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July 2nd, 2024 Information & Insights for the 403(b) Community Mounting Debt Causes Health Care Workers to Save Less for Retirement The TIAA Institute found that 86% of health care employees carry some form of debt, including about 24% with outstanding student loans.  Providing Retirement Benefits Can Benefit Employers Tax benefits and new credits aim to offset the cost of setting up new retirement plans and can be a ‘big win’ for plan sponsors. Ask the Experts How Do the SECURE 2.0 Age 60-63 Catch-Up Contributions Work? Q: Is the new age 60-63 catch-up election under the SECURE 2.0 Act of 2022 mandatory? Plan Sponsors Reveal Optional SECURE 2.0 Provisions They Are Most Likely to Adopt In a Fidelity survey, plan sponsors put increasing the catch-up contribution limit for participants aged 60 through 63 in the top 5 of provisions they may add. Employers Can Trust Address Provided by Employees For employers, mailing COBRA notices by first-class mail to a former employee’s last known address is acceptable, Illinois federal court rules.    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