(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
July 17th, 2018

MetLife Suggests Four Core Principles for Creating a Financial Wellness Program

The second whitepaper in a series says financial wellness is centered around four core principles: financial awareness, financial health, financial security and financial inclusion.Read more >

Sifting Through Retirement Plan Regulations

One question that came up repeatedly from attendees at the 2018 PLANSPONSOR National Conference went pretty much like this: What is the real source of the almost comical amount of regulatory uncertainty impacting retirement plans, and how can plan sponsors or even their skilled advisers be expected to keep up with the myriad twists and turns? And a related question involved how to set aside the uncertainty and do the hard work of practically interpreting the different levels of regulation put out by entities like the Department of Labor (DOL) and Internal Revenue Service (IRS)—from “field assistance bulletins” and “interpretative bulletins” to “guidance letters” and “private letter rulings.”Read more >
Must Participants Take All Other In-Service Distributions Before a Hardship?
“Our 403(b) non-electing church plan offers safe-harbor hardship distributions as well as in-plan distributions of rollover contribution balances and after-tax contributions. Are participants required to take regular distributions from the rollover and after-tax amounts before they can take a hardship distribution?”Read more >

Missing Inaction

What are the rules for locating missing retirement plan participants and what should plan sponsors do when they’re found?Read more >

Asset Class Returns Account for Disparity in Public DB Plan Performance Results

Annualized investment returns for public defined benefit (DB) plans in the top and bottom quartiles were 6.3% and 4.6% respectively—a difference the CRR says could account for roughly a 20-percentage-point disparity in their funded ratios. The differences in overall portfolio returns could result from differences in asset allocation and/or asset class returns. To understand how each factor contributed to the lower performance of plans in the bottom three quartiles, the Center for Retirement Research at Boston College performed an analysis based on newly collected data from the Public Plans Data (PPD) website.Read more >

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

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