Nonprofit 403(b) Retirement Planning: Employer Compliance & Employee Rollover Strategies
Two paths, one advisor — find what applies to you.
A note of transparency
One significant drawback of becoming my client is that I operate as a one-person business. If anything were to happen to me, or if I decide to retire within the next ten years, you would need to find a new financial advisor.
I have considered hiring an assistant to take over in the future, but I don't feel comfortable with that approach for my clients. I prefer the direct accountability of our 1-on-1 relationship.
Tim Hayes, AIF®
Independent Fiduciary · Massachusetts
Not-for-Profit Employers
Plan Restatement
- The IRS Cycle 2 Deadline: Why all 403(b) plans must be legally restated by December 31, 2026.
- Compliance Verification: Confirming your plan document reflects SECURE 2.0 changes and current IRS guidance.
- Fiduciary Audit Protection: Steps to ensure your organization’s tax-exempt status remains intact.
Fiduciary Templates
- For Current Plans, I develop templates for not-for-profit ERISA 403(b) plans that provide tailored investment recommendations, reports, and all necessary fee and compliance documents.
- For plan participants, I offer investment advice and encourage participants to complete an online risk profile assessment, which helps guide account rebalancing and contribution allocation.
- For new plans, I evaluate and implement the most appropriate retirement plan for not-for-profits, including ERISA 403(b) or employee-only 403(b) contribution plans.
Benefit Enhancements
Under the SECURE 2.0 Act, employers can treat student loan payments as eligible for retirement plan matching.
A simple way to:
Improve participation among younger employees
Deliver meaningful benefits without increasing match costs
Strengthen recruitment and retention
Questions about your 403(b) plan compliance — Call Tim directly: (508) 277-5847
Nonprofit Employees
Rollover Timing
IRA Rollover Timing: Coordinating the move from a 403(b) to a rollover IRA without triggering tax spikes.
IRMAA Surcharge Mitigation: Strategic income planning to keep Medicare Part B and D premiums at the lowest possible tier.
The High-Income “Exit” Strategy: Transitioning from high-salary years to tax-efficient retirement distributions.
Roth Mandates
Starting January 1, 2026, if you are 50 or older, your “extra” savings (catch-up) must be placed into a Roth account.
The Amount: $8,000 (or $11,250 if you are between 60 and 63).
The Strategy: Maximize Your Tax-Free Growth
The IRS separately tracks your Roth funds. Since they never see another dollar of it, this is where you put your most aggressive, high-growth investments.
Claiming Strategies
Optimal Claiming Ages: How the 8% annual delay credit impacts lifetime income for those with and without pensions.
Spousal & Survivor Coordination: Maximizing the “floor” of guaranteed income for couples.
2026 COLA & Tax Integration: Understanding how Social Security fits into your overall 2026 tax bracket.
Find out how to coordinate your 403(b) or IRA rollover with Social Security and your retirement timeline — Call Tim directly: (508) 277-5847
Credentials & Professional Designations
Securities Licenses
- Series 7 - General Securities
- Series 66 - Investment Advisor
- Series 6 - Mutual Funds/Annuities
- Series 63 - State Law
Additionally licensed for Fixed Annuities, Life, Health, Disability, and Long-Term Care.
Designations
- Accredited Investment Fiduciary (AIF®)
- Chartered Retirement Plans Specialist (CRPS®)
- Certified Tax Specialist (CTS™)
- National Social Security Advisor (NSSA™)
- Accredited Portfolio Mgmt Advisor (APMA®)
- Certified Estate Specialist (CES™)
- Certified Annuity Specialist (CAS®)
- Accredited Wealth Mgmt Advisor (AWMA®)
- Certified Fund Specialist (CFS®)
Trusted Multi-Generational Financial Advisor Prioritizing Family Goals
“Tim has been our financial advisor for many years. He knows our family and has aligned his expertise with our goals. He has our best interest in mind and goes above and beyond in strategizing our portfolio in this ever changing landscape. We entrust him with three generations in our family and value our relationship.”
The Bryk Family
Clients
Testimonial Disclosure: Testimonials are based on individual client experiences and may not represent the experiences of all clients. They are not a guarantee of future performance. Each client’s situation is unique. No compensation has been provided for these testimonials.