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November 3rd, 2020 Information & Insights for the 403(b) Community A Look at Hospital and Health Care System Pensions Health care organizations face an uphill battle financially, but the right strategies for investing and controlling PBGC premiums can help them get to the other side. DOL Issues Final Rule With Softer Stance on ESG The final version of the regulation emphasizes the importance of using only ‘pecuniary’ factors in the assessment of investment options within tax-qualified retirement plans. Ask the Experts Testing for Safe Harbor Plan That Suspended Match Contributions “Our ERISA [Employee Retirement Income Security Act] 403(b) safe harbor retirement plan recently suspended it's matching contributions. We realize that we must perform actual contribution percentage (ACP) testing for our matching contributions the 2020 plan year. We are wondering if we can use the ‘prior-year testing method’ for ACP testing for the 2020 plan year, as that would make it easier for us to pass.” Gen Z Needs Opportunity to Save for More Than Just Retirement Gen Zers likely had a great start to saving for retirement, but they are facing near-term financial challenges. AIG Pursues Separation of Life & Retirement Business American International Group Inc. (AIG) is intending to separate its Life & Retirement business from AIG. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 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 400, Rockville, MD 20850