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August 4th, 2020 Information & Insights for the 403(b) Community Plan Disclosures Go Digital The DOL’s electronic disclosure rule opens new doors for plan sponsors. Employees Not Sure What Social Security Will Offer While many say they will depend on Social Security for retirement income, at least one study finds retirees are not getting as much as they expected. Ask the Experts How May ACP Testing Results be Affected by COVID-19? “We sponsor an Employee Retirement Income Security Act (ERISA) 403(b) matching plan that is subject to actual contribution percentage (ACP) testing. Our recordkeeper recently sent us an alert saying our 2020 test results could be affected by the COVID-19 pandemic, but failed to provide any details as to how that is possible. Can the Experts help us out here?” EBRI Says CARES Act Distributions Could Have Lasting Consequences The report highlights how a loan or distribution option under the CARES Act can affect employees. No ‘Earth-Shattering’ Retirement Proposals in Biden Platform Building on Social Security and Medicare are key components of the presumptive Democratic presidential nominee’s promised agenda—though if Congress swings left in November, more progressive policies could emerge. 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