Non-Profit and Governmental Plan Sponsors Wanted for IRS Committee
The Internal Revenue Service is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities.
Tag: 457
(b)lines Ask the Experts – Which Rules for 457(b)s Must Church Plans Follow?
“I read with great interest a recent Ask the Experts column in which you discussed the differences between governmental 457(b) plans and those sponsored by private tax-exempt entities.
(b)lines Ask the Experts – Differences in 457(b) Plans for Different Entities
“What are the primary differences between a 457(b) plan of a private tax-exempt organization and a governmental 457(b) plan?”
TIAA Observes More Demand for Advice from Participants
Now that the online tools are available, approximately 10% of plan participants are receiving some form of advice from TIAA each year, a four-fold increase relative to an earlier period.
(b)lines Ask the Experts – Rolling From a Governmental 457(b) to a 403(b)
“We are a private tax-exempt health care organization that sponsors a 403(b) plan. One of our new physicians used to work for the state, and has a 457(b) plan balance. Can this physician roll her 457(b) balance into the 403(b) plan?”
AXA Offers New Solution for DC Marketplace
The solution is an open architecture investment program with intuitive technology that allows for ease of set-up and ongoing management for plan sponsors and participants.
(b)lines Ask the Experts – Can Churches Sponsor 457 Plans?
“I recently started working with a religious entity that sponsors a 457(b) plan. I thought that churches couldn’t sponsor 457(b) plans? Am I incorrect?”
(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 she retires.
New Adviser Firm Serves University Employees
The company will help individuals with their 403(b), 401(a) and/or 457(b) plans.
Retirement Plan Deferral Limit Unchanged for 2017
Other limits also remained unchanged according to an IRS Notice, but the annual 415 limit increased.
IRS Relaxes Loan and Hardship Procedures for Hurricane Matthew Victims
A retirement plan can allow a victim of Hurricane Matthew to take a hardship distribution or borrow up to the specified statutory limits from the victim’s retirement plan, or allow a person who lives outside the disaster area to take a loan or hardship distribution to assist a family member who was a victim.
(b)lines Ask the Experts – Are SPDs Needed for 457(b) Plans?
“I work for a large museum that sponsors multiple retirement plans.
NAGDCA Discusses Fiduciary Responsibilities for Government DC Plans
A brochure includes a checklist for government DC plan sponsors.
A Public Plan Sponsor Gives Employees View of Retirement
A virtual retirement tour helped get more employees enrolled in their 457 plan and employees more engaged in their retirement savings.
(b)lines Ask the Experts – 457(f) Plans and Proposed Regulations
“Our 403(b) plan recordkeeper informed us that the Internal Revenue Service (IRS) recently released proposed regulations regarding 457(f) plans.”
(b)lines Ask the Experts – Is A Financial Audit a Good Idea for a Non-ERISA Plan?
A governmental 403(b) and 457(b) plan sponsor attending the non-ERISA 403(b) Update panel at the 2016 PLANSPONSOR National Conference asked a question.
IRS Proposes Deferred Compensation Plan Tax Regulations
As proposed, the regulations would impact the tax burdens of participants and beneficiaries of deferred compensation plans of state and local governments, as well as other tax-exempt entities.
Participants Say DC Plans Fall Short in Key Areas
Forty-five percent of participants believe their DC plans will not help them meet their retirement goals, according to a Prudential Retirement survey.
IRS to Discuss Sick and Vacation Pay Deferred to 403(b)s
A webcast in June will address issues related to accumulated sick and vacation pay deferred to 403(b)s and 457(b)s.
Not-for-Profit/Governmental DC Plan Market Growing
Total not-for-profit/governmental DC plan assets are expected to grow at a compound annual growth rate (CAGR) of 7%, according to Cerulli Associates.