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August 22nd, 2023 Information & Insights for the 403(b) Community Former Director Sues Howard University Pension Plan The former director of academic information resources at Howard University has sued the higher education institution, employees’ pension plan and Howard University Retirement Plan Committee.   TIAA Promotes Houser to Expanded Institutional Head of Sales Role TIAA is unifying all sales directors supporting nonprofit plan segments within institutional sales and promoting Houser to an expanded position, as head of institutional sales Ask the Experts How Will SECURE 2.0 Catch-Up Contributions Work In 2024, Beyond? Q: We employ several individuals who will have eligible wages in excess of $145,000 for 2023 and will thus be required to defer any catch-up amounts as Roth in 2024, per the SECURE 2.0 Act. However, we also have a few individuals whose eligible wages will be EXACTLY $145,000 in 2023. Will they still be able to defer catch-up contributions on a pre-tax basis? Also, is the $145,000 amount indexed in future years? Auto Default Contributions Hit High of 4.1% Among Fidelity Participants The recordkeeper also found retirement saving balances rebounding with stronger market performance in Q2. Judge Sets Trial Date for American Airlines ESG Lawsuit The airline has sought to dismiss the litigation, but the trial could begin in late June of next year.   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 300, Rockville, MD 20850