(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
November 9th, 2018

Another Way To Save

The IRS contribution limit for employees who participate in defined contribution (DC) plans—i.e., 401(k), 403(b) and most 457 plans—or the federal government’s Thrift Savings Plan increased this year to $18,500. For the majority of Americans, that seems like quite a bit to be able to save each year for retirement—especially along with, in some cases, the addition of employer matching funds, profit sharing contributions and the catch-up contributions that workers over age 50 can make. But, as noted by Jason Johnson, senior vice president for wealth management at UBS Financial Services in Orlando, Florida, “While it is surprising for some people to hear, it can be very challenging to have successful participant outcomes for highly compensated employees [HCEs]” in a standard DC plan.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

Debt Needs to Be Addressed Before Retiring

Forty-two percent of Americans surveyed by GOBankingRates said they would save more for retirement if they could eliminate their debt. Those closest to retirement—Baby Boomers (55%)—are more apt to say they would save more for retirement if they could pay off their debt, followed by adults ages 45 through 54. Women are more likely than men to say this—44% vs.38%, respectively.Read more >

VALIC Revamps Retirement Plan Monitoring and Administration Website

VALIC has launched SponsorFIT, a web-based tool for retirement plan sponsors designed to help them monitor and improve plan health, as well as simplify plan administration.Read more >

The Standard Grows Stable Value Fund Options

Standard Insurance Company (The Standard) has expanded its lineup of stable value funds, offering plan sponsors and advisers flexibility and a range of yields and liquidity options. Most of the products are approved for qualified retirement plans, including 401(k), 403(b) and defined benefit (DB) plans.Read more >

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

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