view in browser | plansponsor.com

February 9th, 2021 Information & Insights for the 403(b) Community Provider Choice Shown to Help K-12 Employees Save More for Retirement Relationships are important, especially considering the differences between the K-12 403(b) market and other DC plan markets. Millennials Have a Debt vs. Savings Conundrum Dispelling myths about when to save and invest for retirement, and helping with their student loan debt, can help Millennials better prepare for retirement. Ask the Experts What If a Participant Received a CRD After December 31? “We permitted coronavirus related distributions (CRDs) under the CARES Act in our 403(b) plan. We had a participant who completed her paperwork before the recordkeeper-imposed deadline to complete CRDs prior to year-end. However, she did not actually receive her check until January 5th due to a question the recordkeeper had about the distribution. Since the year-end deadline for CRDs was not extended, could I have a compliance issue here?” What’s on the Minds of Plan Sponsors? To assist plan sponsors with decisions for 2021, PLANSPONSOR is hosting a one-day forum to address specific areas of retirement program design that may be presenting the biggest challenges. Hear what research has determined about plan sponsors’ priorities—including those that are ongoing and those that have been newly shaped by the COVID-19 pandemic. Listen to your peers discuss defined contribution (DC) plan investment menus, financial wellness programs and retirement income. These discussions will help you craft benefits that serve the needs of your unique workforce and help you meet your fiduciary duties. Register today to attend. Plan Administrators Don’t Have to Scramble to Report Qualified Plan Loan Offset Amounts The IRS has issued final regulations regarding qualified plan loan offset amounts, which are the same as proposed regulations except for a change in the applicability date. Why Are Retirement Plan Sponsors So Far Behind on Sustainable Investing? Lisa Woll, CEO of US SIF, discusses how inconsistent guidance has hindered the inclusion of sustainable investing options in defined contribution plans, but there is hope that a review ordered by President Joe Biden can change that. Actions to Address Retirement Savings Shortfalls for Military Spouses Spouses of service members face unique challenges in the workforce, including unemployment and relocations, that can make it difficult to save in retirement plans. 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 400, Rockville, MD 20850