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January 28th, 2020 Information & Insights for the 403(b) Community The Savings Hierarchy Participants must take stock of their options, to maximize savings. Certain Employee Groups Are in Greater Need of Financial Help Finding women, mid-career and low-income employees are the most at-risk, Greenspring Advisors suggests ways plan sponsors, providers and advisers should enhance the support and resources they offer. Ask the Experts Must Plan Sponsors Permit All Reasons for Hardships? “Some of the expenses for which distributions are deemed to be made on account of an immediate and heavy financial need under new hardship withdrawal rules appear to be difficult to administer in practice, particularly the new expense related to federally declared disasters.Must a 403(b) plan sponsor adopt the entire list of expenses for permissible hardship, or can sponsors pick and choose from the list?” Don’t Leave Retiring Plan Participants Hanging Many people are confused about how to invest in retirement, so they will need help before and after they do so. MassMutual Offers Emergency Savings Solution to DC Plan Clients The accounts are administered by Millennium Trust Company and earn a competitive market rate of return. 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