(b)lines Ask the Experts – Turning Salary Into Employer Contributions When Limits Are Met
“One of our employees, who consistently defers the maximum to both our 403(b) retirement plan and 457(b) deferred compensation plans,...
Tag: 403(b) plans
Health Care Provider Accused of Excessive Fees in 403(b) and 401(k) Plans
A lawsuit alleges that the defendants failed to take advantage of the plans' bargaining power by only offering actively managed...
(b)lines Ask the Experts – Paying for Retirement Incentives by Reducing 403(b) Contributions
“I work with a higher education institution that is attempting to incentivize some of our faculty who have reached traditional...
403(b)s Show Improvement in Use of Considered Best Practices
More are using automatic plan features, fiduciary advisers and investment policy statements, PSCA finds.
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403(b) and 457(b) Plan Recordkeeper Enhances Platform
IPX is a modernization of traditional recordkeeping platforms that serve plans with multiple providers.
(b)lines Ask the Experts – Annuity General Accounts Versus Separate Accounts
“I work for a plan sponsor that maintains a 403(b) plan with annuity contracts.
(b)lines Ask the Experts – Can Tribal Governments Sponsor 403(b)s?
“I was recently hired to work with an entity that is a Native American Tribal Government. Can it sponsor a...
Duke University Charged in Second 403(b) Plan Lawsuit
While the first lawsuit focused on excessive recordkeeping, administrative and investment fees, the new lawsuit focuses specifically on the university’s...
Plaintiff in NYU 403(b) Plans Lawsuit Asks for Committee Members to Be Removed
In a decision granting victory to New York University, a federal judge noted “deficiencies in the Committee’s processes—including that several...
(b)lines Ask the Experts – Why 403(b) Assets Are Generally Not Held in a Trust
“Why are 403(b) plan assets generally not held in a trust?”
Charter School Reprimanded for Late Deposit of 403(b) Deferrals
“The school has been deemed non-compliant with its contractual obligations regarding financial management as identified in the charter operating agreement,”...
All 403(b) Plan Sponsors Should Focus on Document Remedial Amendment Period
403(b) plan sponsors have until March 31, 2020, to adopt a pre-approved plan document and to make sure their plan...
NYU Claims Victory in 403(b) Plans Lawsuit
In the first university 403(b) plans case to go to trial, a federal district court found the plaintiffs have not...
Bill Would Establish Personal Savings Accounts Based on TSP
The concept is being reintroduced through the American Savings Act
Brown University 403(b) Plans Suit Moves Forward
A federal judge denied dismissal of plaintiffs’ allegations that a prudent fiduciary would have chosen one—rather than two—recordkeepers; that a...
(b)lines Ask the Experts – Must Participants Take All Other In-Service Distributions Before a Hardship?
“Our 403(b) non-electing church plan offers safe-harbor hardship distributions. The plan also offers in-plan distributions of rollover contribution balances and...
Church Plan Operating Under Rules of ERISA Has Not Elected to Be an ERISA Plan
Since the Supreme Court decision about the definition of church plan under the Employee Retirement Income Security Act, the Internal...
(b)lines Ask the Experts – Must Plans Adopt Budget Act New Hardship Withdrawal Rules?
“I am aware from a prior Ask the Experts column that the Bipartisan Budget Act of 2018 made some changes...
(b)lines Ask the Experts – Direct Rollovers for 403(b) Plans Funded by 403(b)(7) Custodial Accounts
“Is a custodial account 403(b) plan under IRC 403(b)(7) an “eligible retirement plan” for purposes of the direct rollover rules?...
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.