(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
November 7th, 2017

BMO Finds Demographic Differences in Investing Preferences

Respondents across all three generations cite saving and investing for retirement as their primary financial goal; however, Millennials are less inclined to buy and hold for the long term.Read more >

IRS Memo Includes Guidance Regarding RMDs and Missing Participants

The memo lists actions plan sponsors should take to locate missing participants in order not to be challenged on violating required minimum distribution (RMD) rules.Read more >
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

DOL Fiduciary Rule Enforcement Delay Under Review at OMB

The Department of Labor (DOL) submitted for review by the Office of Management and Budget (OMB) the final version of a regulation to delay—likely by 18 additional months—full enforcement of the strengthened fiduciary rule.Read more >

Former Field VP for OneAmerica Rejoins

Shelley Schumacher has rejoined OneAmerica as field vice president, key accounts. She’ll be based in the company’s Milwaukee office. Her areas of focus include mergers and acquisitions, sales opportunities, and liaison for relationship managers/executives, advisers and plan sponsors.Read more >

Equity Exposure in TDFs

Managers of target-date funds (TDFs) generally manage a fund’s risk by growing increasingly conservative—devoting larger allocations to fixed income vs. equity. Plan sponsors, too, expect to find more asset classes prone to volatility in participants’ holdings early in their careers when they can best tolerate the exposure. The equity allocations by fund objectives in both U.S. stock and non-U.S. stock follow that model almost to a tee.Read more >

Break From the Grind: Worker Excuses for Being Late Can Sound Incredible

Only one in 10 chief financial officers (CFOs) surveyed by Accountemps said they are OK with tardiness only if productivity doesn’t suffer. Seven percent of workers surveyed admitted they are tardy every day. CFOs cited the excuses they’ve been given by workers for being tardy.Read more >

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

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