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August 6th, 2021 Information & Insights for the 403(b) Community Keys to Facilitating Retirement Success Guaranteed sources of income, low debt, a clear spend-down strategy and advisory services are four drivers of financial security in retirement, according to EBRI’s Retirement Security Research Center. Plan Progress: Benchmarking Your Recordkeeper Join PLANSPONSOR August 19 for a webinar in which industry sources will discuss what plan and participant needs to take into consideration when benchmarking recordkeepers; the differences between a request for information (RFI) and a request for proposals (RFP) and when plan sponsors need to issue one; and where to find information to help plan sponsors benchmark their recordkeeper. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” Strong Savings Persist Despite Financial Strains Workers should be encouraged to improve their fiscal health by creating a financial plan and gaining a full understanding of their situation—especially if their outlook is challenging. Gen Z Workers Get a Jumpstart on Savings At the median, Generation Z workers started saving for retirement at age 19—significantly earlier than Millennials, who started saving on average at 25. Tool Helps Plan Sponsors Keep Track of Their Fiduciary Duties The FORT tool helps plan sponsors understand what fiduciary responsibilities they retain when they delegate some duties to an adviser or service provider. 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