(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
December 1st, 2017

The Social Security Administration has reduced the maximum earnings subject to Social Security taxation, so we have revised our Maximum Benefit/Contributions Limits Table for 2018 to reflect that. Read more >

Investment Committee Quiz Reveals Fiduciary Knowledge Shortfall

The results of a fiduciary primer quiz survey prove once again that institutional investing can be a tricky topic for even the most experienced investment committee members. Read more >

Health Care Organizations Move From 403(b)s to 401(k)s

A survey found some health care organizations are moving from 403(b) plans to 401(k)s and most, no matter which type of plan they offer, are revamping them to attract more talent. Read more >
ASK THE EXPERTS
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts


House Bill Would Allow Sponsors to Force Larger Auto-IRA Cash Outs

The Retirement Plan Modernization Act would raise the automatic IRA rollover limit, based on the rate of inflation, from $5,000 to $7,600 and allow for future increases to be indexed for inflation. Read more >

Many Gen Xers Plan to Address Retirement on the Fly

Although credit card debt is keeping half of surveyed Gen Xers from starting to save for retirement, 63% say “everything will just work out” in their retirement years. Read more >

Half of Employees Don’t Want Personalized Messages About Saving for Retirement

However, a survey found 53% of employees would like their employers to offer tools to help them improve their financial situation. Read more >

Many People Have Withdrawn From the Markets Following ’08

While 40% of people say the financial crisis of 2008 has had no lasting impact on their life, 42% say they now avoid the market and 46% have adjusted their spending and savings habits, Hartford Funds found in a survey. Read more >

Retirees Spending Only About 1% of Assets Each Year

Research conducted by the BlackRock Retirement Institute and the Employee Benefit Research Institute (EBRI) found that after nearly two decades of being retired, the average retiree still has 80% of their nest egg intact. The researchers say this finding challenges long-held fears about retirees spending down their savings too fast. Read more >

MassMutual Introduces Mobile App to Gauge Retirement Readiness

The app is a mobile version of MassMutual’s RetireSMART Ready tool, which provides a snapshot of a saver’s retirement readiness at a specific age. Read more >

Break From the Grind: Needing a New Manicure No Excuse for Unscheduled Day Off

Employers report the most dubious excuses workers have given for taking an unscheduled day off. Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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