(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
March 21st, 2017

2017 Plan Sponsor of the Year Finalists

Profiles of our 2017 Plan Sponsor of the Year award finalists are now online.Read more >

Eighty Percent of American Workers Back State-Run Retirement Plans

An AARP survey shows that the vast majority (84%) of American private-sector workers “strongly or somewhat agree” that officials should back legislation to enable workers “to save their own money for retirement.” The survey of nearly 4,000 workers ages 18 to 64 included a significant oversampling of African Americans, Latinos/as and Asian Americans. The survey finds strong backing across all races, ethnicities and political ideologies for elected officials to clear the way for employee savings initiatives.Read more >

DOL to Hold Fiduciary Responsibilities Seminar in Maryland

The Department of Labor (DOL) Employee Benefits Security Administration (EBSA), has announced its compliance assistance program, Getting It Right – Know Your Fiduciary Responsibilities seminar, will be held in Rockville, Maryland on April 20.Read more >
Can Church 401(k) Plans Be Merged With 403(b) Plans?
I read your Ask the Experts column regarding 403(a) plan mergers and you made brief mention of the fact that church 401(a) and 403(b) plans could be merged. Is this true? How about church 401(k) plans—could they be merged with 403(b) plans as well?”Read more >

Surge in Wrong VCP User Fees Prompts IRS Reminders

After noticing a surge of incorrect high user fees, the Internal Revenue Service (IRS) Employee Plans Voluntary Compliance function (VC) has released a reminder on ways plan sponsors can evade an overpayment of fees, such as determining the correct voluntary correction program (VCP) submission user fee, and specific qualification for reduced fees.Read more >

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

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