(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
November 29th, 2016

The New Overtime Rule

Although a federal court has issued an injunction on the Department of Labor’s (DOL)’s final overtime rule under the Fair Labor Standards Act (FLSA)—meaning it will not take effect on December 1—plan sponsors should understand what effects the rule will have on their retirement plans if the rule does go into effect. And, does the rule even apply to nonprofits?Read more >

Millennials Driving Interest in ESG Investments

With one-third of institutional investors planning to increase portfolio allocations to impact investing in the coming three years and investment providers that serve retirement plan sponsors seeing opportunities for outperformance in environmental, social governance (ESG) investments, it may be of interest that a survey found Millennials (ages 18 to 35) are more likely to place greater importance on ESG factors than other investors (ages 36 and older).Read more >

The Do’s and Don’ts for Simplifying SPDs

Loaded with information about when employees may begin participating in plans, benefits involved, vesting and so on, the language utilized in summary plan descriptions (SPDs) is critical.Read more >

ERIC Makes Suggestions for PBGC Missing Participants Program

Among other things, ERIC suggests the PBGC extend the program from just terminated DC plans to all DC plans.Read more >
Roth Conversion Without Qualifying for Distribution
“I am a participant in a 403(b) plan. I wanted to convert my 403(b) balance to a Roth, but my benefits person informed me that, since I did not qualify for a distribution under the plan, I could not complete a Roth conversion. Is this true?”Read more >

EBRI Questions Census Bureau Plan Participation Reporting

The U.S. Census Bureau’s Current Population Survey (CPS) miscounted the amount of Americans participating in employer-sponsored retirement plans, according to the Employee Benefit Research Institute (EBRI).Read more >

IRS Announces New Document Request Process for Examinations

The Tax Exempt and Government Entities TE/GE Division of the Internal Revenue Service (IRS) has announced a new process for issuing information document requests (IDRs), which will affect Employee Plans (EP), as well as other, examinations.Read more >

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

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