(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
January 2nd, 2015

At Distribution Time, What Do Participants Do?

Examining how participants decide to leave an employer’s plan after separating and when they begin taking distributions can help plan sponsors decide whether to use “to” or “through” target-date funds (TDFs).Read more >

A Retirement Plan Sponsor Uses the Power of Inertia

Retirement plan participant inertia has previously been viewed as a bad thing, but one plan sponsor sees it in a different way. “For years, employee engagement was a primary goal of our retirement plan strategy, but we realized it was hard to engage younger workers. Then a light bulb went on, and we decided to use inertia as an asset [for our strategy],” Joseph Huber, managing director and chairman of Credit Suisse’s pension investment committee, tells PLANSPONSOR.Read more >

Retirement Plan Deferral Limit Increases in 2015

The Internal Revenue Service (IRS) announced cost of living adjustments affecting dollar limitations for retirement plans, as well as other retirement-related items for tax year 2015. The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $17,500 to $18,000. The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $5,500 to $6,000.Read more >

Great-West Rebrands As Empower

Great-West Financial has introduced Empower, a new retirement services company. The retirement plan services businesses of Great-West Financial take the name “Empower,” effective immediately. Empower is now the second largest retirement services provider in the U.S. market, with nearly 7 million defined contribution participants and more than $400 billion in plan assets, according to Great-West.Read more >

Just out of Reish: Plan Committee Agendas

To help committees put their focus where needed, here is a proposed list of topics for participant-directed plans, such as 401(k)s and 403(b)s. The list of issues may be incomplete, and there is no “magic” to the allocation, but this is a good starting point. This column covers the first two quarterly meetings.Read more >

PLANSPONSOR’s 2014 DC Survey

For nearly two decades, PLANSPONSOR’s annual Defined Contribution Survey has been the most important industry benchmark, measuring and evaluating 401(k) and other DC providers according to feedback from their own clients.Read more >
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts

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

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