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June 8th, 2021 Information & Insights for the 403(b) Community 2021 Service Stars Five individuals and five teams from the retirement plan provider community have been selected as 2021 PLANSPONSOR Service Stars. Nuances of Employer-Sponsored Plans 401(k)s, 403(b)s and 457(b)s have been growing increasingly similar, though a number of key distinctions remain. Ask the Experts Statutory Limits to Use for Non-Calendar Year Plans “Our ERISA 403(b) plan has a non-calendar year plan year: July 1 to June 30. Our recordkeeper insists that in calculating the 415 contribution limit, we should use the dollar limitation for the calendar year in which our plan year ENDS, but for calculating the 401(a)(17) compensation limit, we should use the dollar limitation for the calendar year in which the plan year BEGINS. Could that possibly be correct?” Determining DC Saving Rates Auto-enrollment has a greater impact on participant savings than any other variable. The Financial Wake of COVID-19 Participants and recordkeepers are reflecting on how the pandemic has affected them. 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 400, Rockville, MD 20850