(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
August 21st, 2018

Plaintiff Again Fails to Prove Standing in Voya Stable Value Challenge

Voya has again defeated a lawsuit alleging violations of the Employee Retirement Income Security Act (ERISA) related to its offering of stable value fund investments to the Cedar-Sinai Medical Center 403(b) Retirement Plan. The court found that the plaintiff still has not plausibly alleged that Voya keeps the spread—the difference between the guaranteed credited rate and the internal rate of return—that it earns from the plan’s separate account assets in its own account.Read more >

Securian Expands Financial Wellness 360 for Plan Sponsors

Among other features, the program delivers worksite seminars allowing employees to learn about financial principles that are relevant to them, including personal finance and retirement strategies.Read more >
Why Some 403(b)s May Delay Form 5500 Filing
“Why do some 403(b) plan sponsors delay their Form 5500 filings, and do the Experts have any thoughts as to best practice?”Read more >

Retirement Industry People Moves

AndCo acquires public funds consulting practice, LeafHouse hires VP of key accounts, OneAmerica appoints SVP of enterprise operations, and relationship manager joins SageView’s southeast division.Read more >

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

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