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PLANSPONSOR BLINESs LOGO June 29th, 2021
Information & Insights for the 403(b) Community
PSNC 2021: Plan Design Elements to Improve Outcomes
PSNC 2021: Plan Design Elements to Improve Outcomes
Now that the worst of the coronavirus pandemic has lifted and work has largely returned to normalcy, so too has retirement plan sponsors’ commitment to finessing plan design.
Participant in Pennsylvania’s School System Plan Sues Investment Consultants
Teachers hired after 2011 are part of a variable benefit plan design, in which they have to pay more into the plan when returns miss certain targets, a news report says.
Ask the Experts
Does the 10% Premature Distribution Penalty Apply to Roth Conversions?
“Our 403(b) plan allows for both Roth contributions AND Roth conversions. We have an active employee who is 30 years old who wishes to make a Roth conversion. She realizes that she is subject to ordinary income tax on the amount of the conversion, but she wanted to know if the 10% premature distribution penalty applies to the conversion. What say the Experts?”
IRS Extends Again Relief From Physical Presence Requirement for Participant Elections
The agency is requesting comments about whether relief should be made permanent.
PSNC 2021: Savings Hierarchy — Allocating Between DC Plans, HSAs, Savings and Debt
Experts dissected what financial benefits and opportunities sponsors should offer participants, and any savings or spending hierarchies their participants should prioritize.
IRS Extends Again Relief From Physical Presence Requirement for Participant Elections
The agency is requesting comments about whether relief should be made permanent.
PSNC 2021: Managing Crisis: Investing Lessons From an Aging Workforce
There are plan design features, communications and investment options that can help participants near retirement stay on track for retirement security.
GAO Recommends That Federal Thrift Savings Plan Evaluate Climate Change Risk
The agency identified how retirement plans for public and private-sector employees in other countries are already assessing their risk.
New TPA to Focus on 403(b), 457 Education & Service
The TPA will give sponsors a platform where they can centralize these functions.
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