One of the new and final regulations to 403 b plans is ones that are funded through annuity contracts. The plan must provide a predetermined formula for distributing the funds in the plan after a fixed number of years or after an occurnace of an event such as a layoff, illness, disability, retirement or death. This is a new 403b distribution rule.
The final regulations also generally follow the 401 k rules for determining whether there is severance from employment, which would permit distributions or omit the ability to make elective deferrals.
For purposes of distributions from a 403b plan, they now provide that a seeverance occurs whan an employee ceases to be employed by an eligible employer that maintains the 403b
An employee transferring from a tax exempt parent to a for profit.
New 403b Rules
Monday, May 12, 2008
Thursday, May 1, 2008
Servicing Company - Service Plan 401k
Whether you are a small business, medium sized company or larger corporation, having the right 401k servicing company is a must. An administrator broker dealer company should be well versed in the current laws and regulations dealing with 401k rules and the servicing plan company should meet frequently with the HR Manager or Owner of the corporation to discuss matters of interest relating to servicing, including fees.
The employees of the firm will expect top notch and attentive service and education related to the 401 k plan. These servicing areas should include investment choices, funds, fees, contribution limits and maximums and regulations that could effect the plan and the employees participating.
American Investment Training is the premier company offering education to the broker dealer community and they provide a free service to companies seeking advice or have a 401k adminstration, servicing or regulation question relating to 401k plans or other corporate retirement planning questions. Service companies work with AIT and a list of the top 401k broker dealers can be provided to you.
If you currently have a 401k or other retirement plan and are not being properly informed of current tax law changes, service plan rules and regulations, being charged fees that are not disclosed or unlcear, you can submit a request or ask a question of the investment specialists at American Investment Training.
The form to submit is on their Company Retirement Plan Questionhelp page.
Stay informed and educated when it comes to company retirement plan administration and the current regualtions and rules for 401 k plans.
The employees of the firm will expect top notch and attentive service and education related to the 401 k plan. These servicing areas should include investment choices, funds, fees, contribution limits and maximums and regulations that could effect the plan and the employees participating.
American Investment Training is the premier company offering education to the broker dealer community and they provide a free service to companies seeking advice or have a 401k adminstration, servicing or regulation question relating to 401k plans or other corporate retirement planning questions. Service companies work with AIT and a list of the top 401k broker dealers can be provided to you.
If you currently have a 401k or other retirement plan and are not being properly informed of current tax law changes, service plan rules and regulations, being charged fees that are not disclosed or unlcear, you can submit a request or ask a question of the investment specialists at American Investment Training.
The form to submit is on their Company Retirement Plan Questionhelp page.
Stay informed and educated when it comes to company retirement plan administration and the current regualtions and rules for 401 k plans.
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