(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
November 13th, 2015

Changes for Social Security Require Revised Education

Retirement plan sponsors and advisers will need to revamp education for participants to reflect changes in Social Security claiming strategies.Read more >
Only 20% of retirees surveyed say they’ve saved enough.Read more >

Some Retirement Planning Calculators Lacking

HealthView’s research indicates that current income replacement ratio-based calculators fail to suggest sufficient income for retirees to afford quality health care and maintain their planned standard of living in retirement.Read more >

Millennials Rely on Guesswork for Retirement Planning

Nearly one in five U.S. Millennials surveyed by BNY Mellon say they receive no financial information from their workplace or educational establishment, and nearly half admit to relying on a blind guess to estimate what they’ll need for a retirement fund.Read more >

Underestimating a Common Problem for Retirement Savers

CPA financial planners said 54% of their clients underestimated the total funds needed to retire, with 57% lowballing their potential expenses in retirement, according to the American Institute of Certified Public Accountants (AICPA) Personal Financial Planning (PFP) Trends Survey.Read more >

Americans Misjudge Savings Needed for Retirement

Americans have some wrong ideas about how much they need to save for retirement, according to a survey conducted by Morning Consult and released by the Financial Services Roundtable (FSR).Read more >

Insurers Prepping for Interest Rate Changes

The effect of interest rate movements on insurers’ portfolios has implications for retirement plan investments.Read more >

Novant Health Agrees to Settle Excessive Fee Suit

A settlement agreement has been filed in the U.S. District Court for the Middle District of North Carolina in a case against Novant Health over excessive fees and other fiduciary violations in the administration of its retirement plans.Read more >

New Excuses for Calling Out of Work

The annual CareerBuilder survey offers more memorable excuses employers have heard for workplace absences.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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