Recordkeepers Dedicated to Serving 403(b) Plans Are Established
Following IRS regulations for 403(b) plans passed in 2007, many vendors (recordkeepers) exited the business.
Tag: 403(b) plans
Matrix Trust Company Sued Over Asset Transfers From 403(b) Plans
Matrix is being sued for violating its fiduciary duties because it did not verify that the transfers were authorized by...
GWU Tells Court 403(b)s Cannot Be Compared to 401(k)s
In a brief supporting a motion to dismiss a case against George Washington University related to the management of its...
(b)lines Ask the Experts – How to Match When Deferrals Are Front-Loaded
“I work for a 403(b) plan sponsor, and have recently encountered a situation when a few individuals have front-loaded their...
K-12 403(b) Plan Sponsors Have New Fiduciary Duties Under Conn. Law
Connecticut decided to pass the law after Connecticut teachers regretted investing in certain products without being informed of fees and...
Prospect Chartercare Faces Lawsuit Over DB Plan Funding
The complaint alleges that at a certain point, the plan lost its church plan status as defined by ERISA and...
(b)lines Ask the Experts – Roth Accounts and Participant Post-Retirement Benefits
“I have heard that a Roth 403(b) can actually help participants maximize their after-tax retirement benefit. If this is true,...
New Claim Added to Vanderbilt University 403(b) Plan Lawsuit
The new claim is related to the defendants’ alleged failure to protect plan assets by allowing third parties to market...
Penn State Announces New Retirement Program Fee Practices
The plan to adopt a fee-leveling approach and rebate revenue sharing to participants comes as many institutions of higher learning...
University of Chicago Settles 403(b) Plans Excessive Fee Suit
In addition to a monetary payment, the university has agreed to structural changes to its 403(b) plans.
Is There Any Hope for 403(b)s to Be Able to Use CITs?
These lower-cost funds are growing more popular in the 401(k) market, but are not available to most 403(b) plans.
ERISA Excessive Fee Suit Filed Against University of Rochester
The suit challenges fees paid to provider TIAA.
Recent Dip in Average Fidelity Account Balance Belies Long-Term Trend
Average individual 401(k), 403(b) and IRA account balances increased year-over-year, according to the latest cut of data from Fidelity’s book...
(b)lines Ask the Experts – Dealing With Missing Participants
“I have been reading a lot about missing retirement plan participants lately. If our plan has any, should I be...
IRS Warns Nonprofits Not to Lose Tax-Exempt Status
Organizations that fail to file annual Form 990 returns for three consecutive years will see their federal tax exemptions automatically...
(b)lines Ask the Experts – Can a Church Have Two 403(b)s With Two Different Vendors?
“A church has an existing 403(b) plan with one insurance company providing the investment options.
Retirement Plan Exchanges for 403(b)s
Speaking at the Plan Sponsor Council of America (PSCA) 71st Annual National Conference, Brodie Wood, SVP of healthcare, education and...
(b)lines Ask the Experts – Amending Retirement Plans for Final Disability Regulations
“I administer an Employee Retirement Income Security Act (ERISA) 403(b) retirement plan, and our plan provides for early retirement distributions...
Plaintiff in UPenn 403(b) Suit Asks for Amicus Briefs to Not Be Accepted
For one thing, the plaintiff argues the briefs filed in support of the University of Pennsylvania provide the university an...
(b)lines Ask the Experts – Implementing a Vesting Schedule When There Wasn’t One
“We currently sponsor an Employee Retirement Income Security Act (ERISA) 403(b) plan where all contributions are 100% vested. However we...