(b)lines Ask the Experts – 403(b) Contributions and Tax Reporting
April 3, 2012 (PLANSPONSOR (b)lines) – “I am a fairly new employee at a nonprofit hospital, who made elective deferrals to a 403(b) plan for the very first...
Ask the Experts
(b)lines Ask the Experts – Universal Availability Exclusion
March 27, 2012 (PLANSPONSOR (b)lines) – “Though I have discussed the administrative burden of utilizing such an approach, some of my 403(b) plan sponsor clients wish to exclude...
(b)lines Ask the Experts – Lifetime Income Options for 403(b) Plans
March 20, 2012 (PLANSPONSOR (b)lines) – “I read last week's Q&A regarding age 70 1/2 required minimum distributions (RMDs) and was wondering, with all the talk about the...
(b)lines Ask the Experts – RMDs for Rolled Over Balances
March 13, 2012 (PLANSPONSOR (b)lines) – “I was reading your recent Q&A regarding the hire that was over age 70 ½ years of age which stated that the...
(b)lines Ask the Experts – Age Restriction for Plan Eligibility
March 6, 2012 (PLANSPONSOR (b)lines) – “I was recently hired by the benefits department of a private university, and was surprised to see that employees are not eligible...
(b)lines Ask the Experts – Hiring Someone Older than 70 ½
February 28, 2012 (PLANSPONSOR (b)lines) – “A trend at the museum at which I work is to hire individuals who have retired from other fields. Often these individuals...
(b)lines Ask the Experts – Automatic Cashout of Less than $5000 Balances
February 14, 2012 (PLANSPONSOR (b)lines) – “Our ERISA 403(b) multiple-vendor plan does not currently have a automatic cashout provision, and I would like to amend our document to...
(b)lines Ask the Experts – Fee Disclosure and Legacy Vendor Contracts
February 7, 2012 (PLANSPONSOR (b)lines) – “As an ERISA 403(b) plan sponsor, I was pleased to see that, in addition to delayed effective dates for vendor and participant...
(b)lines Ask the Experts – Prudently Monitoring Legacy Vendor Contracts
January 31, 2012 (PLANSPONSOR (b)lines) – “When I took over the benefits function at our company a year ago, I found a 403(b) provider arrangement that we had...
(b)lines Ask the Experts – Missed Age 70 ½ Distributions
January 24, 2012 (PLANSPONSOR (b)lines) – “I received reports from our plan vendor that appear to indicate several of our 403(b) plan participants who have turned age 70...
(b)lines Ask the Experts – The Effect of Lacking Guidance About Fee Disclosure
January 17, 2012 (PLANSPONSOR (b)lines) – “I hear that my 403(b) vendor is supposed to provide me with a new fee disclosure document (or fee addendum) by April...
(b)lines Ask the Experts – Who Is Responsible for Reporting Form 8955-SSA Data?
January 10, 2012 (PLANSPONSOR (b)lines) – “I have heard about this new requirement from the IRS requiring me to report information about participants with "deferred vested benefits" to...
(b)lines Ask the Experts – Form 8955-SSA Data from Vendors
January 3, 2012 (PLANSPONSOR (b)lines) – “I noticed in your most recent Ask the Expert column that, though there were not any significant year-end deadlines, that the new...
(b)lines Ask the Experts – Year-End Considerations
December 27, 2011 (PLANSPONSOR (b)lines) – “I am enjoying a wonderful Holiday Season! Can I sail right into the new year, or are there any surprises in store...
(b)lines Ask the Experts – RMDs Continue in Beneficiary Accounts
December 13, 2011 (PLANSPONSOR (b)lines) – "My father passed away in 2011, and I am the beneficiary of his 403(b) account. He had begun receiving age 70 ½...
(b)lines Ask the Experts – What IRS Holidays Would Allow for Extensions?
December 5, 2011 (PLANSPONSOR (b)lines) – “In this the holiday season, I was thinking about the holidays during the year that would essentially provide me with a one-day...
(b)lines Ask the Experts – Submitting Deferrals Timely during the Holidays
November 29, 2011 (PLANSPONSOR (b)lines) – “We maintain an ERISA-covered 403(b) plan. Our bi-weekly payroll cycle is scheduled to end on Friday, December 23, 2011.
(b)lines Ask the Experts – No Longer Tax-Exempt?
November 22, 2011 (PLANSPONSOR (b)lines) – “I understand that if a 501(c)(3) organization that sponsors a 403(b) plan is no longer a tax exempt entity under Code Section...
(b)lines Ask the Experts – Can a Plan Move from ERISA to non-ERISA?
November 15, 2011 (PLANSPONSOR (b)lines) – “I work with a 501(c)(3) Tax-Exempt organization (non-church, non government) that made employer contributions to individual 403(b) annuity contracts with a single...
(b)lines Ask the Experts – Why a 403(b), not a 401(k)?
November 8, 2011 (PLANSPONSOR (b)lines) – “As a new employee at a nonprofit, I have to ask—why do nonprofits have 403(b) plans in the first place? Could they...