(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
June 29th, 2018

R.I. Governor Signs Bill to Facilitate Settlement of Church Plan Suits

A newly filed challenge to St. Joseph Health Services of Rhode Island’s retirement plan claims the plan at some point failed to be a church plan, and entities administering or associated with the plan hid this to keep from adhering to funding rules as defined by the Employee Retirement Income Security Act (ERISA). The legislation helps protect defendants who settle lawsuits from claims from co-defendants. Read more >

PSNC 2018: Benchmarking Retirement Readiness

Reviewing a participant’s financial health involves more than just deploying the latest retirement readiness tools. Read more >
ASK THE EXPERTS
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts


GWU Tells Court 403(b)s Cannot Be Compared to 401(k)s

In a brief supporting a motion to dismiss a case against George Washington University related to the management of its 403(b) plan, the defendants note that 403(b)s have always looked differently and were set up for a different purpose than 401(k) plans. Read more >

Many Americans Prioritize ‘Wants’ Over Saving

Four in ten Americans (40%) admit that they have tapped into their savings to pay for something that they really want, but didn’t absolutely need. Read more >

Groom Law Group to IRS: More Plan Types Need Determination Letters

Under the restricted determination letter program created by IRS Revenue Procedure 2016-37, a plan can now request a determination letter only in very limited circumstances; attorneys with Groom Law Group are calling for a new expansion of the program. Read more >

Principal Offers Retirement Plan Solution for Small and Mid-Sized Employers

Principal Financial Group has introduced two new products for small and mid-sized businesses and tax-exempt organizations to make it easier for them to offer retirement plans. Read more >

Transamerica Launches Stable Value Account for Retirement Plans

Transamerica announced the availability of a new stable value general account option for retirement plans. The Transamerica Guaranteed Investment Option is available to most large market retirement plans administered by Transamerica, including 401(k), 403(b), and 457 plans. Read more >

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

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

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