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April 14th, 2020 Information & Insights for the 403(b) Community Talking Points to Help Participants Navigate Market Volatility Certain concepts should be communicated clearly to retirement plan participants so they don’t make decisions that may hurt their retirement readiness. Ensuring Cybersecurity in a Remote Work Environment Extra measures need to be taken for HR and benefits staff working from home to keep employee and retirement plan data secure. Ask the Experts Does SECURE Act Make It Easier to Terminate a 403(b)? “I heard that the new SECURE Act retirement plan legislation may have made it easier to terminate a 403(b) plan. If this is the case, can the Experts clarify?” CARES Act’s Provisions Are Well-Intentioned but Could Harm Retirement Readiness Reminders about the long-term effects of plan leakage on retirement savings could protect retirement plan participants from making harmful decisions. Appellate Court Says Mercy Health’s Pension Plan Is a Church Plan However, the case was sent back to a federal district court to determine whether ERISA’s church-plan exemption violates the Establishment Clause. MassMutual Offers CARES Act Provisions to Retirement Plan Clients Plan sponsors can ‘opt-in’ to offer the provisions to participants. OneAmerica Forgives Hardship Withdrawal Fees The recordkeeper is making the move in response to the CARES Act. Transamerica Takes Steps to Help Plan Sponsors, Participants During Coronavirus The retirement plan provider is waiving certain fees and has established a dedicated team to support participants in their decision making. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850