view in browser | plansponsor.com

December 20th, 2022 Information & Insights for the 403(b) Community 2023 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan Retirement Contributions Break Records in 2021 Retirement contribution rates reached record highs, with combined worker and employer contributions equal to 13.9% of pay in 2021, new data from the Plan Council of America show.  Ask the Experts What Are The Maximum Deferral Limits When Both A 403(b) and 457(b) Plan Are In Place? I recently read your 2021 Ask the Experts column on the maximum deferral limit when both a 403(b) and 457(b) plan are in place. Is it possible that the Experts can update that column with the 2023 figures? EBSA Collects $1.4 Billion, Largely from Enforcement, in 2022 More than $500 million of the recoveries returned to defined benefit plan participants. Republicans Propose More Anti-ESG Legislation That Won’t Pass In response to the DOL’s November final rule permitting the consideration of ESG in retirement plans, Senator Mike Braun and Congressman Andy Barr introduced a resolution to nullify the rule. Think Your Retirement Plan Adviser Should Be Recognized? We need your help in identifying the best retirement plan advisers in the country. If you work with a great plan adviser or plan adviser team, nominate them to be recognized in the 2023 PLANADVISER Retirement Plan Adviser of the Year awards program. Nominations for the Plan Sponsor Service and Plan Adviser Service categories can only come from plan sponsor clients, so it is up to you to make their excellence known.  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 300, Rockville, MD 20850