NTSA Net Staff
By NTSA Net Staff 2/17/2015
The pension system of Philadelphia, the 5th largest U.S. city, is an issue in the city’s Democratic mayoral primary, which will be held in May. This is in even sharper focus since two of the candidates are the incumbent, Michael Nutter, and former City Councilman James Kenney, who sponsored...
READ MORE
By NTSA Net Staff 2/13/2015
It’s not unusual for questions to arise about options for the beneficiaries of 403(b) accounts, including non-spouse beneficiaries’ ability to “stretch” the distributions from the deceased’s account over the beneficiary’s lifetime. In this week’s MarketBeat, Ellie Lowder reviews the basics of...
READ MORE
By NTSA Net Staff 2/13/2015
There are rules for how to handle inherited IRAs and 403(b)s, but that doesn’t mean questions don’t still arise about that. In this week’s Tech Talk, Ellie Lowder answers further questions regarding inherited IRAs and 403(b)s and the regulations that are the basis for how they are treated.
READ MORE
By NTSA Net Staff 2/12/2015
The states just got a report card on their teacher pension systems, and many states have work to do. The National Council on Teacher Quality (NCTQ) in “Doing the Math on Teacher Pensions” reports that collectively in 2014, state teacher pension systems had unfunded liabilities amounting to $500...
READ MORE
By NTSA Net Staff 2/10/2015
Nominations are now open for the 2015 NTSA Elite Advisor Award!Launched in 2014, the NTSA Elite Advisor Award recognizes the contributions of advisors who — by their actions and example — have advanced best practice standards in the 403(b) and/or 457 retirement industry, and in so doing, have...
READ MORE
By NTSA Net Staff 2/9/2015
The new IRS position that the one-per-year limit on IRA rollovers applies to all IRAs a taxpayer owns continues to evoke questions. In this week’s MarketBeat, David R. Blask discusses the rule, as well as the changes the IRS made to its Publication 590 to help taxpayers comply and better understand...
READ MORE
By NTSA Net Staff 2/9/2015
A spouse beneficiary would like to assume ownership of an inherited 403(b) account and then roll his IRA into it. In this week’s Tech Talk, Ellie Lowder tells us whether this is permissible, and answers a follow-up question as well.
READ MORE
By NTSA Net Staff 2/9/2015
The Department of Labor’s Employee Benefits Security Administration (EBSA) on Feb. 4 updated five frequently asked questions concerning electronically filing the Form 5500 via the EFAST2 system.Following are the changes EBSA made:The Department of Labor’s Employee Benefits Security Administration (...
READ MORE
By NTSA Net Staff 2/5/2015
Public pension plans got a chilly start to 2015, according to a recent report by BNY Mellon Investment Strategy and Solutions Group (ISSG) concerning how they fared in January 2015.The assets of a typical plan were virtually unchanged from the month before, falling by a mere 0.1%. ISSG said that...
READ MORE
By NTSA Net Staff 2/5/2015
The IRS cautions that entering incorrect information — or in some cases, leaving a field blank — on the Form 5500 increases the likelihood of being targeted for a compliance check.The IRS cites the following examples of these types of errors: Sponsors incorrectly entered 0 participants or left...
READ MORE
By NTSA Net Staff 2/2/2015
Can a client move funds from a 401(k) to two IRAs with two different providers? Do the new rollover rules come into play? In this week’s Tech Talk, Ellie Lowder tells us whether they apply to rollovers from an employer-sponsored plan.
READ MORE
By NTSA Net Staff 2/2/2015
It is challenging to predict what legislative and regulatory activity may be in store for retirement plans. Nonetheless, in this week’s MarketBeat Linda Segal Blinn offers a look at some of the initiatives to watch this year.
READ MORE
By NTSA Net Staff 2/2/2015
The IRS on Feb. 2 announced that the addresses it provided for filing applications for 403(b) pre-approved plans are incorrect. It provided those addresses in Revenue Procedure (Rev. Proc.) 2013-22, but also very recently in Rev. Proc. 2015-8.The correct address for applications for 403(b) pre-...
READ MORE
By NTSA Net Staff 1/26/2015
What a difference a state line can make. Teacher retirement funds in North Dakota seek the state’s assistance to bolster their solvency, a marked contrast to the state of things in neighboring Montana, where the financial condition of teacher retirement plans has rebounded. The North Dakota School...
READ MORE
By NTSA Net Staff 1/26/2015
There has been a lot of discussion recently regarding the use of exchange-traded funds (ETFs) and self-directed brokerage accounts (SDBAs) in 401(k)s. But what about 403(b)s? In this week’s MarketBeat, Diane D. Capone takes a look at ETFs and SDBAs and the challenges they present to the 403(b) plan...
READ MORE
By NTSA Net Staff 1/26/2015
Suppose you are a new third party administrator in California, or you are a TPA moving there. In this week’s Tech Talk, Ellie Lowder provides information about the registration requirements for such a TPA.
READ MORE
By NTSA Net Staff 1/20/2015
A year ago, President Obama touted the voluntary MyRA in his State of the Union Address — but the White House has a lot more to say about retirement this year — and it’s a lot less voluntary. According to a White House fact sheet, the administration is touting a series of retirement tax reform...
READ MORE
By NTSA Net Staff 1/20/2015
The curtain appears to be far from closing on the drama surrounding the New Jersey pension system. The state's Assistant Attorney General Jean Reilly on Jan. 15 argued before New Jersey Superior Court Judge Mary Jacobson that New Jersey can’t be compelled to make contributions to the state’s...
READ MORE
By NTSA Net Staff 1/16/2015
Retirement readiness is an increasing concern among 403(b) plan sponsors. In this week’s Marketbeat, Michael Webb examines retirement readiness and argues that while it is not an easy problem to solve, it also is an opportunity for advisors and plan vendors to provide valuable assistance.
READ MORE
By NTSA Net Staff 1/12/2015
If you work with ERISA plans, you will need to answer questions from employer clients about meeting the mandatory bonding requirements which must cover any employee handling plan assets. In this week’s MarketBeat, Ellie Lowder offers her ideas regarding questions an employer may ask you.
READ MORE
Pages
Advertisement