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May 9th, 2023 Information & Insights for the 403(b) Community DC Plan Sponsors Should Pay Attention to Increased Litigation, Low Retirement Confidence The first quarter of 2023 in the defined contribution market saw an uptick in lawsuits, many legislative and regulatory changes and a dip in retirement confidence, speakers on a Mercer webinar said.  PBGC Grants More Than $600 Million to 3 Struggling Pension Funds The pensions are in the service, transportation and manufacturing industries. Ask the Experts How and When Will SECURE 2.0 Roth Provisions Affect RMDs? I heard that, under the SECURE 2.0 Act, Roth amounts can be excluded from required minimum distributions. We had a retired participant who just took her initial 2022 RMD from our 403(b) plan that was due to be taken on April 1. She wanted to know if, since that distribution included her Roth balance, whether the distribution could be reversed and retaken without including the Roth balance in the calculation. Also, since she delayed her distribution until recently, she realizes that she also has to take her 2023 RMD this year and inquired as to whether the Roth amount could be excluded as well. What say the Experts? New NIRS Report Details Alaska Public Worker Exodus After Switch to DC Plan The 2005 move led to increased turnover in employees enrolled in Alaska’s TRS and PERS retirement plans, the study found. 2023 Recordkeeping Survey Calling All Recordkeeping Firms! Don’t miss your chance to highlight your services for plan sponsors. Complete your entry in the PLANSPONSOR 2023 Recordkeeping Survey by the FINAL deadline, May 23. 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 300, Rockville, MD 20850