Pamela Faccone, a Newark- based employee for 31 years from 1987 and 2018, said she feels "shocked and betrayed." She counted on these so-called RMSA funds of $94,000 for health-care premiums and medical expenses for the rest of her life. Based in Malvern, Pa., Vanguard initially cut the benefit entirely with one day's notice, but reversed the decision after an outcry.
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Transamerica Celebrates 2021 PSCA Awards with Retirement Plan Sponsors
PSCA s Signature Awards recognize four retirement plan sponsors and Transamerica for exemplary education and communications
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BALTIMORE, May 4, 2021 /PRNewswire/ The Plan Sponsor Council of America (PSCA) awarded four retirement plan sponsors and Transamerica as the plan provider with 2021 Signature Awards for the plan s retirement plan education and communications programs. The PSCA honors retirement plan providers and sponsors for the best communications, focusing on creativity, unique themes, and tangible outcomes.
Transamerica retirement plan clients that are recipients of PSCA s 2021 Signature Awards include:
Mission Health (First place; Category: Promoting Participation)
American Retirement Association Issues Public Comment on IRS Notice
Targeted News Service
Kelsey Mayo, director for regulatory policy, at the
American Retirement Association,
Arlington, Virginia, have issued a public comment on the
Internal Revenue Service notice entitled Request for Comments Regarding Protection of ERISA Sec. 205 Spousal Rights Under a Terminating Sec. 403(b) Plan Funded Through the Use of Custodial Accounts . The comment was written on
Feb. 3, 2021, and posted on
Feb. 4, 2021:
The American Retirement Association ( ARA ) is writing in response to Internal Revenue Service Notice 2020-80, regarding comments on the application of section 205 of ERISA in connection with a distribution of an individual custodial account in-kind under section 110 of the SECURE Act (Public Law 116-94) for a Sec. 403(b) plan participant. ARA thanks the
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