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August 23rd, 2022 Information & Insights for the 403(b) Community Employer Health Care Costs Will Spike Less Than Inflation Insurance costs were muted during 2020, the first year of the COVID-19 pandemic, but they will return to rise at ‘more typical levels,’ research shows. The Connection Between Emergency Savings Accounts and Retirement Research shows that for low- and moderate-income workers, access to emergency savings accounts is likely to bolster retirement contributions and provide greater financial security.  Ask the Experts What Policies Does Our Plan Need? “We sponsor an ERISA 403(b) plan. Are we required to have any policies in addition to our plan document? It appears that many of our peers have a loan policy and an investment policy, but we do not.” Inflation Worries Cause Participants to Adjust Retirement Savings More than half of the respondents in an Empower survey plan to put more money into retirement savings as inflation and recession fears strike workers. 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