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May 4th, 2021 Information & Insights for the 403(b) Community Lawsuit Alleges Participant Price for University of Tampa Plan Is Too High The plaintiff argues that similar university lawsuit settlements have helped to drive down fees, and changes the university made last year were too late. 403(b) Lawsuit Targeting WakeMed Rapidly Settles In their short-lived complaint, the plaintiffs suggested WakeMed fiduciaries have not acted prudently in the operation of the 403(b) retirement plan in question. Ask the Experts Are Employee Mandatory Contributions to 403(b)s Reported on W-2s? “I work at a university where we have an employee mandatory contribution that is pursuant to a one-time irrevocable election as to whether to participate in our 403(b) plan. Our payroll people insist that the mandatory contributions don’t have to be reported on the W-2 at all, but I always thought that they needed to be reported somewhere. Who is correct?” DC Plan Participants Need More Than Jargon The way people view and define retirement has undergone a significant philosophical change in recent years, creating a clear and present need to update the defined contribution plan lexicon. Missing Participants Do new DOL best practices deliver on plan sponsors’ requests? 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