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August 29th, 2023 Information & Insights for the 403(b) Community Plan Sponsors in Higher Education, Health Care See Talent as Top Priority Recruiting and retaining employees challenges plan sponsors, as employees are increasingly demanding more benefits and sources of guaranteed income, according to a TIAA survey.  IRS Releases Guidance about Catch-Up Contributions Under Secure 2.0 Notice 2023-62 also announces a two-year administrative transition period for higher-income participants to designate catch-up contributions as Roth.  Ask the Experts What Are the Differences Between Plan-to-Plan Transfers and Rollovers? Q: Our governmental 457(b) plan allows for both plan-to-plan transfers and rollovers into the plan. A participant in our plan is eligible for both transactions (she had a balance in a 457(b) plan of a prior governmental employer that allows for both types of transactions out of that plan) and asked us about the differences between the two types of transactions. Can the Experts help? Delta’s Emergency Savings Program Shows Retirement Security Dividends Airline employees enrolled in an emergency savings program have also increased their 401(k) contributions. EBRI Finds Increased Use of Certain Medical Services Covered by HSA-Eligible Plans A 2019 IRS policy change has resulted in 75% of large employers that offer HSA-eligible plans expanding their pre-deductible coverage for medications and services that help manage chronic conditions.  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