NTSA Net Staff
By NTSA Net Staff 10/24/2014
IRS Notice 2014-54 clarifies the rules affecting rollover distributions consisting of both pretax and after-tax funds to more than one eligible retirement plan. It says all amounts scheduled to be disbursed at the same time are considered a single distribution, even if the participant directs the...
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By NTSA Net Staff 10/24/2014
Your retired client placed her name on a school district’s substitute teacher list. The district’s third party administrator declined the application for a required minimum distribution (RMD), stating that she is coded as an employee on the list. But she has not worked in the district this year. If...
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By NTSA Net Staff 10/21/2014
A statistic for 403(b) sponsors to ponder: An IRS official says that when the agency audits 403(b) plans, it discovers issues 80% of the time. And the IRS is hiring still more staff to audit 403(b) and 457(b) plans. In this week’s MarketBeat, Linda Segal Blinn discusses the five issues the IRS most...
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By NTSA Net Staff 10/21/2014
Can a school that is affiliated with a church use a 401(k) plan, and be a non-electing church? Or is that option only available with a 403(b)? In this week’s Tech Talk, Ellie Lowder discusses whether it is possible and how ERISA and the Internal Revenue Code apply in such a circumstance.
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By NTSA Net Staff 10/21/2014
The Nutmeg State is looking for public comments on the feasibility of a state-sponsored retirement plan for all private sector employees. Connecticut State Comptroller Kevin Lembo (D) and State Treasurer Denise Nappier (D), who co-chair the Connecticut Retirement Security Board (CSRB) created...
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By NTSA Net Staff 10/17/2014
They say when you have your health, you have just about everything, and a new study seems to bear that out — and that includes being financially ready for retirement.Healthier employees feel more prepared when it comes to having a financial plan, saving enough for retirement to last a lifetime and...
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By NTSA Net Staff 10/13/2014
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.
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By NTSA Net Staff 10/13/2014
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. You are an approved vendor for both plans and can easily switch the annuity from one district to the other...
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By NTSA Net Staff 10/7/2014
If a church that sponsors a 403(b)(1) annuity and 403(b)(7) custodial account has a minister who is self-employed, can he participate in the church’s 403(b) plan? In this week’s Tech Talk, Ellie Lowder tells us.
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By NTSA Net Staff 10/7/2014
Most 403(b) non-ERISA plans do not include employer matching contributions, which may decrease motivation for employees to enroll. But are there other ways to increase participation in such plans? In this week’s MarketBeat, Ellie Lowder has good news — there are, and she discusses them.
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By NTSA Net Staff 10/7/2014
Friday, November 14, 2014 12 p.m. - 1 p.m. ET Speakers: Molly Hamer, EFS Advisors; Chris DeGrassi, Executive Director, NTSA; Jeffrey Tomaneng, Lincoln Investment Planning; Mark Luckinbill, Aspire Financial Services; Matthew McBay, GWN Securities...
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By NTSA Net Staff 10/7/2014
Looking ahead and applying the lessons of the past can help in running a practice. And a panel of experts is ready to share their insights with you on how they built successful practices in an NTSA webcast on Friday, Oct. 10 from noon to 12:50 p.m. ET. The webcast will be hosted by David Blask...
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By NTSA Net Staff 9/30/2014
Experience, it is said, is the most difficult teacher, because she always gives the test before she gives the lesson. Every professional finds themselves at some point reflecting, “I wish I had” or “I wish I had never.” Join us for a complimentary webcast on Friday, Oct. 10 from noon to 12:50 p.m....
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By NTSA Net Staff 9/30/2014
Experience, it is said, is the most difficult teacher, because she always gives the test before she gives the lesson. Every professional finds themselves at some point reflecting, “I wish I had” or “I wish I had never.” Join us for a complimentary webcast on Friday, Oct. 10 from noon to 12:50 p.m....
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By NTSA Net Staff 9/30/2014
Experience, it is said, is the most difficult teacher, because she always gives the test before she gives the lesson. Every professional finds themselves at some point reflecting, “I wish I had” or “I wish I had never.” Join us for a complimentary webcast on Friday, Oct. 10 from noon to 12:50 p.m....
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By NTSA Net Staff 9/29/2014
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.
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By NTSA Net Staff 9/29/2014
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...
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By NTSA Net Staff 9/23/2014
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.
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By NTSA Net Staff 9/23/2014
The DOL has issued numerous fee disclosure rules, including regs under ERISA Section 408(b)(2), to help fiduciaries determine what a “reasonable” fee is. In this week’s MarketBeat. Kimberley Flett and Jeannine Souders discuss what those regulations require of service providers.
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By NTSA Net Staff 9/16/2014
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.
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