(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
January 4th, 2019

Easy Access

Anyone new to administering a retirement plan or to serving on a plan committee—as well as any plan fiduciary who wants to review his role—has access to the perfect collection of learning tools: the various documents, notices and disclosures that comprise the written plan. More than information, each policy and rule, when formally recorded, must be followed, or methodically revised, says the Employee Retirement Income Security Act (ERISA). Read more >

Distrust in Finance Institutions Can Dampen Auto-Enrollment Success

Results of a new Pew survey show about four in 10 non-investing individuals who express distrust in their primary financial institution said they would opt out of an automatic retirement plan enrollment. Read more >
ASK THE EXPERTS
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

DOL Urged to Expand Association Retirement Plan Proposal

Many industry groups that submitted comments to the Department of Labor (DOL) argued that the plain language of Section 3(5) of the Employee Retirement Income Security Act (ERISA) indicates non-related employers could participate in multiple employer plans (MEPs). Read more >

Longevity to Make Life More Challenging for Retirees

As people continue to live to older ages, they will face challenges in retirement, according to a new report from the Center for Retirement Research at Boston College, “What Financial Risks do Retirees Face in Late Life?” The main challenges they face are high out-of-pocket medical expenses, the possibility of making financial mistakes due to declining cognitive abilities and the specter of widowhood. Read more >

Break From the Grind: Paying Off Debt a Common Goal for Use of Tax Refunds

GOBankingRates polled 1,001 Americans to find out their plans for their tax refunds and found 27% said they plan to pay off debt. Only 7% said they will put their tax refund into a retirement savings account. Read more >

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

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