(b)lines Ask the Experts – Can a 401(a) Plan Account be Rolled Into a 403(b) Plan?
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
Tag: retirement plan rollovers
Participants Need More Education About Distribution Options
Forty-two percent of those between the ages of 35 and 65 who left a job where they had money in a 401(k) plan were unaware that they could have left the money in the plan, and 28% didn’t know that some retirement distribution choices trigger tax liabilities and penalties, a survey found.
Many Terminated Participants Keeping Retirement Plan Balances Invested
Alight Solutions also found improved savings behaviors in its 2019 Universe Benchmarks report.
Rolling Over Retirement Assets Creates Greater Retirement Income Adequacy
Not rolling defined contribution (DC) plan assets into an IRA or another DC plan has a very material impact on retirement deficits, an Employee Benefit Research Institute (EBRI) study found.
(b)lines Ask the Experts – Rolling 403(b) Funds Back to a Prior 403(b)
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
Wolters Kluwer Makes Retirement Plan Distribution Processes Easier
New integrations make filling out Form 1099s and rollovers to individual retirement accounts (IRAs) automatic.
IRS Modifies Safe Harbor Explanations for Rollovers
The modifications take into consideration changes related to qualified plan loan offsets and other statutory changes.
(b)lines Ask the Experts – Direct Rollovers for 403(b) Plans Funded by 403(b)(7) Custodial Accounts
“Is a custodial account 403(b) plan under IRC 403(b)(7) an “eligible retirement plan” for purposes of the direct rollover rules? Would it matter if the custodial 403(b) were the distributing or the receiving plan?”