(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
February 23rd, 2016

Most Americans Only Report Modest Savings Progress

Only about half of non-retired persons say they are saving enough for a suitable standard of living in retirement.Read more >

What Can Occasional Increases Do for Retirement Savings?

Fidelity studied the benefit of increasing savings by 1% every five years.Read more >
Access to employer-sponsored retirement plans helps Millennials with their savings commitment.Read more >

Stock Market Volatility Should Not Slow Retirements

Low equity assets near retirement mean a small number of individuals experience large, unexpected losses, research suggests.Read more >

TIAA-CREF Simplifies Name and Participant Experience

The mission remains the same—retirement security for workers in the non-profit space—but TIAA-CREF is trimming its name to TIAA and radically simplifying its website.Read more >

OneAmerica Offers LPL’s Guidance

OneAmerica is focusing on support for employees during times of transition.Read more >

Failing to Start Mandatory Contributions

We are a governmental entity with a “401(a) governmental defined contribution plan,”—it is not a 401(k) plan. We require that our employees contribute 3% of their salary to the 401(a) plan but recently discovered that we had failed to start mandatory contributions for one of our new employees. Does the IRS’ 2015 automatic enrollment correction guidance affect us? How would we correct this error?”Read more >

David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice.

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

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