(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
December 2nd, 2014

LIMRA 403(b) Plan Survey Invitation

LIMRA, a financial services industry trade association, is conducting a 403(b) plan survey to help retirement plan providers better serve the needs of K-12 school districts and schools. The survey will only take 10 to 15 minutes to complete. Those who respond to the survey may enter a prize raffle and are eligible to receive aggregate level survey results when the study is complete. Individual responses will be kept confidential and will not be used for marketing purposes. Please take the survey here.Read more >

Plan Restatements a Plan Design Opportunity

As employers enter the last two years of the preapproved retirement plan restatement cycle, ERISA consultants say restatements are a critical opportunity to realign plan documents and operations.Read more >

IRS Amends Safe Harbor Explanations for Rollovers

The Internal Revenue Service (IRS) has amended the two safe harbor explanations that can be used to satisfy the requirement that certain information be provided to recipients of eligible retirement plan rollover distributions.Read more >

PSCA Re-Launches Fiduciary Training Program

The Plan Sponsor Council of America (PSCA) re-launched its online ERISA Fiduciary Training Program.Read more >

Ask the Experts – Deferring 100% of Paycheck

I work at a museum, and one of our C-Suite employees realized she had not made salary deferrals to either our 403(b) plan or our 457(b) plan. Thus, she wishes to defer all of her pay to both plans so she will reach the annual limit for each plan. After mandatory deductions, she does earn enough to reach the deferral limits in both plans. Can she indeed defer 100% of pay less mandatory deductions as she desires to do?”Read more >
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

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

Advertising: advertise@strategic-i.com

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