(b)lines – March 31, 2020

view in browser

plansponsor.com

March 31st, 2020
Information & Insights for the 403(b) Community

Introducing Generation Z to Retirement

While retirement isn’t achievable for this new clutch of employees for years to come, saving for it is.

Remedial Amendment Periods for 403(b) Plans and DB Plans Extended

Plan sponsors now have until June 30 to update their pre-approved and individually designed 403(b) plan documents.

Ask the Experts

Coronavirus-Related Distributions From 403(b) and Governmental 457(b) Plans

“Our firm sponsors both a 403(b) and 457(b) plan and have already begun to receive questions from employees regarding the hardship distribution (403(b)) and unforeseeable emergency distribution (457(b)) provisions in our retirement plans and whether they would be able to access their funds in such plans due to expenses related to the COVID-19 pandemic. Will such distributions be permissible?”

CARES Act Passes Congress, Including Retirement Plan Relief

Plan sponsors who have faced regional natural disasters will be familiar with many of the relief provisions adopted by Congress, from the suspension of required minimum distributions to the doubling of loan limits.

Plan Sponsors Facing Difficult Decisions During Coronavirus Pandemic

Stopping employer matching contributions, laying off employees, adjusting DB plan contributions; plan sponsors need to understand the effects of each decision.

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.

Did someone forward you this newsletter? Sign up here to get (b)lines directly in
your mailbox!

Unsubscribe

Manage Subscriptions

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