view in browser | plansponsor.com

April 23rd, 2024 Information & Insights for the 403(b) Community Competing Priorities Pose Challenges to Gen Z, Millennial Workers Saving for Retirement Employers should encourage younger workers to build emergency savings before contributing toward the company match and paying off student debt, says author Anne Lester. Employers Risk Facing Turnover Without Comprehensive Benefits Offerings Seven in ten employees said they would be willing to change jobs in exchange for better benefits, according to new research from Nuveen. Ask the Experts Can High Annual Employee Turnover Trigger a Partial Plan Termination? Q: I read with interest your Ask the Experts column on retirement plan considerations when laying off employees, which stated that the IRS flags situations for possible partial plan termination where at least 20% of active plan participants lose coverage under the plan due to an employer-initiated termination. We are a home health care provider where annual turnover rates exceeding 20% are the norm rather than the exception. Should I be concerned about a partial plan termination situation? American Adults Show Lack of ‘Retirement Fluency’ Understanding retirement-related topics like Medicare coverage and life expectancy were most difficult for respondents, according to TIAA and the Global Financial Literacy Excellence Center. 403(b) Plans An examination of the challenges and considerations employers face when offering 403(b) plans. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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 300, Rockville, MD 20850