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June 26th, 2020 Information & Insights for the 403(b) Community Another Risk for Retirement Savings: Divorce Divorced women are especially vulnerable, but targeted messages not just focused on retirement can help. The Road Ahead for Plan Sponsors Webinar To get their plans and participants moving forward again, sponsors can perform several steps that examine multiple areas of plan management. Join PLANSPONSOR, industry experts and a plan sponsor to review what plan sponsors should evaluate once their operations start ramping up again. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” DOL Seeks Stricter Limits on ESG Investing Under ERISA The proposed regulation would “confirm that ERISA requires plan fiduciaries to select investments and investment courses of action based solely on financial considerations relevant to the risk-adjusted economic value of a particular investment.” IRS Notice Details RMD Rollback Process Under CARES Act IRS Notice 2020-51 answers questions regarding the waiver of required minimum distributions (RMDs) for 2020 under the Coronavirus Aid, Relief and Economic Security (CARES) Act. To Keep Retiring Participants in the Plan, Tout the Benefits Participants nearing retirement are often approached by sources unrelated to the employer’s plan—some predatory. Reminding them of the work plan sponsors do can help keep them safe. Attention to Retirement Plan Digital Communications Increasingly Important A paper authored by Shlomo Benartzi, senior academic adviser at the Voya Behavioral Finance Institute for Innovation, promotes the idea of a “digital fiduciary,” and Andrew Way, with Corporate Insight, weighs in on best practices for digital communications. GASB Finalizes Reporting Rules for 457 Plans Prior standards presumed that all Section 457 plans were not pension plans and, therefore, were not subject to pension plan reporting requirements. 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 400, Rockville, MD 20850