(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
February 7th, 2017

Halt of Fiduciary Rule Could Mean More Work for Plan Sponsors

The Department of Labor (DOL) has been ordered by President Donald Trump to review its fiduciary rule, which could result in a delay in implementation or even a reversal of the regulation. Industry experts have opined that if the fiduciary rule is rolled back, it will actually put more pressure, not less, on plan sponsors to ensure they are meeting their own required duties. Read more >

IRS Releases Updated Form 990-EZ for Tax-Exempts

The Internal Revenue Service (IRS) has released an updated Form 990-EZ, Short Form Return of Organization Exempt From Income Tax, that will help tax-exempt organizations avoid common mistakes when filing their annual return. Tax-exempt entities that do not fill out the form could lose qualified status to sponsor 403(b) plans. Read more >
ASK THE EXPERTS
3401(a) Definition of Compensation
“Our recordkeeper-provided documents for our 403(b) plan states that we should be using a ‘3401(a)’ definition of compensation. What in the world is 3401(a) compensation? I know about W-2 wages are obviously, but how is this definition different?” Read more >

Associations Promote Increased Retirement Data Standardization

The American Retirement Association, the Investment Company Institute (ICI) and The SPARK Institute endorsed the use of The Depository Trust & Clearing Corporation’s (DTCC) Retirement Plan Reporting (RPR) solution to standardize and report plan level data across the industry. DTCC’s Retirement Plan Reporting solution provides increased transparency for fee disclosure compliance requirements. Read more >

Empower Retirement Names Leader of Government Market Segment

Daniel Morrison has been appointed to head of the government market segment at Empower Retirement. Since joining the firm in 2003, Morrison has lead several sales and service leadership roles for the company’s not-for-profit business. As head of this department, he was responsible for overall sales and retention in the company’s growing book of health care, education, faith-based, and other non-profit plan sponsors. Read more >

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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