Industry comment letters argued that many 403(b) plan sponsors were unaware of the rule that once a part-time employee is eligible to make elective deferrals, he cannot be excluded from the plan in subsequent years.Read more >
The docket reports for two lawsuits filed against the university say counsel for the plaintiffs and counsel for the university have reported the cases settled.Read more >
ASK THE EXPERTS
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
Financial wellness programs are popular and sought after but are rarely offered as an employer-sponsored benefit, according to Corporate Insight’s 2018 Employee Financial Wellness Survey. Employees expressed concerns about budgeting, health care and emergency funds, and low levels of knowledge about financial and retirement topics were reported.Read more >
Now that automatic and default features have gained widespread acceptance in defined contribution (DC) retirement plans, it may be time to consider additional steps to further enhance participant retirement preparedness. For example, Janus Henderson says employers should consider linking automatic escalation to retirement income replacement projections.Read more >
Nuveen has added two actively-managed fixed income mutual funds to its responsible investing suite of funds, the TIAA-CREF Green Bond Fund (TGROX) and TIAA-CREF Short Duration Impact Bond Fund (TSDBX).Read more >
Two-thirds (66%) of respondents say networking at holiday parties helps them get ahead in their career, and 90% say the event creates a stronger culture in their organization.Read more >
