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PLANSPONSOR BLINESs LOGO November 26th, 2019
Information & Insights for the 403(b) Community
Retirement Plan Sponsors Need Strong Cybersecurity Defenses
Retirement Plan Sponsors Need Strong Cybersecurity Defenses
A plan sponsor could face legal liability if a breach or fraud of participant accounts occurs.
403(b) Plan Fiduciaries Ordered to Restore Assets to Plan
A mental health services provider, with its tax-exempt status revoked, was sued by the DOL for failing to remit employee contributions to the retirement plan and a health benefits plan.
Ask the Experts
Rolling a Roth IRA Into a 403(b) Plan
“One of our older participants has some IRAs that she wishes to roll over into our 403(b) so that she can avoid taking required minimum distributions on them until she retires from here (she is 68, and plans on working here as long as she can). Our plan does accept rollovers so I believe that action is fine from our perspective, but I noticed that one of her IRAs is actually a Roth IRA. Would different rules apply to that?”
E-Delivery Proposal Could be Improved, Stakeholders Say
While the retirement plan industry has reacted positively to a DOL proposal to make default e-delivery of plan documents the norm, their comment letters also include additional ideas to make the new rules even more effective.
Seventy2 Capital Wealth Management Acquires Creative Benefit Concepts
Seventy2 Capital Wealth Management has acquired Creative Benefit Concepts (CBC), a provider of corporate and nonprofit retirement plan and succession planning strategies. Paul Carlson, partner and co-founder, believes this deal will substantially increase Seventy2 Capital’s capacity in the growing market for 401(k) and 403(b) advisory services.
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