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July 16th, 2024 Information & Insights for the 403(b) Community As Benefits Costs Increase, Employees Tighten Budgets Workers are looking to spend less on benefits and reduce costs where they can, according to new research from LIMRA.  IRS Notice Defines Retirement Plan Tax Distribution Exceptions The IRS has provided guidance on certain exceptions from the 10% tax penalty for emergency personal or family expenses and for survivors of domestic abuse. Ask the Experts How Do 402(g) Limit Calculations Work in Non-Calendar-Year Plans? Q: I have been reading your Ask the Experts column on statutory limits for non-calendar-year plans with great interest, as I work with a 403(b) plan that has a non-calendar plan year as well. Is there any workaround for having to calculate two separate 402(g) limits for non-calendar-year plans each plan year? ERISA Advisory Council Explores Annuity Default Options in DC Plans Experts recommended annuities in QDIAs would help participants avoid outliving their assets. DC Plan Design A review of how plan sponsors can use defined contribution plan design to help participants meet retirement goals. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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 300, Rockville, MD 20850