(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
November 10th, 2015

Retired Americans Need More Savings

Just 20% of survey respondents who have retired say they’ve saved enough.Read more >

Advice Can Make a Difference in Rocky Market

Unsurprisingly, given the market slumps of August, a record number of people sought guidance by phone and online in the third quarter, according to data from Fidelity. Did the advice help participants avoid panic selling?Read more >
A majority of employees are happy with the retirement plans their employers provide, but they are increasingly worried about factors that could negatively affect their years in retirement.Read more >

Mercer Creates DC and Financial Wellness Unit

Mercer, a wholly owned subsidiary of Marsh & McLennan Companies, announced a number of leadership changes as well as the creation of a U.S. Defined Contribution (DC) & Financial Wellness business unit, which will be led by senior partner Tom Murphy.Read more >

Millennials Prefer Performance Conversations

Twenty-two percent say they’ve called in sick because they were anxious about receiving their performance review.Read more >

Employee Concerns About Eliminating the 15-Year Catch-Up

“As discussed in your recent Ask the Experts columns ‘Can the 15-year Catch-up be Phased Out?’ and ‘Should the 15-year Catch-up be Eliminated?’ we have decided to eliminate the 15-year catch-up election from our 403(b) plan, effective 1/1/2016. However, we have received some resistance from employees, even though very few employees actually utilize the election! Can the Experts make some suggestions as to how to address employee concerns?”Read more >

David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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