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PLANSPONSOR BLINESs LOGO June 23rd, 2020
Information & Insights for the 403(b) Community
Retirement Plan Providers Amplifying Diversity and Inclusion Efforts
Retirement Plan Providers Amplifying Diversity and Inclusion Efforts
Concrete steps providers are taking to increase equity within the workforce are examples plan sponsors can follow.
Clearing Up Confusion About Retirement Timing
The pandemic may put a wrench in some participants’ plans to retire, but others may be more prepared than they think. How can plan sponsors help them decide?
Ask the Experts
Excluding Employees From the Right to Make 403(b) Elective Deferrals
“I work with a charter school that wishes to exclude certain employees from the right to make elective deferrals to its 403(b) plan. Specifically, the school wishes to exclude employees who would work less than 10 hours per week and employees who would defer less than $10 per month. Can they exclude such employees from the right to make elective deferrals in this manner without violating the universal availability rules?”
TIAA Offers Nonprofits a Student Debt Relief Program for Employees
Together with Savi, TIAA has launched a program that helps employees reduce their monthly payments and qualify over time for the federal Public Service Loan Forgiveness (PSLF) program.
COVID-19 Compliance Corner: IRS Eases Spousal Consent Rules for 2020
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19 pandemic that affect retirement and health plan sponsors.
IRS Makes More People Eligible for CARES Act Distributions and Loans
Notice 2020-50 expands the definition of who is a qualified individual to take into account additional factors such as reductions in pay, rescissions of job offers and delayed job start dates.
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