view in browser | plansponsor.com

December 17th, 2024 Information & Insights for the 403(b) Community Women in Public Service Express Heightened Concerns About Retirement Savings A new MissionSquare report found that women working in state and local government roles were less likely than their male counterparts to report having personal savings, pensions or defined contribution plans. Looking for Sponsors of Government DC and DB Plans! In addition to corporate and nonprofit defined contribution and defined benefit plan sponsors, the PLANSPONSOR Plan Sponsor of the Year awards recognize the outstanding efforts of sponsors of public/government retirement plans to ensure financial security for employees. If you are or know of a great governmental plan sponsor, fill out our short nomination form today for the 2025 awards. The deadline is December 31. Ask the Experts How Can Sponsors Recover Overpayments to 403(b) Plans? Q: We maintain an ERISA 403(b) plan, in which we have historically recouped any overpayments made to plan participants without any issues. However, we understand that recent guidance has been issued regarding such recoupment. Can we continue to recoup such overpayments? If we can, are there any restrictions on doing so under the latest guidance? 3 New QDIA Recommendations Approved by ERISA Advisory Council The council aims to establish a safe harbor for IRA investment rollovers and to enhance participant education on retirement plan income options. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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