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January 21st, 2022 Information & Insights for the 403(b) Community Participants Will Need Support to Understand Lifetime Income Projections Recordkeepers are bolstering education, projection modeling tools and tailored advice capabilities to support plan participants and encourage them to remain on track for retirement income planning. Plan Sponsor of the Year Award Nominations Close Soon Time is running out for you to nominate a plan sponsor to be recognized with our annual Plan Sponsor of the Year awards program. Nominees will be sent an entry form to complete, finalists will be announced at the beginning of March and profiles of finalists will be featured in the April/May PLANSPONSOR print magazine, so deadlines are tight. All entries must be received no later than January 24 at 11:59 p.m. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” ERISA Litigation Continues in the New Year In court filings last week, fiduciaries of retirement plans at PPL Corp. and Mass Brigham General were accused of failing to ensure fees were reasonable. Children’s Hospital Corp. Faces Excessive Fee Lawsuit A new lawsuit alleges that plan sponsors at the health care facility breached their fiduciary duties. Younger Generations’ Retirement Savings Burdened by Student Loan Debt An EBRI webinar compared Baby Boomers, Generation Xers and Millennials’ asset ownership, retirement plan access and net worth at the same ages to provide a clear total retirement picture. Verity Launches Retirement Plan Governance Platform The new platform for 403(b) and 457(b) retirement plans is targeted to address challenges in tax-exempt and governmental employer retirement plans.  BrightPlan Unveils New Solutions to HR Challenges The financial wellness service provider is launching new solutions aimed at helping employers tackle four key HR challenges. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox!

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