(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
February 1st, 2019

2019 Plan Sponsor of the Year Finalists

PLANSPONSOR has announced Plan Sponsor of the Year award finalists in all categories.Read more >

Transamerica Urges Sponsors to Remind Participants About the Saver’s Credit

The Saver’s Credit is a non-refundable tax credit that may be applied up to the first $2,000 of voluntary contributions an eligible worker makes to a 401(k), 403(b) or similar employer-sponsored retirement plan. Sixty-two percent of workers are unaware of the credit, according to survey findings from Transamerica Center for Retirement Studies.Read more >

Tying HSAs to Retirement Savings

Kelley Long, certified financial planner with Financial Finesse, shared information to help employers promote health savings accounts (HSAs) as a retirement savings tool for employees.Read more >
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

Addressing Employees’ Financial Wellness DC Plan Sponsors’ Top Priority in 2019

In the past five years, defined contribution (DC) plan sponsors likely to add or expand financial wellbeing programs has expanded from 30% to 65%, according to Alight. Sponsors’ No. 1 goal for their participants has moved from increasing savings rates to addressing workers’ broad financial wellbeing and helping them achieve retirement readiness.Read more >

Public DB Plans Invest More in Risker Assets Than Private Plans

Research from the Center for Retirement Research (CRR) at Boston College also suggests public defined benefit (DB) plan return assumptions are on the optimistic end compared with those of investment professionals.Read more >

Investment Product and Service Launches

Robeco adds sustainable equities model, and Morningstar creates index group targeting low-carbon economy.Read more >

Empower Aims to Reach More Millennials and Gen Z With New Social Media Campaign

Two video campaigns on Snapchat speak directly to young adults ages 18 to 34 about the idea that it’s never too early to start saving for their future financial freedom.Read more >

Wolters Kluwer Makes Retirement Plan Distribution Processes Easier

New integrations make filling out Form 1099s and rollovers to individual retirement accounts (IRAs) automatic.Read more >

Break From the Grind: Super Bowl Cost to Employers

Super Bowl-related absences could cost employers more than $2.5 billion in lost productivity, and if all of the workers who watch the Super Bowl spend just one hour of their work day discussing the game or come in one hour late, that adds $1.7 billion to losses, a survey finds.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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