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July 30th, 2024 Information & Insights for the 403(b) Community MissionSquare Retirement Appoints New CEO and President Andre Robinson will succeed Deanna Santana, who served as acting CEO and president since 2023.  Second Texas Federal Court Broadens Stay of DOL Retirement Security Rule Decision in the American Council of Life Insurers’ case adds a stay on prohibited transaction rule. Ask the Experts Are Age 60-63 Catch-up Contributions ‘Freebies’?’ Q: I read in an old Ask the Experts column that the age-50 catch-up election is a “freebie,” meaning that such amounts are not included as contributions for Section 415 or Section 402(g) limit purposes, nor are they included in any other contribution or nondiscrimination testing limits. Is this the same for the new age 60-63 catch-up election under the SECURE 2.0 Act of 2022 as well? To Avert Potential Issues Later, Perform a Self-­Audit A DOL study says many sponsors neglect to do these fiduciary reviews. Yet, if they do them, self-correction is easier than ever. Americans Are United in Support for Social Security Voters agree that federal funding for Social Security needs to be addressed, but it is unclear if politicians will listen and act, say experts at a NIRS webinar. 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