(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
June 26th, 2018

The 2018 PLANSPONSOR National Conference covered current trends and best practices for defined benefit (DB) and defined contribution (DC) retirement plans, while discussing what lies ahead in retirement plan design, participant engagement and education, and investment options and solutions, as well as, of course, legislative and regulatory updates. Here is our team coverage of conference discussions.Read more >

K-12 403(b) Plan Sponsors Have New Fiduciary Duties Under Conn. Law

The new law requires the plans to disclose the fee ratio and returns, net of fees, for each investment offered to participants, as well as to disclose any fees paid to an adviser.Read more >

Prospect Chartercare Faces Lawsuit Over DB Plan Funding

The complaint alleges that at a certain point, the plan lost its church plan status as defined by the Employee Retirement Income Security Act (ERISA) and was required to adhere to ERISA funding rules.Read more >

Retirement Plans Must Be Paired With Educational Programs

In a new report, “Retirement Plan Best Practices: Participant Education.” Arnerich Massena says, education is critical to helping participants become aware of their plan and its critical value to them. “Combined with effective plan design and maintenance, education can play a significant role in improving participant outcomes,” the company says. The report is one of a five-part series that Arnerich Massena issued on retirement best practices.Read more >
How to Match When Deferrals Are Front-Loaded
“We have a few 403(b) plan participants that have front-loaded their elective deferrals to the 403(b) plan, so that have met the 402(g) limit, even though were are less than halfway through the year. Because we have a matching contribution that matches elective deferrals each pay period, their match ceased when the elective deferrals ceased, resulting in these employees not receiving their full matching contribution for the year. How do we address this issue, if at all?”Read more >

Retirees Say Income Replacement Needed Not As High As Pre-Retirees Think

Half of retirees say they spend less in retirement than they did in their working years.Read more >

ARA Study Finds Electronic Delivery of DC Plan Disclosures Can Save Money

Current regulations requiring paper delivery of participant DC plan information can cost investors between $350 to $500 million per year, which can reduce the average account balance by 2.4% over a 40-year work life, the study found.Read more >

Cerulli Analysts Tackle Tough Topic of ESG ‘Materiality’

While not a new concept, materiality is essential to efficiently integrating environmental, social and governance (ESG) factors into the investment process; it all boils down to being able to determine which ESG factors are likely to be linked to stronger investment performance by identifying risks that are related to certain industries.Read more >

Social Investing and ERISA Plans: The Context Is Significant

Thomas White, partner at Rimon Law, discusses how plan sponsors should consider ESG investments following the Department of Labor’s (DOL)’s latest guidance.Read more >

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

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