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March 27th, 2020 Information & Insights for the 403(b) Community Understanding the Market Cycle Is Important to Retirement Plan Investors It is inevitable that markets will go up and down; lessons about downturns should always be a part of participant education. Coronavirus News for Plan Sponsors PLANSPONSOR has created a special page on our website with the latest coronavirus-related news about market volatility, benefits and business updates, and legislative and regulatory actions. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” Appellate Court Adds Color to Northwestern University’s ERISA Suit Win Throughout the 7th Circuit’s decision, it contends the plaintiffs put forth their own opinions and preferences rather than evidence of fiduciary breaches. Retirement Plan Provisions Included in Senate’s Stimulus Package Among other things, the bill would allow for targeted, penalty-free access to tax-qualified accounts for those hit hardest by the health crisis. Tax Filing Relief Adds Time to Contribute to Benefit Plans Individuals have more time to contribute to IRAs and HSAs, and employers have more time to contribute to their retirement plans. Retirement Plan Providers Preparing for Spikes in Loans and Hardships As the retirement industry awaits details of a coronavirus stimulus relief bill, a spike in participant loans and hardship withdrawals is anticipated. FinFit Waives Fee on Financial Wellness Platform FinFit’s financial wellness platform is available to employers for free through June 30. 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