(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
February 2nd, 2018

PLANSPONSOR is pleased this week to announce finalists for the 2018 Plan Sponsor of the Year. This year we will be awarding finalists in nine categories. Today we announce finalists in two nonprofit defined contribution (DC) plan categories.Read more >

2018 Plan Sponsor of the Year Finalists

PLANSPONSOR also announced finalists in the Public DC category.Read more >

Empower Draws Participant Engagement With Estimated Retirement Income

Started in December 2010 and conducted through September 2016, Empower studied participant savings outcomes upon introducing predicted monthly retirement income, and found that employees in their plans are likely to save better and have higher engagement. The study shows that when individuals view their projected monthly income in retirement, those who take action increase their savings rate by 8% (7.07% to 8.4%), on average. A health care cost estimator tool and a peer comparison feature also resulted in increased savings rates.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

Fidelity Sees Improvement of Retirement Readiness of Plan Participants

The firm’s analysis found participants who also had HSA savings were more retirement ready than those who did not.Read more >

DOL Reports Robust ERISA Enforcement in 2017

The Employee Benefits Security Administration (EBSA) restored more than $1.1 billion to retirement plans, health plans and other welfare benefit plans in 2017.Read more >

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

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