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February 18th, 2022 Information & Insights for the 403(b) Community Lessons Learned From Public Employee Financial Wellness Programs Employers that were part of an initiative to start or improve their programs—using a wide variety of approaches—shared challenges, surprises, rewards and advice. The Process for Issuing RMDs When Participants Are ‘Missing’ Failing to issue required minimum distributions can be costly, so sponsors must follow exact steps from the IRS and DOL to locate missing participants. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” Tactics to Avoid Failing Nondiscrimination Testing Plan sponsors should consider the trade-offs involved between the costs of funding safe harbor contributions and the corrective actions that result from failing the tests. Default Lifetime Income Legislation Introduced in House Legislators say the LIFE Act builds upon the SECURE Act provision that enhanced the safe harbor on which plan sponsors rely when choosing an annuity provider. Retirement Plan Advisors Expands Solutions to Include Adviser Managed Accounts Retirement Plan Advisors LLC is expanding PortfolioPlus, its proprietary participant managed account solution, to include recordkeeper adviser managed account platforms. This expansion will bring customized investment advice solutions to even more public sector deferred compensation and defined contribution plans and their employees. 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 300, Rockville, MD 20850