter, and the average 403(b) balance is...
(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,...
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...
(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...
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.