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Information & Insights for the 403(b) Community
Less Than Two Days Left!!
The deadline for nominations for the 2021 Plan Sponsor of the Year awards is January 13.
VALIC Sued Over Surrender Fees Charged to 401(k) Plan
The lawsuit says VALIC engaged in a prohibited transaction, as well as self-dealing, in violation of ERISA when surrender fees were charged during the transfer of assets to a new provider.
Ask the Experts
Terminate a Plan or Merge Plans When Organizations Merge?
“I work for a 501(c)(3) private tax-exempt entity that is being merged into a larger 501(c)(3) private tax-exempt entity. Both organizations maintain ERISA 403(b) plans. Does it make more sense to merge the plans, or to simply terminate our existing 403(b) plan?”
Parties Reach Settlement Over Funding of St. Joseph Health Services Pension Plan
The lawsuit alleged that after the plan no longer qualified as a ‘church plan,’ it failed to be funded according to ERISA standards.
Marty Walsh Will Be Nominated as Secretary of Labor
Apart from potentially reversing course on fiduciary rule-related regulations, there are many other areas where sources suggest the next DOL Secretary could drive significant changes.
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