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May 21st, 2024 Information & Insights for the 403(b) Community Increased M&A of U.S. Hospitals Leads to Turnover, Benefits Confusion When a hospital goes through a merger or acquisition, health care workers must deal with salary and benefits changes, which can lead to stress and distrust in senior management. Meet the 2024 Plan Sponsor of the Year Finalists PLANSPONSOR is pleased to publish profiles of all the 2024 Plan Sponsor of the Year finalists. Winners will be revealed on June 5 at the Plan Sponsor National Conference.  Ask the Experts How Much of a 403(b) Balance Can a Retired Participant Roll Over to an IRA? Q: A 78-year-old employee of our university just retired. He wanted to roll over his entire 403(b) plan balance to an IRA, but our plan’s recordkeeper told him that the portion of the account balance attributable to his initial Required Minimum Distribution could not be rolled over to an IRA. However, his initial RMD is not due until April 1, 2025. Could he just roll over his entire balance to the IRA and then take an RMD from the IRA before April 1, 2025? SEC Finalizes Data Breach Notification Rule Advisers and investment companies must now inform their customers of data breaches within 30 days. 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