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October 19th, 2021 Information & Insights for the 403(b) Community Hispanic Workers Lag Other Groups in Retirement Savings Plan sponsors can help address the issue by making sure workers have access to a retirement savings plan and that they’re automatically enrolled in it. Who’s Still Working for You?: American Retirement Association In a series of articles, PLANSPONSOR is checking in with industry groups to see what work they have done, and will do, for retirement and health plan sponsors as the pandemic continues and beyond. Ask the Experts Setting an Interest Rate for Plan Participant Loans “We sponsor an Employee Retirement Income Security Act (ERISA) 403(b) plan and are in the process of adding a loan feature. Our recordkeeper has asked us to set an interest rate for loans. Is there any guidance as to what interest rate we should set?” New Financial Audit Rule Increases Requirements for Plan Sponsors Plan sponsors will be required to provide much more data, as well as certifications about plan administration and governance, and limited-scope audits will no longer be so limited. PLANSPONSOR Best Practices Conference To help sponsors of Employee Retirement Income Security Act (ERISA) plans perform all of their fiduciary duties, PLANSPONSOR has created a virtual mini conference to address key topics in four sessions on November 10. Plan sponsors can learn what ERISA requires of them; how to best manage their retirement plan committee/s; what to expect from service providers; and how to benchmark investments and fees. Register today. 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