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March 4th, 2025 Information & Insights for the 403(b) Community House Financial Services Committee Seeks Feedback on 403(b) Access to CITs After a hearing on Wednesday, the committee seeks feedback on several legislative proposals, including one that would allow 403(b) plans to invest in collective investment trusts. TPA Breach Exposes Data of Participants at Community Colleges, Public Schools A third-party administrator of 403(b) and 457(b) plans experienced a cyber breach last month, exposing sensitive information of more than 48,400 retirement plan participants. Ask the Experts How Are Wages Considered to Determine the Need for Roth Catch-up Contributions? Q: We are a large healthcare organization that owns multiple hospitals. Two of those hospitals each sponsor separate 403(b) plans, though both are members of the same controlled group. We have one employee who works for both entities, with projected FICA wages of $80,000 at each entity in 2025. Assuming actual FICA wages match projections, for purposes of the mandatory Roth catch-up for 2026, will the employee be considered to have earned $160,000, and thus only be eligible to make catch-up deferrals as Roth? Or is the compensation broken down by each plan sponsor, and would thus permit a pre-tax catch-up election? SECURE 2.0 Livestream Series: Special Considerations for 403(b) Plans Register for the March 5 event. Hear what SECURE 2.0 provisions 403(b) plan sponsors are embracing and what unique challenges they encounter. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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 300, Rockville, MD 20850