(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
June 27th, 2017

2017 Recordkeeping Survey

The PLANSPONSOR 2017 Recordkeeping Survey is now online. Read more >

Smaller Companies Cite Reasons for Not Offering Retirement Plans

Only 53% of small- to mid-sized businesses, those with five to 250 employees, offer a retirement plan, The Pew Charitable Trusts found in a survey. Ninety-three percent believe their employees would prefer a higher salary or other benefits. Employers offer reasons for not offering a retirement plan to employees, and smaller companies that do offer one cite reasons for not using automatic plan features. Read more >

Written Financial Plans Drive More Positive Savings Behaviors

People with written financial plans are more confident, more engaged with their wealth and demonstrate more positive saving and investing behaviors than average Americans, according to Charles Schwab’s new Modern Wealth Index. Although more Millennials than other generations reported having a written financial plan, some of their immediate money habits do not coincide with long-term planning. Read more >
ASK THE EXPERTS
Do 415 Limits Include Age-50 and 15-Year Catch Up Contributions?
“I noticed that the software that we use to calculate combined contributions in our 403(b) plan includes the age-50 catch-up contribution and the 15-year catch-up contribution as part of the 415 limit. Is this correct?” Read more >

Voya Financial Hired Leader of Retirement Product Organization

Voya Financial, Inc. has hired Jeff Cimini to lead the company’s Retirement Product organization. Cimini will oversee the team responsible for all aspects of the centralized retirement product functions, including product management, development, strategy, pricing, competitive intelligence, Voya Institutional Trust Company, as well as the advisory services programs that Voya offers to plan sponsors and their participants. Read more >

Lincoln Financial Names Head of Product Management

Lincoln Financial Group announced that Matthew Condos has been named vice president of Product Management for its Retirement Plan Services business. Condos brings with him significant experience in the retirement industry, including product development, defined contribution, and stable value product knowledge. Read more >

Man Group Names Head of Responsible Investments

Man Group announced the appointment of Steven Desmyter as head of Responsible Investment and chair of Man Group’s Responsible Investment Committee. This position recognizes his instrumental role in developing and driving forward the firm’s responsible investment capabilities, in support of clients’ needs. Read more >

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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