view in browser | plansponsor.com

August 21st, 2020 Information & Insights for the 403(b) Community IRS Issues NPRM for Qualified Plan Loan Offset Amounts The Tax Cuts and Jobs Act provided for an extension of the period a retirement plan participant has to roll over plan loan offset amounts in certain cases. DOL Releases Interim Final Rule on Lifetime Income Illustrations The interim final rule includes assumptions plan administrators must use to calculate estimated lifetime benefit payments to be included on retirement plan participant statements. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” DOL Issues NPRM on PEP Provider Registration Providers of pooled employer plans (PEPs) must first register with the DOL before plans can begin operating. Almost Half of Retirees Cannot Maintain Spending Those who failed to preserve spending were also more likely to owe mortgage payments, choose lump-sum annuity options and claim Social Security benefits before age 62.  GAO Explores Reasons for Women’s Retirement Insecurity The report was requested by U.S. Senators to inform public policy to improve women's retirement security. Security Benefit Introduces Mobile App for Retirement Plan Participants The firm says it is trying to bring the services and technological conveniences typically offered to large plans to the smaller 401(k) and 403(b) market. More Americans Considering Move From the U.S. Election uncertainty and financial challenges caused by the COVID-19 pandemic are a couple reasons International Living says it has seen a more than five-fold increase in traffic to coverage about planning a move. 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