Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Pension Administrator

Creative Pension Consultants, Inc.
(Remote / Albany NY)

Creative Pension Consultants, Inc. logo

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

Quality Assurance Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Retirement Plan Relationship Manager/Consultant

The Retirement Plan Company (TRPC)/an ABG firm
(Remote)

The Retirement Plan Company (TRPC)/an ABG firm logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Senior Plan Administrator

Atlantic Pension Services Inc
(Remote / Kennett Square PA / DE / MD / NJ)

Atlantic Pension Services Inc logo

ERISA Counsel

Human Interest
(Remote)

Human Interest logo

Plan Compliance Analyst (Administrator)

RPA
(Remote)

RPA logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>



How to Deal with 'Small Amount' 403(b) Annuities of Former Participants
Business of BenefitsLink to more items from this source
Jan. 12, 2015
"Perhaps the most persistent of the [403(b)] regs' shortcomings is the failure to adequately recognize, and deal with, the fact that individuals -- and not plan sponsors -- control vast aspects of plan operations under individually owned annuity contracts and custodial accounts. This results in circumstances (often in the otherwise most simple matters) which offer no easy solutions, compelling us to seek unique procedures addressing some of this regulatory myopia's most difficult effects.... Though the 'small amount' rules of 401(a)(31) do apply to 403(b) plans, how do you distribute small amounts out of an individually owned contract over which the plan has no ability to force a cash rollover?"

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022 BenefitsLink.com, Inc.