view in browser | plansponsor.com

February 6th, 2024 Information & Insights for the 403(b) Community Maintaining Successful Committee Requires Continuous Education, Right People A retirement plan committee should include a diverse range of individuals, as well as frequent fiduciary training and education, experts say. Public Sector Workers Value Saving for Retirement, but Struggle With Debt These workers, many of whom participate in 403(b) plans, are split on whether they are on track to achieve the retirement they envision, according to a Corebridge Financial report. Ask the Experts What if a Plan's Operating System Does Not Match Age-50 Catch-Up Contributions? Q: Our 403(b) plan currently does not allow for the 15-year catch-up election but does permit age-50 catch-up contributions. We have an employer matching contribution, and our plan document specifically states that age-50 catch-up contributions are matched. However, I just discovered that our retirement plan operating system is programmed NOT to match catch-up contributions! Should I panic? US Public Pension Plans Ended 2023 at Funding High Late-year stock market rally drove a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2026 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