403b Plans

403b Plans

403b Plans

By NTSA Net Staff10/13/2014 • 0 Comments

ERISA plans are using auto enrollment more frequently to increase participation. ERISA supersedes state statutes, but what about when ERISA does not apply? In this week’s MarketBeat, Ellie Lowder discusses whether auto enrollment is for non-ERISA plans too.


By NTSA Net Staff10/13/2014 • 0 Comments

A plan participant who works for a school district has been contributing to an annuity. He starts working for another, and would like to use the same annuity for that district’s contributions. In this week’s Tech Talk, Ellie Lowder tells us if this can be done. READ MORE

By NTSA Net Staff9/29/2014 • 0 Comments

Once a participant has defaulted on a plan loan, can they qualify for an additional loan? What if the defaulted loan has been deemed a distribution and any applicable taxes and penalties have been paid? In this week’s Tech Talk, Ellie Lowder fills us in on whether this is possible. READ MORE

By NTSA Net Staff9/29/2014 • 0 Comments

While there is room for improvement in 403(b) participation rates, those rates are not as doom-and-gloom as those who market alternatives to 403(b) plan sponsors would like you to believe. In this week’s MarketBeat, Michael Webb explains why it’s a mistake to compare participation rates in 401(k)s to that of 403(b)s and jump to conclusions. READ MORE

By NTSA Net Staff9/23/2014 • 0 Comments

Suppose you’re trying to research the attrition rate that TPAs have experienced as a result of fees that are passed on to participants. In this week’s Tech Talk, Ellie Lowder tells us whether there is a benchmark rate prevalent in the industry.


By NTSA Net Staff9/16/2014 • 0 Comments

What are the limits of an employer’s direct pre-tax contributions to an employee’s 403(b) contribution? Is that a limit on the match percentage? In this week’s Tech Talk, Ellie Lowder answers these questions, as well as whether an employer can exclude certain classes of employees from the match. READ MORE

By John Iekel7/22/2014 • 0 Comments

Suppose a 62 year-old who is drawing a reduced Social Security benefit understands that he can earn up to $15,480 before beginning to lose Social Security benefits. He calculates that he will be about $3,000 above the $15,480 from substitute teaching income; can he contribute the $3,000 to his 403(b) so as to not lose any Social Security benefits? Ellie Lowder has the answer in Tech Talk. 


By John Iekel7/11/2014 • 0 Comments

Defined benefit plans, DC plans and 403(b) annuity arrangements, take note: July 31 is right around the corner. That’s the day by which most plans must file the dreaded and onerous Form 5500. The clock is ticking on filing the form that reports on 2013.  READ MORE

By Chris DeGrassi7/8/2014 • 0 Comments

NTSA is always busy working on your behalf and that of those whom you serve. Following is a look at what’s been going on in selected states, as well as NTSA’s assessment and what action we are taking.  READ MORE

By John Iekel7/7/2014 • 0 Comments

An agent working with a public school superintendent to include retirement benefits in his individual contract reviews the wording the district plans to use. She sees that they have given the superintendent a choice of medical insurance OR an employer contribution to the 403(b) plan. In Tech Talk, Ellie Lowder tells us whether there is a problem with providing this choice.  READ MORE

By John Iekel7/7/2014 • 0 Comments

Forty-two states and the District of Columbia allow charter schools. They tend to treat their benefits packages in the same way as a typical for-profit employer and not in the way a traditional K-12 school does. In MarketBeat, Diane D. Capone of Lincoln Investment writes that it is important to know who is working with charter schools in your area and to develop a relationship, including one with third party administrators, that will facilitate a 403(b) retirement plan and allow you to help in properly establishing and running a charter school’s retirement plan.  READ MORE

By John Iekel6/25/2014 • 0 Comments

The federal government, a purveyor of regulations and legislation, has set before the 403(b) community a veritable blue plate special — and one with a long shelf life to boot. NTSA President Susan Diehl of PenServ Services, Inc., outlined what’s on that plate at NTSA’s 403(b) Summit in Washington, D.C., on June 24.


By Steven Sullivan6/25/2014 • 0 Comments

Relying on the traditional methods for determining a client’s tolerance for risk can be risky in itself, according to Michael Kitces, speaking at the 2014 NTSA 403(b) Summit in Washington, D.C., on June 24. Kitces is a partner and director of research at the Pinnacle Advisory Group. READ MORE

By John Iekel6/3/2014 • 0 Comments

Simplified investment platforms are becoming more common for 403(b) plans, and target date funds are among the most widespread investment options, according to the Plan Sponsor Council of America’s sixth annual 403(b) plan survey. The Principal Financial Group sponsored the study. READ MORE

By John Iekel5/22/2014 • 0 Comments

Have you made a mistake in administering your 403(b) plan? Does this mistake put you at risk of IRS action? If so, you are not alone — not only in the sense that others have made mistakes, but also because the IRS has updated its 403(b) Plan Fix-It Guide, a resource that tells plan sponsors how to identify errors in 403(b) administration and correct them. Equally important: the IRS also says how to avoid the mistake in the first place.  READ MORE

By John Iekel5/10/2014 • 0 Comments

The IRS is auditing 403(b) plans — especially in light of the changes made to the 403(b) regulations in the last few years. In the latest Market Beat, Kimberly A. Flett points out that with the right amount of planning and proper administration, plan sponsors can avoid audit pitfalls and provide for an employer-sponsored plan that effectively meets IRS guidance and regulations. READ MORE

By John Iekel5/5/2014 • 0 Comments

The IRS has rolled out its next 403(b) Compliance Check questionnaire, focusing on whether an employer whose 501(c)(3) nonprofit status was revoked still offers a 403(b) tax-deferred annuity plan to its employees. READ MORE

By Fred Barstein4/19/2014 • 0 Comments

According to research by ING, plan participants who use TDFs are more confident about meeting their retirement goals. They also defer more and are less stressed. In an online survey of more than 1,000 plans conducted last September by ING, 54 percent of investors who chose TDFs said they are confident about meeting their retirement goals — compared with 41 percent of those who do not use TDFs. READ MORE

By John Iekel4/14/2014 • 0 Comments

It’s now easier for plan sponsors and employers to participate in the 403(b) pre-approved plan program.  April 14 was the effective date of IRS Revenue Procedure (Rev. Proc.) 2014-28. The new guidance modifies guidance the IRS issued last year, Rev. Proc. 2013-22, to make it easier for a person to qualify as a pre-approved 403(b) plan sponsor and as a mass submitter.


By Ronald Triche4/12/2014 • 0 Comments

The IRS, in Notice 2014-19 and related FAQs, says clearly that retirement plans — including 403(b) plans — have to recognize same-gender spouses and spells out how. The notice and FAQs, which the IRS issued April 4, are a follow-up on Revenue Ruling (Rev. Rul.) 2013-17, which provided general guidance on the tax implications of the Supreme Court’s decision in U.S. v. Windsor (the DOMA case). READ MORE

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