(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
March 5th, 2019

How Open MEPs Could Change the Retirement Plan Market

Not immediately, but over time, with passage of open MEP legislation, plan sponsors will see a change in service delivery, plan advisers will have to consider different distribution paths, and plan providers will experience both innovation and disintermediation. Read more >

SOA Finds Retirement Focus Greater for Married/Partnered Versus Singles

Those married or partnered are more likely to have a positive outlook on their finances, consider themselves planners and savers and have a focus on saving for retirement, while those who are single are prioritizing affording everyday bills and paying down student debt, the Society of Actuaries (SOA) has found. Read more >

Barry’s Pickings: Adequacy

Ask several retirement plan professionals, “How much income in retirement is enough?” and one may get several answers. Michael Barry, president of O3 Plan Advisory Services LLC, discusses why this is an individual decision, and what issues in the retirement plan system need to be addressed. Read more >
ASK THE EXPERTS
What Type of Nonqualified Plan Is Allowed for a Governmental/Municipal Hospital?
“Would a governmental/municipal hospital be allowed to have a nonqualified plan? If so, what type would be allowed: a governmental or a private-tax exempt 457(b), a 457(f) plan?” Read more >

Reducing Financial Fragility Important to Improving Retirement Savings

There are dramatic differences when it comes to retirement planning behavior by levels of financial fragility, according to a report from the Society of Actuaries (SOA). Those with high fragility are much more likely to have short planning horizons and to prioritize everyday bills over retirement or emergency savings. Debt, especially credit card debt, is a major barrier, with 94% of those with high fragility holding some form of debt and 56% reporting credit card debt. The SOA says financial wellness programs need to be designed so individuals of different fragility levels can connect to what is useful and important to their situation. Read more >

Horace Mann Expands Into Tax-Exempt Retirement Market

Horace Mann’s traditional agencies will continue to focus on the public education sector, while newly acquired subsidiary BCG will offer qualified and non-qualified solutions for nonprofit/tax-exempt organizations. Read more >

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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