Ask the Experts | November 24th, 2020 Terminating a 403(b) and Starting a 401(k) “I work with an Employee Retirement Income Security Act (ERISA) 403(b) plan sponsor that has a 403(b) plan in which...
Compliance | November 23rd, 2020 IRS Publishes 2020 Required Amendments List There are no changes in requirements that generally require an amendment, but there are two changes that may require one.
Ask the Experts | November 17th, 2020 Rules for Bringing Back Laid Off or Furloughed Employees Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Compliance | October 22nd, 2020 Bill Would Fill Gaps in Previous Retirement Legislation The SAVE Act would allow 403(b) plan sponsors to join open MEPs and incentivize the creation of ESOPs, among other...
Ask the Experts | October 20th, 2020 What Types of Situations Does a ‘Mistake of Fact’ Plan Document Provision Cover? Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Ask the Experts | October 13th, 2020 Do Income Limits Apply When Making Roth Contributions to a 403(b)? Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Ask the Experts | October 6th, 2020 Can a 403(b) Be Added for HCE Deferrals to Help Pass Testing? Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Compliance | September 25th, 2020 Cornell Agrees to Pay $225,000 to Settle Suit Regarding 403(b) Plan The settlement is limited to the single claim that survived summary judgment, related to the share class of the TIAA-CREF...
Compliance | September 16th, 2020 Parties in Cornell 403(b) Excessive Fee Suit Announce Settlement There was only one claim left in the lawsuit that was scheduled for trial to begin on September 29.
Ask the Experts | September 15th, 2020 Relief for Distributing Summary Plan Descriptions Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Compliance | September 14th, 2020 Sutter Health Faces Second Lawsuit Challenging Use of Actively Managed TDFs The most recent lawsuit says the actively managed suite’s risk has been amplified during the COVID-19 pandemic.
Ask the Experts | August 25th, 2020 Can Nonresident Aliens Be Excluded From Deferring in 403(b)s? Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Products | August 20th, 2020 Security Benefit Introduces Mobile App for Retirement Plan Participants The firm says it is trying to bring the services and technological conveniences typically offered to large plans to the...
Benefits | August 13th, 2020 Are Employer-Sponsored DC Plans the Best Retirement Savings Vehicles? The coronavirus pandemic and other factors have called into question the value of DC plans, but experts say they’re still...
Compliance | August 11th, 2020 Mercy Health Corp. Faces 403(b) Plan Excessive Fee Lawsuit Among other things, the lawsuit alleges the health care system unreasonably maintained investment advisers and consultants despite the known availability...
Ask the Experts | August 4th, 2020 How May ACP Testing Results be Affected by COVID-19? Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Compliance | July 30th, 2020 Princeton Agrees to No Fee Increase, Among Other Things, in Lawsuit Settlement What the settlement agreement calls ‘therapeutic relief’ also includes conducting an RFP process, creating rules for how often committees meet...
Administration | July 29th, 2020 CARES Act Special Considerations for 403(b) Plans Participants invested in annuity contracts may face charges for distributions and limits on amounts they can take as a distribution...
Compliance | July 28th, 2020 VALIC Financial Advisors Charged With Disclosure Failures The SEC says VALIC Financial Advisors failed to disclose to Florida teachers practices that generated millions of dollars in fees...
Ask the Experts | July 28th, 2020 Providing Employer Contributions to Some Employees and Not Others Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.