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PLANSPONSOR BLINESs LOGO December 24th, 2019
Information & Insights for the 403(b) Community
All 403(b) Plan Sponsors Should Focus on Document Remedial Amendment Period
403(b) plan sponsors have until March 31, 2020, to adopt a pre-approved plan document and to make sure their plan has been operating in accordance with the plan terms.
Why Is It Recommended to Save 15%?
Most retirement experts currently recommend saving 15% of annual income. “There is mathematical backing to what we suggest,” says Roger Young, senior financial planner at T. Rowe Price.
Ask the Experts
Email rebecca.moore@issgovernance.com
with subject line “Ask the Experts.”
K-12 403(b) Recordkeeping Requires a Number of Players
K-12 public school 403(b) plans haven’t changed as much as plans in other 403(b) market segments—mostly keeping the multiple-provider model—so they require unique recordkeeping solutions.
Nondiscrimination Testing Part I: Required Testing and Due Dates
Sponsors of all retirement plan types need to know what nondiscrimination testing is required for their plan and what information needs to be gathered to correctly perform these tests.
State Laws Prevent Single Provider for Some K-12 403(b)s
Yet another law requiring multiple providers for K-12 403(b) plans is reigniting the debate over whether more choice is good or bad for participants.
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