(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
October 13th, 2015

Looking for Award-Worthy Plan Sponsors!

We are now accepting nominations for the 2016 PLANSPONSOR Plan Sponsor of the Year awards. This is an excellent opportunity for you to tell your story and share your successes with peers. We are looking for plans of all types—pension, 401(k), 403(b), 457, public DC, etc.—and of all sizes. You can nominate a plan, or yourself, here.Read more >

Survey Reveals Struggles with Retirement Saving

Some say they cannot afford to save, some think they are too young to worry about it, and many need to be taught the right factors when making investment decisions.Read more >
Overall, Paychex finds 40% of survey respondents feel the biggest benefit of outsourcing payroll is the peace of mind it provides where regulatory demands are concerned. Nearly six in 10 small business owners are administering payroll on their own.Read more >

Financial Wellness Programs Can Carry a Stigma

Employees want help with overall financial wellness, but bad vibes could prevent them from participating in employer programs.Read more >

Millennials More Confused About Retirement Planning

Lincoln Financial found young savers, more than other age groups, are challenged by understanding long-term benefit options.Read more >

Going Mobile with Retirement Plans

More participants are looking to their phones to learn about retirement plans and saving.Read more >

Reviewing Recordkeeping Fee Structures

While monitoring expenses is a necessary fiduciary duty, once an appropriate recordkeeping fee has been agreed upon, how should it be paid?Read more >

Initiative Encourages Saving in Small Steps

Public-sector retirement plan service provider ICMA-RC estimates how much employees can save toward retirement by bringing lunch to work.Read more >

Inactive Vendor Accounts Counted Toward Cashouts?

“We are reducing the number of recordkeepers in our Employee Retirement Income Security Act (ERISA) 403(b) retirement plan from five to a sole recordkeeper, beginning in 2016. At the same time, we wish to add a small balance cachout provision to our plan. Must we count the balances of the inactive vendors in determining the cashout amount?”Read more >

David Levine and David Powell with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers will be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice.

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

Advertising: advertise@strategic-i.com

Subscribe to (blines), click here.
To unsubscribe, click here.
BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund