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December 27th, 2019 Information & Insights for the 403(b) Community 403(b) Plans Should Get Ready for IRS Initiatives The remedial amendment period and other IRS-provided relief can help plan sponsors prepare. IRS Finalizes Hardship Withdrawal Rules Michael A. Webb, with Cammack Retirement Group, says there are no substantive changes from the proposed regulations, but he points out certain items in the final regulations plan sponsors should note. Ask the Experts Can a 401(a) Plan Account be Rolled Into a 403(b) Plan? “I recently left the employ of a public school system where I had a 401(a) account. I will now be teaching at a private school that offers a 403(b) plan. I am receiving conflicting advice about whether I can rollover tax free my 401(a) funds into my new employers 403(b) plan.” Law Firm Confirms SEC Examination of 403(b) Plan Investment Practices A client alert says the SEC has sent letters to companies that administer 403(b) and 457 retirement plans asking for various details about plan investment decisions. Vanderbilt 403(b) Decision Marks Emerging Data Issues for Fiduciaries Under the terms of a recently revealed settlement agreement, Vanderbilt 403(b) plan fiduciaries will have to contractually prohibit recordkeepers and other service providers from using plan participant data for the purposes of cross-selling. Settlement in Johns Hopkins 403(b) Plan Lawsuit Includes Recordkeeper Bid The $14 million settlement agreement also requires the University to retain an independent consultant to assist plan fiduciaries in reviewing the plan’s existing investment structure. Employer-Provided Student Loan Repayment Programs Have Pros and Cons Employers wanting to offer student loan repayment benefits to employees have a multitude of selections to sift through. Which ones should they consider implementing? Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox!

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