(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
August 1st, 2017

Millennials Lack Confidence in Social Security

Asked what type of retirement savings or pension they have, the most common response in each racial and ethnic group is that Millennials have no retirement savings or pensions.Read more >

Not All With Access to Retirement Plan Use It

Among private-industry workers, 66% had access to a retirement plan, but only 75% of this group either chose to or met eligibility requirements to participate, according to BLS estimates.Read more >

VALIC Names VP of Business Development

Mike Hall has been appointed vice president of business development by VALIC. He will work through advisers, consultants, and plan sponsors to secure new group relationships.Read more >
When Nondiscriminatory Compensation Under 414(s) Applies
“A Section 414(e)(e) religious organization, that does not meet the definition of church or qualified church-controlled organization QCCO under Section 3121(w)(3)(A) and (B), and elects not to be covered by the Employee Retirement Income Security Act (ERISA), sponsors a 403(b) plan with employer matching contributions. Would the plan need to provide that its definition of compensation is nondiscriminatory under 414(s)?”Read more >

LGBTQ Americans Struggle With Saving for Retirement

Seven in 10 LGBTQ Americans say they are behind on saving for retirement, according to a study by MassMutual. Fifty-four percent reported they wish their employer provided more education about retirement savings.Read more >

Treasury to Wind Down myRA Program

The U.S. Department of the Treasury announced that it will begin to wind down the myRA program after a thorough review by Treasury found it not to be cost effective.Read more >

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

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