(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
August 16th, 2016

DC Plan Participants Would Appreciate a Savings Nudge

Defined contribution (DC) retirement plan participants strongly value their workplace retirement plan and would like to see their employers do more to help them save because, looking back on their savings history, they regret not doing more to prepare for retirement, according to findings of an American Century Investments survey.Read more >

An Analysis of DC Plan Retirement Income Generating Strategies

A research report identifies potential strategies for setting up retirement income solutions in DC plans and considerations for plan sponsors and advisers.Read more >
A white paper suggests not only that DC plan participants increase their savings rate, but that investment options should be adjusted to address potential lower stock and bond returns in the coming years.Read more >

Employees Need Education About Benefits Post DOMA Rulings

Roughly 50% of LGBT employees are still unsure of the impact recent court decisions effectively striking down the Defense of Marriage Act will have for their workplace benefits, according to a Lincoln survey.Read more >

More University 403(b) Plans Targeted in Excessive Fee Suits

Excessive fee lawsuits have been filed against 403(b) plans of Emory University, the University of Pennsylvania, Johns Hopkins University and Vanderbilt University.Read more >

Retirement Industry People Moves

Multnomah Group and Hyas Group hire consultants, and TIAA acquires EverBank.Read more >

Beneficiary Rules for Non-ERISA Church Plans

We are a denominational church plan that has not elected to be covered by the Employee Retirement Income Security Act (ERISA). A participant has remarried after his first wife died. He and the current wife signed a prenuptial agreement that said the balance of his 403(b) plan at the time of the marriage would go to his children from his first marriage in the event of his death; any accumulation afterward would belong to her. The plan provisions state that the spouse is the primary beneficiary unless he/she waives that right in writing. Is this agreement sufficient for the new wife to waive her rights to the 403(b) plan?”Read more >

David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice.

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

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