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November 28th, 2023 Information & Insights for the 403(b) Community Cornell Ruling Widens Circuit Court Split on ERISA Fiduciary Question Appellate courts have different interpretation of prohibited transaction rules under the Employee Retirement Income Security Act, paving the way for a potential Supreme Court decision. Nomination Period Open for 2024 Plan Sponsor of the Year Awards Finalists will be recognized and winners announced at PLANSPONSOR’s annual Excellence in Retirement Awards dinner in June. Ask the Experts Can a Plan Sponsor Limit Hardship Distributions? Q: Our 403(b) plan currently allows for hardship distributions, but the number of such distributions has been on the uptick in recent years. We don’t wish to eliminate hardship distributions, but is there any way we can restrict their availability? Pooled Plans Demonstrate Benefits for Higher Education Plan Sponsors Higher education plan sponsors cited lower costs and fewer administrative responsibilities as reasons to join a pooled retirement plan solution, now available for 403(b) plans thanks to SECURE 2.0. 2023 Service Stars Three individuals and six teams from various recordkeeping providers have been selected as 2023 PLANSPONSOR Service Stars. DOL Releases 2023 Form 5500 Updates Schedules DCG and H, among others, will be modified for disclosures filed next year. Don't miss your chance to participate in PLANSPONSOR's DC Survey! PLANSPONSOR’s annual DC Survey is closing soon. Be a part of the most widely used benchmarking data for the defined contribution retirement plan marketplace. Eligible plan sponsors that participate in the survey will get a free copy of an industry report that can be useful for plan benchmarking. Webinar December 14: Plan Benchmarking How do plan sponsors determine the right goals for their plan or define plan success? How does this inform what plan sponsors measure and how often? What tools are available to benchmark retirement plans? These questions and more will be answered in the final webinar in PLANSPONSOR’s Plan Progress series for 2023. Register for the December 14 event.  Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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 300, Rockville, MD 20850