(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
November 3rd, 2017

Deadline to Nominate Plan Sponsors Is Monday!

If you work with or for, or know of, a great plan sponsor, plan adviser or plan adviser team, please help us recognize the best in the business with our 2018 Plan Sponsor of the Year Award. For plan sponsors, nominations may be made by providers, advisers, consultants, actuaries, attorneys, third-party administrators, employees and colleagues, or, you can even nominate yourself. The award is given in many categories to recognize all plan types, so any plan sponsor can be eligible. Read more >

Tax Reform Proposal Includes Important Changes for Plan Sponsors

The GOP tax reform proposal leaves 401(k) deferrals alone, but there are other significant reforms in the package that would change the treatment of hardship withdrawals and in-service distributions for DC, DB and 457 plans, among others. Read more >

Retirement Account Deferrals Protected in GOP Tax Proposal

Early interpretation of the 500 page tax legislation released by majority Republicans suggests the treatment of retirement account salary deferrals will largely be left alone. Read more >
ASK THE EXPERTS
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts


Retirement Planners Want to Know How Much They Can Spend

Investors planning for their post-employment years, as well as those already in them, want to know what they will be able to spend annually, a survey from Dimensional Fund Advisors found. Read more >

Health Care Employers Increasing Focus on Financial Wellness

Financial wellness programs are a growing offering among all employers, but a Cammack Retirement Group study of such programs at health care organizations in the U.S. found an especially high adoption rate. Read more >

IRS Letter May Open Door for Auto Enrollment in More Governmental 457 Plans

A recent Internal Revenue Service (IRS) private letter ruling (PLR) could broadly expand the use of automatic enrollment in 457(b) retirement plans sponsored by public-sector employers. Auto enrollment in 457(b) plans has been allowed by the IRS, but governmental plan sponsors have been reluctant to use it due to state laws and administrative concerns. Read more >

Treasury, IRS Issue Priority Guidance Plan

The Treasury Department and the Internal Revenue Service (IRS) released the 2017-2018 Priority Guidance Plan, listing projects the agencies hope to complete during the twelve-month period from July 1, 2017, through June 30, 2018. Among its list for retirement plans are projects for which guidance has been long-awaited from the agencies. For example, final regulations on the application of the normal retirement age regulations under §401(a) to governmental plans. Read more >

IRS Extends Disaster Relief to Hurricane Maria, Wildfires Victims

The Internal Revenue Service (IRS) has relaxed loan and hardship distribution rules for victims of Hurricane Maria and the wildfires in California. Read more >

PFM Acquires FCM Assets to Include Stable Value Investments Offering

PFM announced an agreement to acquire the assets of Fiduciary Capital Management (FCM) that will allow PFM’s asset management business to expand its services to include “stable value” investments to qualified retirement plans such as 401(k) and 457 plans. Read more >

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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