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November 12th, 2019 Information & Insights for the 403(b) Community Helping Participants Understand Tax Considerations for Retirement Plans Understanding all the tax implications of qualified retirement plans can be daunting, but there are a few key things participants should know. Maximum Benefit and Contribution Limits Table 2020 Maximum Benefit/Contribution Limits for 2015 through 2020, with a downloadable PDF of limits from 2010 to 2020. Ask the Experts Contributions to 457(b) Plans Subject to FICA “Are EMPLOYER contributions to a 457(b) plan subject to FICA taxes? Is the answer different for matching contributions than it is for nonelective (base) contributions?” Prudence, Performance and Quality in Target-Date Funds Good target-date fund performance is obviously important to participant outcomes, but so is protecting their hard-earned dollars in times of market stress. Ways to Combat Pervasive Leakage The Savings Preservation Working Group says that at least 33% and as many as 47% of plan participants withdraw part or all of their retirement savings when switching jobs. 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