view in browser | plansponsor.com

December 15th, 2020 Information & Insights for the 403(b) Community Retirement Plan Experts Applaud Raising RMD They say it will give retirement plan participants a longer window in which to increase their savings, tax deferred. 2021 Plan Sponsor of the Year Nominations Are Open Nominations may be made by providers, advisers, consultants, actuaries, attorneys, third-party administrators (TPAs), employees and colleagues, or, you can even nominate yourself. Ask the Experts Retirement Plan Tax Deductions/Credits for Tax-Exempt Sponsors “Do the deductibility rules for employer contributions to a retirement plan under Internal Revenue Code (IRC) Section 404 apply to 403(b) plans? And does it matter whether the contribution is nonelective or matching?” DOL Announces Final Proxy Voting Rule The DOL says it settled upon the final rule after reviewing approximately 300 written comments and 6,700 form letters from a diverse set of stakeholders. Community Health Systems Settles ERISA Challenge The proposed settlement is only between the plan sponsor and the plaintiffs, meaning the allegations against Principal are still in play. People Moves The National Tax-deferred Savings Association (NTSA) hires a new executive director, as Brian Neese joins PlanMember Financial Corp. as senior vice president, institutional retirement services. 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