(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
July 29th, 2016

Even 403(b)s With Multiple Providers Can Improve Plans

403(b) plans that haven’t embarked on fund and provider consolidation still have opportunities to build participant-friendly and cost-effective plan designs, a paper from Rocaton Investment Advisors suggests. Diane Improta, managing director at Rocaton, recommends best practices.Read more >

Retirees Not Spending What They Draw Down

Research from Vanguard suggests the discussion needs to shift to spending rather than withdrawal rates from financial accounts, in order to effectively measure the sustainability of savings in retirement.Read more >
A reader asks: “I realize that governmental plan sponsors are exempt from Employee Retirement Income Security Act (ERISA) coverage. But can governmental plan sponsors voluntarily elect to be covered under ERISA?”Read more >

A Plan Sponsor Finds Surprises in Adviser Benchmarking

Happy with its adviser, Dot Foods only completed the RFP process for due diligence, but what it discovered led it to hire a new adviser.Read more >

Retirement Planning Focus Differs by Age

Plan sponsors can help participants become more retirement ready by offering age-specific education rather than taking a one-size fits all approach, OneAmerica found through an analysis of visitors to its participant website.Read more >

Cases Questioning Church Plans Petitioned to Supreme Court

Advocate Health Care and St. Peter’s Healthcare System have filed petitions for writ of certiorari with the U.S. Supreme Court to determine whether their pension plans are considered “church plans” under the Employee Retirement Income Security Act (ERISA).Read more >

Empower is offering a guide which provides detailed capabilities and benefits of modern recordkeeping systems. It also addresses the issues of data security with specific questions to be asked when choosing a recordkeeping provider.Read more >

You know the word-play sentence, “You can tune a piano, but you can’t tuna fish.” A competition is held every year for people to come up with the best such phrase. See entries as well as the winning submission.Read more >

David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice.

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

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