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May 19th, 2020 Information & Insights for the 403(b) Community Past Performance of DC Plan Participants Is Not Indicative of Future Results Important differences suggest that a look at DC plan participant actions during the Great Recession may not offer insight into what they’ll do during this crisis. COVID-19 Compliance Corner: New Loan Provisions Under the CARES Act Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19 pandemic that affect retirement plan sponsors. Ask the Experts Does e-Disclosure Rule Allow for Postcard Notification of Links? “The Experts previously stated that the use of a letter/postcard with a website link to an SPD or other ERISA-required disclosure would fall outside of the DOL’s safe harbor for electronic disclosure. Does the DOL’s issuance of a proposed rule regarding electronic disclosures change that response in any way?” Keeping Retiree Assets in DC Plans Benefits Sponsors and Participants The benefits of keeping assets in the plan should be communicated to retirees, and plan sponsors should adjust design to accommodate income strategies. Gen Z Outpacing Other Age Groups in Saving Steered by the Great Recession and now COVID-19, the youngest working generation is driven to be financially aware and well. Employers Are Beefing Up Financial Wellness Programs The coronavirus pandemic has exposed workers’ need for financial coaching and for employers to offer resources. New Mexico Passes State-Run Retirement Program Legislation The legislation provides for a state-run auto-IRA program as well as a marketplace from which employers can choose low-cost retirement savings plans. 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