Page 27 - Michaela Webb News Today : Breaking News, Live Updates & Top Stories | Vimarsana

What Are Surrender Fees? Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations. Reported by “ I work for a health care provider that maintains a 403(b) plan. I was recently informed that one of our legacy providers charges something called a ‘surrender fee.’ Can you explain what this is?” Charles Filips, Kimberly Boberg, David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, answer: A surrender fee is a charge for transf...

Self Employed Ministers’ 403(b) Contributions’ Effect on Compensation Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations. Reported by “ We are a church denominational 403(b)(9) plan which has not elected to be covered by the Employee Retirement Income Security Act (ERISA). Our participants include self-employed ministers. In Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans), the IRS instructs self-employed ministers that their includible compensation is net earnings from ministry minus contributi...

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.

457(b) Plan Contributions Based on Severance Pay Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations. Reported by “ I know from previous Ask the Experts column that you cannot make contributions to a 403(b) plan based on severance pay (payments to a former employee for NOT working). But what about 457(b) plans? Are the rules the same?” Charles Filips, Kimberly Boberg, David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, ...