Technical Competence

Technical Competence covers the nuts and bolts of the 403(b) plan market, focusing on regulations at both the state and federal level, along with developments in public-employee plan management.


Technical Competence

Technical Competence

By John Iekel12/5/2014 • 0 Comments

On Jan. 2, 2015, the IRS Tax Exempt and Government Entities (TE/GE) Division will transfer those duties to the IRS Office of Associate Chief Counsel (TE/GE), which then will take on technical responsibilities concerning qualified retirement plans and IRAs. READ MORE

By NTSA Net Staff12/4/2014 • 0 Comments

How are 403b loan defaults processed? In this week’s Tech Talk, Ellie Lowder tells us what happens after a participant defaults on a loan regarding the participant’s account, the outstanding loan, interest, reporting and more. READ MORE

By Ray Harmon12/4/2014 • 0 Comments

With time running out on its deadline for providing recommendations, a task force examining alternatives for a possible state-run IRA program in the Old Line State continued to debate the issues. READ MORE

By John Iekel12/3/2014 • 0 Comments

Kentucky and Tennessee share more than a long border — information about public pension plans in both states is hard to come by too. And that may not be changing any time soon. READ MORE

By Andrew Remo12/3/2014 • 0 Comments

The Illinois General Assembly has sent legislation to Gov. Pat Quinn (D) that would create the nation's first state-run automatic enrollment payroll deduction IRA program for private sector employers. READ MORE

By NTSA Net Staff12/2/2014 • 0 Comments

There are critical deadlines 403(b) plans must meet in order to stay in compliance with the federal Internal Revenue Code. In this week’s MarketBeat, Mike Webb provides a 403(b) Plan Compliance Calendar for 2015. READ MORE

By NTSA Net Staff12/2/2014 • 0 Comments

The consultant for a 501(c)(3) that sponsors a 403(b) plan and a 401(a) plan has told the employer that both plans share the Code Section 415(c) limit. In this week’s Tech Talk, Ellie Lowder tells us whether the consultant is correct. READ MORE

By John Iekel11/26/2014 • 0 Comments

Two of the states beset by the most intractable state pension problems have hit roadblocks in their efforts to address those issues. The pension reform law enacted in Illinois has been declared unconstitutional, and new reports and accounting procedures show that New Jersey’s pension system is in worse shape than had been thought.

By John Iekel11/25/2014 • 0 Comments

The IRS announced on Nov. 21 that modified listings of required modifications (LRMs) for 403(b) plans will be available soon. It says it will make them available in time for the April 30, 2015 deadline for 403(b) plan sponsors to submit pre-approved plans under the IRS’ 403(b) pre-approved plan program. READ MORE

By NTSA Net Staff11/25/2014 • 0 Comments

In a year of positive — but modest — change, a new survey suggests that public pension funds are feeling better about their ability to deal with trends and issues, at least in the near term. READ MORE

By Ray Harmon11/24/2014 • 0 Comments

When President Obama named Loretta Lynch as his nominee to replace U.S. Attorney General Eric Holder, speculation about Secretary of Labor Tom Perez being tapped for the role was put to rest, while speculation about the impact on the DOL’s agenda was reinvigorated. READ MORE

By Ray Harmon11/21/2014 • 0 Comments

In the wake of the surprise election of Republican Larry Hogan to the Maryland governor’s mansion earlier this month, the task force outgoing Gov. Martin O’Malley (D) established to study retirement plan access and potentially recommend a state-run automatic enrollment IRA program had its first post-election meeting Nov. 19. READ MORE

By John Iekel11/21/2014 • 0 Comments

The University of California Board of Regents on Nov. 19 debated whether it will raise tuition by up to 5% in each of the next five years. One of the reasons is to address $7.2 billion in unfunded university pension plan liabilities. READ MORE

By NTSA Net Staff11/20/2014 • 0 Comments

The SEC has issued its 2014 Agency Financial Report, in which it outlines the actions it undertook in 2014 and its goals for 2015. Investment News notes that the report is vague about whether the SEC will propose a new uniform fiduciary standard in FY 2015, which began Oct. 1, 2014. READ MORE

By John Iekel11/20/2014 • 0 Comments

Atlanta, Ga. and Jacksonville, Fla. both face fiscal pressures over their public pension systems and have been sued over their attempts to ameliorate that stress. But the courts took different tacks in their efforts to rein in public pension issues. READ MORE

By NTSA Net Staff11/18/2014 • 0 Comments

In this week’s MarketBeat, Byron Bowman explains the changes made to the Investment Company Act Rule 2a-7, otherwise known as the “Money Market Fund Rule,” and their effect on firms and their customers. READ MORE

By NTSA Net Staff11/18/2014 • 0 Comments

In this week’s Tech Talk, Ellie Lowder identifies three steps an employer can take to establish a top hat plan for its directors. READ MORE

By NTSA Net Staff11/14/2014 • 0 Comments

The Internal Revenue Service is reminding low- and moderate-income workers about an opportunity to earn a special tax credit while they save for retirement. READ MORE

By NTSA Net Staff11/14/2014 • 0 Comments

Two new efforts have been launched to increase the availability to retirement planning services to public-sector and non-profit employees. ABMM Financial has been launched, and the Legend Group has announced a partnership with the Association of Christian Schools International. READ MORE

By John Iekel11/13/2014 • 0 Comments

Major cities in disparate corners of America provide a fresh — and stark — illustration of how widespread public pension funding shortfalls are. READ MORE

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