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July 25th, 2023 Information & Insights for the 403(b) Community Verizon Reaches $30M Settlement in 401(k) Complaint The 2016 lawsuit accused Verizon of failing to monitor a hedge fund in its retirement plan TDFs. DOL Advises Plan Sponsors to Extend Enrollment Period for Employees Losing Medicaid The unwinding of a COVID-19 policy that prohibited states from removing people from Medicaid and CHIP could leave hundreds of thousands without health coverage.   Ask the Experts Could Adding Employer Contributions To An Existing Plan Prompt Tax Credits? Q: My private practice has had a 401(k) plan for many years, however, the plan has never had employer contributions. Could I add employer contributions to the plan this year and receive the startup tax credits? Industry Players Want Mandatory Roth Catch-Up Implementation Delayed The list of industry groups calling for more time on Roth catch-ups is growing rapidly. How Website Design, Higher Default Rates Can Improve Participant Engagement Reframing wording for employee contributions and presenting higher default savings options are effective strategies, according to Voya research. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 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