(b)lines Ask the Experts – Record Retention for Governmental 403(b) Plans
“It is my understanding that retirement plans under the Employee Retirement Income Security Act (ERISA) are required to keep documents...
Tag: 403(b) plans
Brief in University of Pennsylvania 403(b) Lawsuit Points Out Differences From 401(k)s
An amici curiae brief filed by the American Council on Education and other higher education associations details the history of...
(b)lines Ask the Experts – In-Service Distributions for Participants in Phased Retirement Program
“Our university recently instituted a ‘phased retirement’ program for faculty where they can gradually transition into retirement by working a...
Private Higher Education 403(b) Plan Sponsors to Join MEP
The goal is to reduce fees and administrative burdens for plan sponsors while providing better services for plan participants.
Court Moves Forward Claims in Yale 403(b) Plan Case
A federal district court judge denied dismissal of most violation of duty of prudence claims.
NYU Asks to Exclude Certain Evidence from Trial in 403(b) Plans Case
The university also asks that the plaintiffs not be able to attempt to use evidence that their prudent measures and...
(b)lines Ask the Experts – Rules for Vesting Schedules Shorter Than Maximum Permissible
“I read your Ask the Experts last year on the maximum permissible vesting schedules for a defined contribution retirement plan....
(b)lines Ask the Experts – Refresher on Correcting 402(g) Excess Deferrals
“My plan needs to correct some 402(g) excess deferrals for the 2017 plan year. In looking at some old Ask...
IRS Expands Audit Guidance for RMDs to 403(b) Plans
A memo says examiners should not challenge a 403(b) plan for violation of the RMD standards for the failure to...
Wisconsin-Based Diocese Closes Pension Plan
The plan was frozen in 2007 and replaced with a 403(b) plan.
(b)lines Ask the Experts – Amounts Allowed for 403(b) Hardships Under Budget Bill
“We currently sponsor an Employee Retirement Income Security Act (ERISA) 403(b) plan and allow hardship withdrawals for elective deferrals, but...
Original Case Against NYU 403(b) Plans Going to Trial
In addition, a federal judge dismissed a third complaint against NYU—naming its adviser as a defendant—as a duplicative action.
Distributions When Switching Jobs Within Same Denomination
“I work as an administrator in my local church—recently hired in this position after working in the same position for...
Using Hours of Service to Calculate Eligibility
“Our firm sponsors an Employee Retirement Income Security Act (ERISA) 403(b) plan that has a two-year service requirement (100% vested...
Plan Sponsors Should Remind Participants About the Saver’s Credit
Many participants do not know about the credit, the Transamerica Center for Retirement Studies found.
(b)lines Ask the Experts – Record Retention for Non-ERISA 403(b)s
“I read in an Ask the Experts column that the Employee Retirement Income Security Act (ERISA) requires plan sponsors to...
Hospital 403(b) Plan Faces Lawsuit Over Investment Share Class Selection
The plaintiffs claim plan fiduciaries repeatedly failed to monitor the share classes of mutual fund investments and to substitute less...
Products |
PlanMember Launches Collection of Websites
The provider of retirement planning services to public education and nonprofit organizations says that the websites provide information on retirement...
410(b) Coverage Testing for Firms With Both 401(k) and 403(b)
“I work for a firm that recently took over as third-party administrator (TPA) for the retirement plans of a large...
Third Complaint Against NYU 403(b) Plan Adds Adviser as Defendant
Allegations against Cammack LaRhette Advisors contend it gave “flawed advice” to plan fiduciaries regarding investments, which Cammack denies.