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January 26th, 2021 Information & Insights for the 403(b) Community 403(b) Plan Investment Lineups Have Changed Since regulations were passed in 2007, mutual funds have been embraced more by 403(b) plan sponsors and participants, and mutual fund fees have decreased. Avoiding Retirement Plan Operational Errors Understanding the plan document, establishing a plan administrative policy, having good service providers and doing regular checks can help plan sponsors avoid operational errors. Ask the Experts Self Employed Ministers’ 403(b) Contributions’ Effect on Compensation “We are a church denominational 403(b)(9) plan which has not elected to be covered by the Employee Retirement Income Security Act (ERISA). Our participants include self-employed ministers. In Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans), the IRS instructs self-employed ministers that their includible compensation is net earnings from ministry minus contributions made to the retirement plan and the deductible portion of their self-employment tax. If the minister makes designated Roth or after-tax contributions to their 403(b) account do those contributions reduce includible compensation since these contributions do not reduce taxable income?” Retirees and Near-Retirees Need an Annual Financial Checkup Retirement plan sponsors can remind participants to review their finances and provide resources for them to do so. Active vs. Passive Investing: Understanding the Difference Knowing how each type of investing works, as well as their advantages and disadvantages, can help retirement plan sponsors construct appropriate investment menus. ICMA-RC Brings In New SVP and Chief Marketing Officer ICMA-RC has announced that Sheri Gilchrist will serve as the company’s new senior vice president, chief marketing officer. Gilchrist will be responsible for expanding ICMA- RC’s marketing and brand strategy to create avenues for future growth, retention and mission-focused outcomes. 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