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January 29th, 2019 |
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ASK THE EXPERTS
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Do ERISA Cutback Provisions Apply to 403(b)s?“I work with a governmental non-Employee Retirement Income Security Act (ERISA) 403(b) plan that is contemplating a number of retirement plan changes, some of which I am concerned might result in a cutback in protected benefits under Code Section 411(d)(6). Do the Experts have any thoughts in this regard?”Read more > |
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DC Plan Sponsors Want Retirees/Terminated Employees to Remain in Their PlansAlight’s “2019 Top Topics in Retirement and Financial Wellbeing: Building on the Part, Working Toward the Future,” looks at how retirement plans have changed since it first conducted its survey of employers 10 years ago, as well as retirement plan sponsors’ top goals for their plans in 2019. The top three goals for 2019 include expanding financial wellbeing programs, keeping retirees’ assets in the plan and locating missing participants. Sixty-one percent say the threat of lawsuits prevents them from being more innovative with their defined contribution (DC) plan.Read more > | intellicents adds to Financial Wellness ProgramThe advisory firm has introduced intellicents university, with courses for employers, employees and retirees.Read more > | Great-West Sells Life and Annuity Business, Will Focus on Retirement and Investment Divisions“Through Empower Retirement and Great-West Investments, we will have the opportunity to further our leadership position in the defined contribution retirement market and bolster our position in markets for investments and wealth management,” a representative told PLANSPONSOR.Read more > | Voya Launches Health Savings and Spending Account SolutionsVoya health savings account (HSA) account holders with $2,000 or more in their HSA may choose to actively manage their account and select their investment options within their HSA.Read more > |
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