ERISA Excessive Fee Suit Filed Against University of Rochester
The suit challenges fees paid to provider TIAA.
Tag: 403(b) plans
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...
(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...
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...