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A report by The Pew Charitable Trusts released on Dec. 22 revealed that state automated savings programs in the United States have collectively reached over $1 billion in assets as of November. This development is part of a broader initiative to assist private sector workers, especially those...
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Tech Talk addresses whether when one defaults on a loan taken from a 403(b), one can later take another.
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Over the years, writes Nevin E. Adams, JD in MarketBeat, so-called personal finance experts have provided valuable information—but also a smattering of misinformation—and discusses some recent remarks he considers particularly egregious.
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The IRS has just released new guidance in the form of questions and answers addressing several key provisions contained in the SECURE 2.0 Act of 2022.
The IRS advises that the notice (Notice 2024-02) is not intended to provide comprehensive guidance as to the specific provisions of the SECURE 2.0...
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The Labor Department says a federal judge mis-instructed the jury on the burden of proof in an excessive fee suit—and wants them to get another hearing.
The suit against Yale University was one of the first to be filed in this area—and by Schlichter Bogard & Denton LLP (now just Schlichter...
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An increasing body of research and results seem to confirm that state-sponsored retirement plans—and auto-IRAs specifically—close the coverage gap, not only by providing a public option but also by encouraging higher private plan adoption.
Currently, 14 states have a mandate in place, with another...
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Participation rates in 403(b) plans increased and hit a record high in 2022 while participation rates in 401(k) plans dropped, according to the Plan Sponsor Council of America’s (PSCA) 2023 403(b) survey.
The PSCA is part of the American Retirement Association.
The survey, sponsored by HUB...
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There is work to be done in improving overall retirement readiness. In MarketBeat, John Iekel writes that according to recent studies, one factor that could help explain that is confidence about retirement planning and plans.
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Tech Talk covers whether income inclusion can occur over three years.
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The IRS on Dec. 20, 2023, issued the 2023 cumulative list of changes in plan qualification requirements for pre-approved defined contribution plans. The changes are contained in Notice 2024-03.
The 2023 Cumulative List is intended to assist providers applying to the IRS for opinion letters for the...
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Generation Z—the youngest generation in the workforce—may also be the most interesting regarding retirement and preparing for it.
Studies reveal a mix—cacophony?—of behaviors and attitudes among its members that suggest it is a group that may be receptive to a range of approaches in working to...
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Is IBM on to something?
Big Blue recently announced that they would end the company’s 401(k) match effective January 1, 2024, replacing it with a Retirement Benefit Account (RBA). It will replace the match with a fixed employer contribution of 5% of compensation plus a one-time 1% pay increase....
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Reps. Darin LaHood (R-Ill.) and Linda Sánchez (D-Calif.) introduced a bill on Dec. 13 that would allow retirement savers to roll over their Roth IRA savings into a Roth workplace retirement plan such as a Roth 401(k), Roth 403(b), or Roth 457(b).
The bipartisan bill, which the American Retirement...
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In MarketBeat, Nevin E. Adams, JD notes that like many, he has spent a fair amount of time analyzing the impact and import of the new fiduciary rule proposal.
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Tech Talk addresses how one figures the maximum amount contributable if one has more than one 403(b).
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ARLINGTON, VA. – The National Tax-Deferred Savings Association, part of the American Retirement Association (ARA), is proud to announce its Elite Advisors of 2024.
NTSA Elite Advisors are honored in person at the annual NTSA Awards luncheon, Monday, February 26, 2024, during the NTSA Summit, at...
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Delaware is joining the Partnership for a Dignified Retirement, an interstate consortium that helps states provide access to retirement plan coverage. The action brings Delaware’s program into formal cooperation with those of Colorado and Maine.
Colorado Gov. Jared Polis (D) signed the measure...
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In prepared testimony to the Department of Labor's (DOL) leadership and staff, American Retirement Association (ARA) CEO Brian Graff highlighted “the significant regulatory gap” regarding plan-level advice on Dec. 12.
Graff’s comments—made in support of the DOL’s latest attempt to modernize the...
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By many measures, CalSavers’ fortunes matched the warm colors of the foliage in Autumn 2023, although some results did not show progress.
CalSavers, as one of the longest-lived state-run programs that provides retirement plan coverage to private-sector employees whose employers do not have a plan...
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The IRS on Dec. 8 announced that there will be no changes to the Required Amendments (RA) List for individually designed plans qualified under Internal Revenue Code (IRC) Sections 401(a) and 403(b) for 2023. The IRS made the announcement in Notice 2023-79.
The RA List establishes the end of the...
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Recent Comments
Does the roth requirement for catch-up contributions for people who earned $145,000 apply to 457...
Hi Ed,
I really liked this article and I think you make a lot of sense. And I had no...
I believe there's a misstatement in that last quote - it should refer to governmental and...
Working with several medical providers as clients, I note that the high-end earners tend to push...
Congratulations to NTSAA for landing a good one. Nathan's breadth of experience and...