view in browser |
Plansponsor Logo
Information & Insights for the 403(b) Community
Biases Impact Financial Health
Biases Impact Financial Health
Behavioral biases can affect such things as individuals' savings account balances, debt levels and credit scores, a Morningstar study found.
Managing Risk in DC Plans
Sponsors should talk with plan participants about market volatility.
Ask the Experts
Questions About Excluding Some Deferrals From Matching Contributions
“I currently work with an ERISA 403(b) non-safe harbor plan that matches 100% of the first 3% of elective salary deferrals. The plan sponsor wishes to change the formula so that only employees who defer at least 3% of pay receive the 3% employer contribution. Thus, unlike the current formula, if an employee deferred 1% or 2%, the employee would not receive an employer contribution. Is the proposed formula possible? And, if so, would the 3% employer contribution still be considered a matching contribution for ACP testing purposes?”
Handled With Care
This sponsor focuses on its truck driver employees’ future and security.
Did someone forward you this newsletter? Sign up here to get (b)lines directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850