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February 11th, 2022 Information & Insights for the 403(b) Community Lower-Income Workers Benefit the Most From Auto-Portability Research suggests that keeping retirement plan savings in tax-advantaged accounts, using auto-portability, can help to close the wealth gap. Having a Written Financial Plan Improves Savings and Asset Allocation Research suggests written plans might especially help low- to moderate-income employees save more. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” Fraudulent Hardship Withdrawals Draw Grand Jury Ire A federal court has denied a defendant’s motion to dismiss a lawsuit in which he is accused of committing wire fraud while taking allegedly fraudulent hardship withdrawals from a 401(k) plan.   Free Public Service Loan Forgiveness Support Program Announced Through Equitable The new eligibility tool will help individuals see an estimated forgiven loan balance, detail next steps for applying for forgiveness and provide information on how to increase further savings. 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