IRS: No Mandatory Withholding for In-plan Roth Rollovers
Plan sponsors who are allowing direct Roth rollovers from 401(k) and 403(b) plans don’t have to worry about mandatory withholding for those “distributions.”
Tag: 403(b)
Retirement Group Releases 403(b) Auto Features Guidance
Retirement Made Simpler (RMS) released an online toolkit to provide employers with step-by-step guidance for implementing 403(b) plan automatic features.
Vendor Consolidation Helped Grow 403(b) Participant Base
Fidelity Investments reported a 20% increase over the past three years in the number of participants in its tax-exempt savings plans, which serve higher education, health care, and...
CPI Adds VALIC Fixed Interest Option
CPI Qualified Plan Consultants, a third-party recordkeeping and administration company, announced the addition of a third fixed-interest option from VALIC to the CPI platform.
The Hartford Offers New Participant Education Program
The Hartford Financial Services Group, Inc. launched a new educational program to encourage participation in defined contribution retirement plans, in recognition of national Save for Retirement Week
MassMutual Issues White Paper on 403(b) Regulations
MassMutual's Retirement Services Division published a white paper on the latest 403(b) regulations and the impact on fiduciary duties, including Form 5500 reporting/audit requirements and Internal Revenue Service...
ASPPA Demands 403(b) Form 5500 Extension
With a Friday filing deadline looming, a retirement services trade group has asked for more time for 403(b) sponsors to file the Form 5500.
House Approves Bill Allowing In-Plan Roth Conversions
The U.S. House of Representatives has approved a bill that includes provisions allowing retirement plan participants to roll over their assets into in-plan Roth accounts.
SPARK Issues Final Best Practices for 403(b) Filing Form 5500
The SPARK Institute has published the final version of its Best Practices for ERISA-covered 403(b) plans that must file a full Form 5500.
SPARK Issues Draft Best Practices for 403(b)s Filing Form 5500
The SPARK Institute has released for public comment draft Best Practices for ERISA-covered 403(b) plans that must file a full Form 5500.
U.S. Retirement Partners Adds to 403(b) Network
U.S. Retirement Partners (USRP) has acquired United Specialty Benefits (USB), which will be part of USRP’s national network that provides 403(b) retirement benefits and other services to the...
Not-for-Profit Assets Rebound to Over $1T
Total not-for-profit retirement plan assets exceeded $1 trillion as of March 31—the first time since 2007, according to a quarterly survey of plan service providers by LIMRA.
Washington-Baltimore Employers Increasingly Move to DC Plans
More employers in the Washington-Baltimore region are offering defined contribution plans rather than pensions, according to an annual survey of human resources officials.
Gallagher Releases Fiduciary Risk Mitigation Process Manual
Gallagher Retirement Services has released its 2010 editions of its Fiduciary Risk Mitigation Process Manual.
Accounting Firm Expands Audit Practice to Include 403(b)s
CNM LLP, an independent accounting and advisory services firm, has announced the expansion of its Employee Benefit Plan Audit practice to include 403(b) plan audit services for nonprofit...
AUL Allows Advisers to Customize Revised Annual Plan Reviews
Earlier this year, AUL Retirement Services introduced a revised annual plan review for its clients and expanded the customization options for retirement plan advisers.
Recession No Hindrance to 403(b) Transformation
Despite having to comply with a new set of regulations during one of the worst economic downturns, the 403(b) plan market appears to be healthier than ever, according...