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June 6th, 2023 Information & Insights for the 403(b) Community House Committee Approves Bill Allowing CITs in 403(b) Plans The proposal would provide the needed changes to securities laws that were missing from SECURE 2.0. Robust Retirement Tiers Can Help Keep Participants In-Plan Plan sponsors who want to continue serving their retirees need to give them a reason to stay. Ask the Experts When Does a New Plan Have to Meet SECURE 2.0 Mandates? We are a nonprofit organization that is planning on establishing a new 401(k) plan for a new for-profit subsidiary member of our controlled group. Must that plan include the automatic enrollment provision that is mandated for new plans under the SECURE 2.0 Act of 2022? We have more than 10 employees, but the new subsidiary would only have about five employees at inception. Senate HELP Committee Asks DOL to Focus on 6 SECURE 2.0 Provisions Areas including emergency savings and employee ownership were identified as 2024 brings more SECURE 2.0 regulatory deadlines. 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 300, Rockville, MD 20850