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December 8th, 2020 Information & Insights for the 403(b) Community 2021 Plan Sponsor of the Year Nominations Are Open Nominations may be made by providers, advisers, consultants, actuaries, attorneys, third-party administrators (TPAs), employees and colleagues, or, you can even nominate yourself. Guidance on Missing Participants Listed as IRS Priority The 2020-2021 Priority Guidance Plan says the agency will include guidance on uncashed checks. Ask the Experts Special Compensation Limit for Governmental Plans “I recently starting working for a public university that sponsors a 403(b) plan. I am familiar with the 401(a)(17) compensation limit ($285,000 in 2020, $290,000 in 2021). But someone here told me that there is actually a “special” 401(a)(17) limit that applies to certain employees. Sounds fishy to me; does it sound fishy to the Experts?” Mercer Re-evaluates Retirement Practices for 2021 More employers are emphasizing employee needs as they look to the new year, Mercer says. UPenn Will Settle ERISA Fiduciary Breach Lawsuit The filing of a stay motion related to a forthcoming settlement represents the beginning of the end for the complicated litigation. 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 400, Rockville, MD 20850