I am, by some serious training and long experience, a corporate lawyer, having been put through the paces by two incredible general counsels: Jack Hunter of Lincoln Financial Group and Scott Campbell of Kellogg Company. Each of these gentleman made quite a study of their attendant Boards and the rules (both formal and informal) related
December 2011
DC Plans and the Recession Inequities
By Robert Toth on
Posted in General Comment
Many in the industry saw early on, and tried to address, the terrible disruption caused by the change in 403(b) regulations during the recession. In many circumstances, the transition to the new rules made amounts in many 403(b) contracts unavailable at a time when many teachers and employees of not-for-profit organizations (who were among the…
The 403(b) 8955 FAQ: Sophistication, Nicely Done
By Robert Toth on
Posted in 403(b)
Keeping it simple and sensible is never an easy task. As a matter of fact, it is extremely difficult to do, particularly when dealing with something as complex as 403(b) regulations. This is why the IRS’s recent release of its 8955 FAQ’s is so striking: in merely two FAQs, IRS and Treasury provided answers that…