(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
January 12th, 2018

CRR Finds Those at Risk for Having Inadequate Retirement Income Dropped

All groups of households experienced an improvement in risk, except middle-age and middle-income households, due in part to more non-mortgage borrowing. Read more >

Employees Want More Than Education on Retirement Savings

Alight Solutions’ 2017 Financial Mindset Study and the 2018 Hot Topics in Retirement & Financial Wellbeing reports find distinctions with what workers and employers believe are integral in financial education, and what both groups consider vital past the spectrum of retirement savings and insurance services. Read more >
ASK THE EXPERTS
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts


Debt Management Should Be a Factor in Retirement Security Policy

According to a National Bureau of Economic Research (NBER) working paper, researchers found it is not just the value of debt for people on the verge of retirement that has increased over time, but the proportion of debt to assets as well. Read more >

Avoid Inadvertently Defaulting Participant Plan Loans Post Tax Cuts

Drinker Biddle staffers Christine Kong, partner; Karen Gelula, counsel; and Monica Novak, associate, have published a new client alert analysis, offering some important observations about a few of the more obscure changes included in the Tax Cuts and Jobs Acts anticipated to impact employers and their retirement plans. The attorneys warn that many of the elements discussed here generally apply to plan years beginning after December 31, 2017. Following the GOP tax cuts, plan sponsors may wish to coordinate administration of their loan offset rollover rules with their third-party administrator (TPA) in order to avoid inadvertently defaulting participants’ plan loans. Read more >

Economies of Scale Strongly Benefit the Largest Plans

Institutional investors with less than $1 billion in assets paid 65% more for investment management than medium-size funds ($1 billion to $10 billion in assets) and 91% more than the largest funds (greater than $100 billion in assets), Callan found. Read more >

Incorporation of ESG Factors Into Institutional Investor Decisions Leveled Off

Callan says this is partly due to multiple years of investor education around ESG coming to fruition. Read more >

Investment Products and Services Launches

Invesco launches Peak Retirement Target-Date Fund Series, and Efficient Advisors launches mutual fund partnership with Dimensional. Read more >

Financial Soundings Solution Supports In-Plan Retirement

The firm’s retiree program is designed to provide plan participants the essential guidance needed to manage assets through retirement from within the qualified plan. Read more >

Break From the Grind: Cost of Pet Ownership Impacting Finances of Some Americans

More than one-third (37%) of respondents to an AICPA survey said they would sacrifice contributions to their retirement account to pay for pet-related expenses. Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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