ADMIN’s CEO, Mark Heisler, was recently invited to partake in a video case study for one of our clients, the Anglican Church of North America (ACNA). The video was created to detail some of the challenges ACNA faced with their multi-location retirement plan. The organization was operating two separate retirement plans with two recordkeepers and with little operational conformity. ACNA, with this assistance of its retirement plan consultant, ...
RETIREMENT BENEFITS
THE RIGHT RETIREMENT PLAN FOR YOU
Unlike for-profit companies, those in the tax-exempt space can often have an array of retirement plan types to choose from. Often, when speaking with prospective clients, ADMIN’s team receives an array of questions from employers who are looking to find the plan that is best for them and their employees. With this in mind, we wanted to dedicate a bog post to help those in this unique retirement space determine what plan is right for you and how a ...
2020 UNIVERSAL AVAILABILITY REMINDER
Believe it or not, we are about to enter the last quarter of 2020. With this in mind, ADMIN Partners would like to remind 403(b) Plan Sponsors of their 2020 Universal Availability requirement and how we can help! UNIVERSAL AVAILABILITY Each year, the IRS requires 403(b) retirement Plan Sponsors to notify all eligible employees that the Plan is available for their participation. As we enter the last few months of 2020, ADMIN Partners would ...
403(B) BENEFITS: CHURCH & RELIGIOUS ORGANIZATIONS
Over the years, ADMIN Partners has used this blog as a way to educate our community on the services we offer and provide insights into the retirement planning industry. We have also used this platform as a way to examine how retirement planning impacts the various clients that we service. You may have seen us discuss the benefits a 403(b) plan brings to non-profit organizations and even how those working in public education can better plan for ...
403(b) BENEFITS: CHURCH & RELIGIOUS ORGANIZATIONS
Over the years, ADMIN Partners has used this blog as a way to educate our community on the services we offer and provide insights into the retirement planning industry. We have also used this platform as a way to examine how retirement planning impacts the various clients that we service. You may have seen us discuss the benefits a 403(b) plan brings to non-profit organizations and even how those working in public education can better plan for ...
ADMIN EDUCATION: REQUIRED MINIMUM DISTRIBUTIONS
If you have been following ADMIN Partners for a while, you know just how deeply we believe in providing people with education on retirement planning. As an independent TPA who specializes in plan compliance and administration, we understand that everyone from Plan Sponsors and Participants to Financial Advisors find value in retirement education. With this in mind, ADMIN’s team is starting the new blog series, ADMIN Education, dedicated to ...
OUR HAND HOLDING APPROACH
The past few weeks have been nothing short of challenging for organizations and individuals across the nation. As the spread of the Coronavirus continues, ADMIN’s dedicated team has been working closely with our clients to lend a helping hand during this difficult time. From providing education on the evolving retirement market to assisting those who find themselves in a financial hardship due to COVID-19, ADMIN is here to help. With this in ...
403(b) PLAN DOCUMENT RESTATEMENT EXTENSION
403(b) Plan Document Restatement Extension On Friday March 27th the IRS (Internal Revenue Service) announced an extension of the last day of the initial remedial amendment period for Section 403(b) plans from March 31, 2020, to June 30, 2020. This means that Plan Sponsors now have until June 30th of 2020 to adopt the pre-approved and individually designed 403(b) plan documents. This additional 90-day extension is welcome news, particularly ...
ADMIN AT THE 2020 NTSA SUMMIT
The last week of January was a busy one for the ADMIN team, especially for Mark Heisler and National Sales Manager, Greg Verna who attended the 2020 NTSA Summit in Denver, Colorado. The National Tax-Deferred Savings Association (NTSA) is the industry association dedicated to the 403(b) and 457(b) retirement markets. This year, the NTSA offered educational workshops on a variety of technical plan compliance topics as well as business building ...
INDUSTRY INSIGHTS: COMMON REMITTANCE
If you have followed along on the ADMIN Partners blog, it’s likely that you have heard us use language specific to the retirement planning industry. However, we realize that not all of our audience is an expert when it comes to the retirement market. With that in mind, we wanted to share some insights on terms that you might hear us, as well as other retirement firms, toss around in conversation. This week we are exploring common remittance. ...
INDUSTRY INSIGHTS: DATA AGGREGATION
If you have followed along on the ADMIN Partners blog, it’s likely that you have heard us use language specific to the retirement planning industry. However, we realize that not all of our audience is an expert when it comes to the retirement market. With that in mind, we wanted to share some insights on terms that you might hear us, as well as other retirement firms, toss around in conversation. This week we are exploring data aggregation. ...
SINGLE VS. MULTI-VENDOR PLANS
If you have been following our blog for some time, you have heard us talk about the single vs. multi-vendor arrangements available to 403(b) plans. This option is unique to 403(b) plans and can cause uncertainty when employers are establishing a plan for their organization. How do you know which setup works best for your 403(b)? Luckily for employers, there is no right or wrong answer to this question. The decision on which setup you choose ...
