(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
June 4th, 2019

Archdiocese of San Juan Asks Supreme Court to Weigh In on Pension Plan Judgement

The Archdiocese says since it was ordered to pay $4.7 million to teachers whose pension plan was terminated, officials have seized assets from all Catholic entities in Puerto Rico, including those not covered by the plan. Read more >

Perceptions of Retirement Preparedness Vary With Age and Time

A study from the Federal Reserve finds people at different ages have a savings threshold for feeling they are on track for an adequate retirement, and for those in retirement, reported economic well-being varies substantially with the reason for retirement. Read more >
ASK THE EXPERTS
Rolling 403(b) Funds Back to a Prior 403(b)
“An employee left our charitable foundation to work for another. When she left, she took a distribution and rolled it over to the plan of the other foundation. She has since returned to work for us. Can she roll the funds that she rolled over to her new employer’s 403(b) plan right back to our 403(b) plan?” Read more >

Sponsored message from Guidestone Financial Resources

Fiduciary Overview for Church Retirement Plans Webcast

Behind every successful retirement plan is a strong fiduciary. How do you know if you’re being effective? GuideStone’s Legal team shares what every church plan fiduciary should know. Read more >

403(b) Participants Denied Second Attempt to Sue Georgetown University

A federal court judge found that participants in two retirement plans sponsored by Georgetown University filed their motion for leave to file an amended complaint two days too late under Federal Rules of Civil Procedure, and provided no evidence to support extending the timeframe. Read more >

Employees Need to Plan for Greater Health Costs in Retirement

The Employee Benefit Research Institute (EBRI) says that due to the financial condition of the Medicare program and cutbacks to employment-based retiree health programs, in the future, individuals are going to have to pay a greater share of their health care costs in retirement. Read more >

Transamerica Brings In Directors of Client Engagement and Retirement Strategy

Chris Messina will focus on working with client executives to create best strategies and practices for Transamerica’s plan sponsor clients, and Wendy Daniels will focus on executing the company’s strategy to acquire retirement plan business with an emphasis on health care and higher education retirement plans. Read more >

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

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

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