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March 17th, 2020 Information & Insights for the 403(b) Community Next Steps for 403(b) Plan Sponsors Now that plan documents will be cleaned up, 403(b) plan sponsors can focus on strategic tasks such as plan design changes and on complying with new legislation. Bill Introduced to Allow CITs in 403(b)s Vanguard estimates the cost savings to 403(b) participants in plans that offer CITs could amount to as much as $250 million per year. Ask the Experts Distribution Reporting for 457(b) Plans “Are distributions to retired employees from a 457(b) plan of a private tax-exempt employer reported on a 1099-R or W-2? Does it matter whether the distribution is an annuity or not?” Helping non-TDF DC Plan Investors Diversify DC plan sponsors have several items in their toolbox to help participants create a diversified portfolio that includes exposure to equities in line with their risk tolerance. SEC Adopts Rule to Simplify Variable Annuity Disclosures The action, in part, addresses the concern plan sponsors had about the ability to understand—and to communicate to participants—these complex products. 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