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March 1st, 2019

Americans Say Lawmakers Don’t Understand Difficulty in Preparing for Retirement

Eighty percent of Americans polled by the NIRS think the government should make it easier for employers to offer pensions, and more than half think the government needs to increase Social Security contributions from both employers and workers. Read more >
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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

IRS Requests Comments on Information Collection for 403(b) Plan Auto Enrollment

Among other things, comments are invited on ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Read more >

Parties in Vanderbilt University 403(b) Suit Have Reached a Settlement

A federal district court judge has granted the parties’ request to set a deadline of April 22, for the filing of a motion for preliminary approval of the settlement. Read more >

ICI Says Supreme Court Holds Important Decision in Its Hands

In an amicus curiae brief, the Investment Company Institute says letting an appellate court decision in a case against Putnam Investments stand will increase Employee Retirement Income Security Act (ERISA) litigation, distort retirement plan fiduciary decisionmaking and ultimately harm plan participants. Questions before the Supreme Court are whether the plaintiff or the defendant bears the burden of proof on loss causation under ERISA and whether showing that particular investment options did not perform as well as a set of index funds selected by the plaintiffs with the benefit of hindsight, suffices as a matter of law to establish losses to the plan. Read more >

Safeguarding DC Plan Data Is About More Than Cybersecurity

Andy Adams and Jay Schmitt, with Strategic Benefits Advisors, discuss what makes retirement plan data vulnerable and actionable steps to protect it from fraud. Read more >

NTSA Launches Financial Literacy Program for Teachers and Staff

In support of the National Tax-Deferred Savings Association’s (NTSA)’s dual goals of improving the understanding of retirement planning options and improving participation rates in 403(b) plans, the organization has created a comprehensive retirement educational program that is available to school districts and their employees across the United States. Read more >

Break From the Grind: Tooth Fairy Payout Tracks With S&P 500

The Tooth Fairy’s purse strings appear to be tighter than a year ago with the average monetary payout down by 43 cents, according to the Original Tooth Fairy Poll sponsored by Delta Dental. Delta Dental says the Original Tooth Fairy Poll has tracked with the movement of Standard & Poor’s 500 Index (S&P 500) for 14 of the past 17 years. Read more >

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

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

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