For more stories like this, sign up for the PLANADVISERdash daily newsletter.
Products May 2, 2018
NTSA Issues Best Practices Guide for 403(b) and 457 Plans
The guide includes information on rollovers, loans, hardship withdrawals and much more.
Reported by Lee Barney
The National Tax-Deferred Savings Association (NTSA) has issued a new guide, “Best Practices for 403(b) and 457(b) Plans,” to assist plan sponsors, consultants, distributors, product providers and third-party administrators (TPAs) with critical information.
The information includes guidance on:
- Distributions from 403(b) plans
- Rollovers
- Loans
- Hardship withdrawals
- Exchanges
- Issues related to deselected providers
- Orphan accounts
The guide is available both to NTSA members and non-members. Those who are not a member can inquire about purchasing the guide from Elizabeth Duda at eduda@usaretirement.org.
You Might Also Like:
Bill to Allow CITs in 403(b) Plans Introduced in Senate
The introduction of the bill comes after a similar proposal was passed by the House of Representatives on March 8.
Fidelity 401(k) Millionaire Totals Rebound in Q4 2023
The total number of 401(k) accounts exceeding $1 million at Fidelity increased in last year’s final quarter.
Can 403(b)s and CITs Some Day Be Friends?
Legislation to permit the pooled investment into 403(b) plans continues to inchworm its way through Congress.
« Treasury Rates’ Slow Upward March Boosted Pension During April