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November 1st, 2019 Information & Insights for the 403(b) Community The Future of Annuities for DC Plan Participants There are differences between annuities the industry wants to offer DC plan participants and those that have traditionally been offered. $18.1M MIT Fiduciary Breach Lawsuit Settlement Includes RFP Process Among the non-monetary elements of the settlement is a requirement to conduct a recordkeeping RFP process that will result in a per-participant fee structure. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” Participant Views on Retirement Plan Loans Can Inform Benefit Decisions Additional benefits and loan policy changes can keep participants from taking loans while other strategies can prevent loan default. Public-Sector Employees Need More Financial Education Nearly two-thirds believe it is important to have a financial literacy program offered by their employer, and they listed the topics they would like discussed. Fidelity’s New Retirement Income Solution Avoids Guarantees While there is significant interest being voiced among policymakers and plan sponsors about in-plan annuities, providers are favoring retirement income innovations that don’t involve guarantees. 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