view in browser |
Plansponsor Logo
Information & Insights for the 403(b) Community
The Road Ahead
The Road Ahead
What plan ­sponsors should ­evaluate once the immediate crisis ends.
Cornell University 403(b) Plan Suit Could Face ‘Considerable’ Delay
Though claims in the case were pared down last fall, the plaintiffs have requested a jury trial, so a federal judge has given them options for proceeding.
Ask the Experts
Are RMDs Required for Those Who Turned 70 1/2 in 2019?
“The SECURE Act increased the age for required minimum distributions (RMDs) for retirees from age 70 ½ to age 72. If we are reading the law correctly, this provision is NOT grandfathered, meaning that, if I have a participant who turned age 70 ½ in 2019, he/she must take an initial RMD by 4/1/2020. I have a retiree who turned age 70 ½ in the second half of 2019, meaning he/she will not turn 72 until 2021. Can that retiree skip the minimum required distribution for 2020, since he/she will not be 72 in 2020?”
An Inclusive Approach to Setting (or Resetting) a Financial Wellness Program
Warren Cormier, with the DCIIA Retirement Research Center, discusses how financial wellness programs can evolve to better engage employees and address their present-day realities and concerns.
Washington University 403(b) Challenge Revived by 8th Circuit
Parts of the lower court’s ruling against the plaintiffs’ claims have been rejected and remanded by the appeals court. Introduces Cash Back Toward Student Loans Program
Users can get up to 30% cash back on items from more than 450 brands, which automatically directs to the purchaser’s student loan with the highest interest rate.
Did someone forward you this newsletter? Sign up here to get (b)lines directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2021 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850