(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
April 23rd, 2019

Employer-Provided Student Loan Repayment Programs Have Pros and Cons

Employers have a multitude of selections to sift through. Which ones should they consider implementing? Read more >

Social Security Depletion Date Unchanged

The OASI Trust Fund is projected to become depleted in 2034, the same as last year’s estimate, according to this year’s Trustees Report. Read more >

Council Makes Recommendations for Including Lifetime Income Options in QDIAs

The ERISA Advisory Council’s recommendations to the Department of Labor (DOL) include publishing guidance confirming that a named plan fiduciary may appoint a 3(38) investment manager to select and monitor annuity and other lifetime income providers, as well as modifying qualified default investment alternative (QDIA) regulations. Read more >
ASK THE EXPERTS
Vesting Rules for Governmental and Church Plans
“I read in a past Ask the Experts column that special pre-ERISA vesting rules apply to governmental and church retirement plans, but the Experts did not state what those rules are. Can the Experts elaborate?” Read more >

Actionable Steps Engage Employees in Financial Wellness Programs

Meredith Ryan Reid, with MetLife, says the human element is also really important. Read more >

Employees Rely on Employers for Financial Advice

Working with recordkeepers that offer financial wellness programs can help a market of plan participants underserved by individual retirement advisers. Read more >

DOL Fiduciary Responsibilities Seminar Coming to Detroit and Delaware

They are designed to increase plan sponsors’ and advisers’ awareness and understanding about basic fiduciary responsibilities when operating a retirement plan. Read more >

Sponsors Can Expect Expanding ESG Opportunities

One firm, for example, plans to soon roll out multiple additional products to complement its two existing ESG-labeled strategies—next will come ESG approaches to global equity and global income. Read more >

CUNA Mutual Introduces Financial Wellness Program

The program features a financial fitness assessment and score, personalized curriculum based upon needs and preferences, game mechanics, and one-on-one support from an internal team of retirement consultants. Read more >

Voya Financial Adds Support for Tax-Exempt Market

Voya Financial’s retirement business has hired Christopher Engelhardt as the newest leader to join its Strategic Relationship Management (SRM) team to support the company’s tax-exempt market business (TEM). In his role at Voya, Engelhardt will serve as vice president, client relationship director for TEM and primarily focus on executing plan retention and growth goals to support large plan sponsors (in excess of $100 million in AUM /AUA) in the health care and nonprofit segment. Read more >

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

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

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