(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
August 2nd, 2016

Participation in Retirement Plans Low for Private-Industry Workers

The participation rate for employer-sponsored retirement benefits, which include defined benefit and defined contribution plans, was 54% for civilian workers, 49% for private-industry workers and 81% for state and local government workers, according to data from the Bureau of Labor Statistics.Read more >

Standing Up to the Possibility of Employee Pushback

Plan sponsors often feel nervous about making changes that could create short-term issues. But a number of these improvements clearly benefit participants in the long term.Read more >
For 403(b) plans that haven’t yet embarked on fund and provider consolidation, there remain opportunities to build participant-friendly and cost-effective plan designs, a paper from Rocaton Investment Advisors suggests.Read more >

Form 5500 Reporting on Missing Participants Clarified by IRS

Based on comments received in response to a Paperwork Reduction Act notice regarding the 2016 Form 5500 and Form 5500-SF, the Internal Revenue Service (IRS) announced that filers who have made a concerted effort to locate missing participants will face less of a reporting burden associated with the missing individuals.Read more >

9th Circuit Weighs In on Dignity Health’s Church Plan Status

The 9th U.S. Circuit Court of Appeals has ruled that Dignity Health’s pension plan is subject to the requirements of the Employee Retirement Income Security Act (ERISA) and does not qualify for ERISA’s ‘church plan’ exemption.Read more >

457(f) Plans and Proposed Regulations

“Our 403(b) plan recordkeeper informed us that the Internal Revenue Service (IRS) recently released proposed regulations regarding 457(f) plans. What is a 457(f) plan? Is it something we should consider sponsoring? I work in the benefits office of a large 501(c)(3) health care organization.”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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