(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
November 14th, 2017

Higher Education Plan Sponsors Ramp Up IPS Usage

Transamerica has published an updated annual survey of higher education plan sponsors, finding many are beginning to adopt the retirement plan features shown to be popular in the corporate sector. In addition to a marked increase in the adoption of automatic enrollment and automatic deferral rate increases for participants, more than three-fourths of higher education plan sponsors have implemented an investment policy statement, compared to 60% in 2015.Read more >

Participants’ Multiple Accounts Makes Measuring Success a Challenge

Plan sponsors should be aware that many participants have assets invested with providers that do not serve their current plan, which has implications for measuring readiness.Read more >
Leased Employees
“Does 414(n) apply to a 403(b)? I know a 403(b) plan can only cover common law employees, however after the statutory one year and other leased requirements, the leased employee is treated as a common law under qualified plan rules?”Read more >

Senate Tax Reform Would Repeal Special Catch-Up Contributions for 403(b)s

Many retirement plan changes are called for in the U.S. Senate version of tax reform. The proposal “applies a single aggregate limit to contributions for an employee in a governmental section 457(b) plan and elective deferrals for the same employee under a section 401(k) plan or a 403(b) plan of the same employer. Thus, the limit for governmental section 457(b) plans is coordinated with the limit for section 401(k) and 403(b) plans in the same manner as the limits are coordinated under present law for elective deferrals to section 401(k) and section 403(b) plans.” Related to this, the proposal repeals the special rules allowing additional elective deferrals and catch-up contributions under section 403(b) plans and governmental section 457(b) plans.Read more >

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

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