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April 9th, 2021 Information & Insights for the 403(b) Community IRS Reveals Retirement Plan Compliance Initiatives The agency plans to examine worker classifications, RMDs in large DB plans and participant loans, as well as do a compliance check about partial plan termination and partial vesting, among other things. Vanguard Report Underscores the Power of Automatic Enrollment Over time, 90% of participants who are automatically enrolled in their retirement plan increase their deferral rates, either through automatic escalation or on their own. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” Near-Retirees Flummoxed by Social Security Benefits Respondents to a survey by MassMutual revealed certain topics they have questions about. Health Care Plan Selection Can Hamper Retirement Savings Voya finds that HDHPs paired with HSAs are often a more optimal choice for participants than PPOs. 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