Compliance | January 17th, 2017 IRS Announces Last Day of Remedial Amendment Period for 403(b)s When the agency established a pre-approved plan program for 403(b)s, it allowed for a remedial amendment period to retroactively correct...
Administration | January 11th, 2017 403(b)s No Strangers to In-Plan Income Products According to the 2016 PLANSPONSOR Defined Contribution (DC) survey, 27.2% of 403(b) plans offer in-plan income products that guarantee monthly...
Ask the Experts | January 10th, 2017 (b)lines Ask the Experts – Rolling Over from One Plan to Another Within a Controlled Group “I work for a large health care organization that encompasses several subsidiaries that counsel has determined are part of the...
Data and Research | January 9th, 2017 403(b) Plan Fees Mostly In Line With Other DC Plan Fees Data from the PLANSPONSOR DC Survey indicates there were only slightly more 403(b) plans with investment expense ratios in the...
Ask the Experts | December 20th, 2016 (b)lines Ask the Experts – Discovering an Excess Deferral in the Year of the Excess “I just discovered that our CEO exceeded the Internal Revenue Service (IRS) 402(g) elective deferral limit to our 403(b) plan...
Administration | December 15th, 2016 The Case for the Traditional K-12 403(b) Model Elements of the traditional model for K-12 403(b) plans provide motivation to participate and needed financial help, but there is...
Administration | December 14th, 2016 403(b) Plan Sponsors Taking Action to Prepare for Fiduciary Rule While 59% are making no changes, others are re-evaluating adviser choices, reviewing investment lineups and reviewing plan governance structure.
Ask the Experts | December 13th, 2016 (b)lines Ask the Experts – Year-End Action Items for 403(b)s “As 2016 comes to a close, are there any year-end retirement plan action items that warrant special attention?”
Ask the Experts | December 6th, 2016 (b)lines Ask the Experts – Can Unused Vacation/Sick Time Be Deferred to 457 Plans? “I have a retiring employee who is eligible to receive a significant cash payout of unused sick/vacation time shortly after...
Compliance | December 5th, 2016 Supreme Court to Hear Health Care Entities’ ‘Church Plan’ Suits The question is whether, under ERISA, a church must establish a plan in order for it to be considered a...
Compliance | December 1st, 2016 403(b) Plan Participant Files Suit Over Voya Stable Value Funds The suit claims Voya collects hundreds of millions of dollars annually in undisclosed compensation.
Ask the Experts | November 28th, 2016 (b)lines Ask the Experts – Roth Conversion Without Qualifying for Distribution “I am a participant in a 403(b) plan.
Ask the Experts | November 22nd, 2016 (b)lines Ask the Experts – 415 Limit When Sponsoring Both a 401(a) and 403(b) “We are a private tax-exempt hospital that sponsors a 401(a) and a 403(b) plan, both of which are subject to...
Ask the Experts | November 15th, 2016 (b)lines Ask the Experts – How Would the 415 Annual Additions Limit Be Met? “I noticed that, though the elective deferral limits for retirement plans did not increase for 2017, the 415 dollar limit...
Compliance | November 10th, 2016 IRS Answers Questions About 403(b) Universal Availability Rules IRS agents discussed student exclusions, the less-than-20-hours-per-week exclusion, eligibility for employer contributions and the once-in-always-in rule.
Ask the Experts | November 8th, 2016 (b)lines Ask the Experts – Eligibility After Move From Union to Non-Union Employee “We sponsor an Employee Retirement Income Security Act (ERISA) 403(b) plan that excludes collectively bargained employees from the right to...
Compliance | November 7th, 2016 IRS Offers Educational Materials for Retirement Plan Sponsors The agency has announced the availability of Issue Snapshots and has updated two fix-it guides.
Products | November 3rd, 2016 New Adviser Firm Serves University Employees The company will help individuals with their 403(b), 401(a) and/or 457(b) plans.
Ask the Experts | November 1st, 2016 (b)lines Ask the Experts – Why Would a Church Plan Elect ERISA Coverage? “I am an adviser who works with church plans, and am thus familiar with the phrase “non-electing” church plan as...
Compliance | October 27th, 2016 NTSA Supports Extending Fiduciary Rule to Governmental 403(b)s As part of its support, NTSA developed a fiduciary education program that will be available to its members later this...