(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
April 30th, 2019

Recordkeeper Consolidation Creates a Smaller Pool of Plan Sponsor Choices

Recordkeeper consolidation is ongoing, but it offers an opportunity for plan sponsors to secure better services and software, and better fees.Read more >

Vanderbilt 403(b) Decision Marks Emerging Data Issues for Fiduciaries

Under the terms of a recently revealed settlement agreement, Vanderbilt 403(b) plan fiduciaries will have to contractually prohibit recordkeepers and other service providers from using plan participant data for the purposes of cross-selling.Read more >

Parties in Dignity Health Church Plan Lawsuit Announce Agreement to Settle

The case made it to the Supreme Court, which ruled plans maintained by principal-purpose organizations can qualify as “church plans;” however, it did not rule that the hospital was a principal-purpose organization.Read more >
Grandfathered Life Insurance Contracts in 403(b) Plans
“I work for an Employee Retirement Income Security Act (ERISA) 403(b) plan sponsor. In a review of some frozen contracts to which contributions are no longer made, I discovered what appear to be some life insurance contracts. I am confused—I thought life insurance was no longer permitted in 403(b) plans! Is there some grandfathering of old contracts about which I should be aware?”Read more >

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

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