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October 18th, 2022 Information & Insights for the 403(b) Community Knot of Financial Challenges Derails Saving for Retirement Goldman Sachs Asset Management finds a ‘financial vortex’ of challenges in competing financial priorities is preventing participants from saving sufficiently for retirement.  Law Firm Files Motion to Dismiss ERISA Complaint Targeting BlackRock Funds Attorneys for the defendants have asked a federal district court to dismiss ERISA fiduciary breach claims. Ask the Experts Can a current active participant transfer assets from a frozen plan to an active ERISA 403(b) plan? “We are a private healthcare entity that sponsors an active ERISA 403(b) plan and an old frozen non-ERISA 403(b) plan. Is a current active participant in the ERISA 403(b) able to transfer assets in from the frozen non-ERISA plan?” 401(k) Trading in September Reflects Worst Month Since March 2020 Traders favored equities in the beginning of the third quarter as Wall Street posted gaining, but they preferred fixed-income funds in the quarter’s second half as stocks slid. Aon PEP Passes Assets Milestone Aon has accumulated $1billion in plan assets and commitments since it launched the pooled employer plan.   Participate in the DC Survey For more than 20 years, PLANSPONSOR’s annual Defined Contribution Survey has provided benchmarking data for nearly 50 industries/business sectors and for 401(k), 403(b), and other DC plans, as well as nonqualified plans. Represent your industry and plan type by participating, and you’ll receive a free benchmarking report. 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