(b)lines Ask the Experts – Vendor Fails to Provide Fee Disclosure
July 10, 2012 (PLANSPONSOR (b)lines) – “Hope the Experts had a wonderful 4th of July! As for me, not so much, since I discovered that one of...
Ask the Experts
(b)lines Ask the Experts – Enhanced Match for Longer-Term Employees
July 3, 2012 (PLANSPONSOR (b)lines) – “I am a fiduciary for a large ERISA 403(b) plan, and we currently match a flat percentage for all eligible employees (50%...
(b)lines Ask the Experts – Spinning Off a Related Entity
June 26, 2012 (PLANSPONSOR (b)lines) – At the live Ask the Experts session at the recent 2012 PLANSPONSOR National Conference, an attendee asked, “Our nonprofit organization is spinning...
(b)lines Ask the Experts – What Is Revenue Sharing?
June 19, 2012 (PLANSPONSOR (b)lines) – At the live Ask the Experts session at the recent 2012 PLANSPONSOR National Conference, an attendee asked, “What is revenue sharing?”
(b)lines Ask the Experts – Moving from 403(b) to 401(k)
June 12, 2012 (PLANSPONSOR (b)lines) – At the recently completed 2012 PLANSPONSOR National Conference, David Powell of Groom Law Group and Michael Webb of Cammack LaRhette Consulting conducted...
(b)lines Ask the Experts – Non-Electing Church Plans and Nondiscrimination Testing
June 5, 2012 (PLANSPONSOR (b)lines) – “Does a non-electing church plan that is a 401(k) plan have to comply with the ADP and ACP nondiscrimination tests? I read...
(b)lines Ask the Experts – No Safe Harbor If 401(a) Match Tied to 403(b)
June 1, 2012 (PLANSPONSOR (b)lines) – “A private (non-church/government) tax-exempt organization sponsors a 401(a) plan that provides for matching contributions made in proportion to salary deferral contributions made...
(b)lines Ask the Experts – Participant Disclosure for Provider’s Entire Platform
May 22, 2012 (PLANSPONSOR (b)lines) – “I am a 403(b) plan sponsor with three active investment providers.
(b)lines Ask the Experts – Rollovers from 403(b)s to IRAs
May 15, 2012 (PLANSPONSOR (b)lines) – “IRC Section 72(t)(9) provides that a distribution from a governmental 457(b) plan is subject to the 10% premature distribution income tax penalty...
(b)lines Ask the Experts – Advantages of Different Plan Choices
May 8, 2012 (PLANSPONSOR (b)lines) – “What are some advantages of a 403(b) tax-sheltered annuity versus just a 403(b)7 versus a Roth IRA?”
(b)lines Ask the Experts – Plan Documents Not Amended for All Legislation
May 1, 2012 (PLANSPONSOR (b)lines) – “An ERISA 403(b) plan sponsor adopted a plan document back in 1997, but never amended the document to reflect legally required provisions...
(b)lines Ask the Experts – How to Provide a Clergy Housing Allowance
April 24, 2012 (PLANSPONSOR (b)lines) – “I have a church plan client that wants to provide a housing allowance for their pastor in retirement through their 403(b) retirement...
(b)lines Ask the Experts – Getting Rid of Old Plan Documentation
April 17, 2012 (PLANSPONSOR (b)lines) – “We are performing some spring cleaning here at the employee benefits office, and we noticed that we have TON of records related...
(b)lines Ask the Experts – 403(b) Contributions and Tax Reporting
April 3, 2012 (PLANSPONSOR (b)lines) – “I am a fairly new employee at a nonprofit hospital, who made elective deferrals to a 403(b) plan for the very first...
(b)lines Ask the Experts – Universal Availability Exclusion
March 27, 2012 (PLANSPONSOR (b)lines) – “Though I have discussed the administrative burden of utilizing such an approach, some of my 403(b) plan sponsor clients wish to exclude...
(b)lines Ask the Experts – Lifetime Income Options for 403(b) Plans
March 20, 2012 (PLANSPONSOR (b)lines) – “I read last week's Q&A regarding age 70 1/2 required minimum distributions (RMDs) and was wondering, with all the talk about the...
(b)lines Ask the Experts – RMDs for Rolled Over Balances
March 13, 2012 (PLANSPONSOR (b)lines) – “I was reading your recent Q&A regarding the hire that was over age 70 ½ years of age which stated that the...
(b)lines Ask the Experts – Age Restriction for Plan Eligibility
March 6, 2012 (PLANSPONSOR (b)lines) – “I was recently hired by the benefits department of a private university, and was surprised to see that employees are not eligible...
(b)lines Ask the Experts – Hiring Someone Older than 70 ½
February 28, 2012 (PLANSPONSOR (b)lines) – “A trend at the museum at which I work is to hire individuals who have retired from other fields. Often these individuals...
(b)lines Ask the Experts – Automatic Cashout of Less than $5000 Balances
February 14, 2012 (PLANSPONSOR (b)lines) – “Our ERISA 403(b) multiple-vendor plan does not currently have a automatic cashout provision, and I would like to amend our document to...