(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
April 27th, 2018

Plaintiff in UPenn 403(b) Suit Asks for Amicus Briefs to Not Be Accepted

The plaintiff argues the briefs filed in support of the University of Pennsylvania provide the university an argument word-count advantage and seek to inject irrelevant issues that are not before the court. Read more >

Increased Savings Rates and Auto Escalation Can Boost Retirement Income

Those who are contributing less than 3% to a retirement plan are on track to replace 59% of their income in retirement, whereas those who contribute 10% or more are on track to replace 128% of their income, an analysis from Empower found. 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


Access to Planning Information Correlates With Retirement Readiness

Overall, American workers are satisfied with the amount of information their employer provides about retirement options. However, workers at small companies (fewer than 50 employees) are two times more likely than employees at larger companies to feel their employer is not helpful at all with retirement planning, a survey by the Indexed Annuity Leadership Council finds. Read more >

Individuals Expect More From Social Security Than What Reality Shows

Tina Ambrozy, president of sales and distribution at Nationwide, warns of a major disconnect between what consumers think their Social Security benefit will be—and what this amount will cover—compared to reality. Read more >

Helping Retirement Savers Feel Confident

The latest Retirement Confidence Survey from the Employee Benefit Research Institute shows confidence in specific factors for retirement readiness is lower, and sources offer suggestions for how retirement plan sponsors and advisers can help. Read more >

Teachers’ Group Issues Report About Gun Manufacturer Investments

The report creates a watch list of investment managers that invest millions of dollars in companies that make as.sault weapons. Read more >

DOL Issues More Guidance Related to ESG Investing in DC Plans

In a new Field Assistance Bulletin, the Department of Labor (DOL) clarifies how environmental, social and governance (ESG) investment considerations should be made under the Employee Retirement Income Security Act (ERISA) if ESG policies are included in investment policy statements (IPS) and when choosing qualified default investment alternatives (QDIAs). Read more >

FPS Group Updates IPX Platform Supporting 403(b), 457(b) Advisers

James Olson, managing director of FPS Group, says IPX is “a modernization of traditional recordkeeping platforms that serve plans with multiple providers.” The solution was created following 2009 regulatory changes, which sought to structure the 403(b) offering similarly to the traditional 401(k) retirement savings vehicle. Read more >

Break From the Grind: Inflation Analysis Puts Tooth Fairy Gifts into Perspective

Older generations, like the Baby Boomers and Gen Xers, were receiving a lot more money than younger generations when the average Tooth Fairy gift is adjusted for inflation. Read more >

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

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

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