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November 5th, 2019 Information & Insights for the 403(b) Community 2020 Plan Sponsor of the Year Less than one week left to nominate a plan sponsor for our annual Plan Sponsor of the Year awards! AIG Confirms Investigation of 403(b) Annuity Sales Practices It has been reported that the SEC is investigating sales and disclosure practices at VALIC, a unit of AIG, including its dealings with retirement plan participants at school districts and universities. Ask the Experts Can In-Service Distributions Be Rolled Over? “Our 403(b) plan allows for in-service distributions. What is the income taxation of such distributions, and can such distributions be rolled over to another retirement plan or IRA as is the case with distributions at retirement/termination of employment?” Rethinking the Idea That There is a Retirement Crisis A new report says Americans have greater access to workplace retirement plans and are saving more than in the past, and better protections are in place to guard their savings. Evolving Best Practices: Recordkeeping Fees Per participant or asset-based? Each approach has its merits, but is one preferable under the Employee Retirement Income Security Act’s strict fiduciary standards? Barry’s Pickings: Software Eats ERISA Disclosure Michael Barry, president of O3 Plan Advisory Services LLC, contemplates whether questions asked in the DOL’s e-disclosure proposal could lead to more improvements. 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