(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
July 23rd, 2019

Stopping a Retirement Crisis

Currently, America has a retirement plan coverage gap, a retirement savings gap and a guaranteed income gap, which plan sponsors and lawmakers need to address to avoid a retirement crisis.Read more >

HSA Conference

Franklin Templeton research has found those who have a health savings account (HSA) are more certain about how they will cover future health care costs. The PLANSPONSOR HSA Conference will be held this year in Chicago, October 3. The event is designed to educate plan sponsors that currently offer, or are considering offering, these accounts. It’s also a great opportunity for advisers who want to get up to speed on this fast-growing benefit option.Read more >

Financial Difficulties Keep Employees From Retirement Preparedness

PwC says its survey findings should prompt employers to revisit their financial wellness programs to ensure they are addressing the challenges employees are facing and motivating them to make improvements to their overall financial well-being and retirement readiness.Read more >
Including Rollover Balances for Auto Cashouts
“Our plan automatically cashes out small balances under $5,000, with rollovers to at IRA for balances between $1,000 and $5,000. We recently had a participant terminate employment with a $3,000 account balance, but an additional $15,000 in rollover assets. Should we automatically cash out her account balance, or not?”Read more >

Participants Display a Variety of Risk Biases, Damaging Outcomes

Findings from a recent investor survey conducted by SEI in collaboration with Phoenix Marketing International show there are many different biases impacting the behavior of retirement investors. According to John Anderson and J. Womack, both managing directors with SEI, the act of pursuing and maintaining risk exposure runs against investors’ natural instinct to try to prevent losing money. However, these same protective instincts can undermine their ability to achieve specific longer-term goals.Read more >

TIAA Hires Chief Customer Officer

Sanjay Gupta has started at TIAA as chief customer officer of TIAA Financial Solutions. In this newly created position, Gupta will lead the strategic development, execution and measurement of a comprehensive approach to simplify the customer experience for TIAA’s 15,000 institutional and 5 million individual customers, including overseeing marketing and communications for the company.Read more >

GoalPath Offers Defined Outcome System

The company calls it a defined outcome system because it is a suite of tools that emphasizes retirement income over account balances.Read more >

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

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