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May 24th, 2022 Information & Insights for the 403(b) Community Plan Progress Webinar: Managing the DC Plan Investment Menu Providing retirement plan participants with access to a self-directed brokerage window demands the examination of plan demographics to determine if one is appropriate. Target-Date Funds Helped Savers Weather Q1 Volatility Retirement plan participants are staying on track, not changing allocations, in the face of market volatility. Ask the Experts At What Rate Should Rehires Be Auto-Enrolled "We sponsor an automatically enrolled 403(b) plan that is a qualified automatic contribution arrangement. We also utilize an automatic escalation feature, with the deferral amount increasing by 1% from the auto-enrolled minimum of 3% each plan year, which is the calendar year in our case. We recently had a rehired participant who, when she left three years ago, was automatically enrolled at an auto-escalated 4% deferral rate. Upon rehire, should she be auto-enrolled at that 4% deferral rate, or would she revert to the 3% default deferral rate for new hires?" Workers and Retirees Hold Differing Views on Retirement Income Sources The Employee Benefit Research Institute's Retirement Confidence Survey revealed workers’ expectations of and retirees’ experiences with workplace plans.   Consultants’ Say Leading Clients Prioritize Evaluating Retirement Income Consultants report 76% of plan sponsors prefer to retain retiree assets in plan, up from less than half in 2015. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox!

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