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January 7th, 2020 Information & Insights for the 403(b) Community 2020 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan IRS Cites Additional Supreme Court Guidance in Granting Church Plan Status The agency’s response to an entity requesting church plan status for its retirement plan offers its interpretation of relevant Internal Revenue Code and ERISA Sections. Ask the Experts Deadline for Plan Amendments After Remedial Amendment Period “I realize the deadline for adopting our restated 403(b) individually designed plan that reflects all changes in the Code and Regulations since 2010 is March 31, 2020. However, we are currently discussing a minor plan design change for 2020, but we don’t know if we will resolve to make the change prior to March 31. Assuming we make the design change after March 31, when is our deadline to amend the plan?” 403(b) Litigation Offers Instruction for Plan Sponsors 403(b) plan sponsors should be aware of how their plan investments and fees stack up and of their fiduciary responsibilities, and they should better document decisions. How the SEC’s Reg BI Will Affect Retirement Plan Sponsors and Participants While participants will be affected more than sponsors, sources say it is a best practice for sponsors to know when and how the rule applies and how providers are engaging with participants. 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