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October 22nd, 2019 Information & Insights for the 403(b) Community 2020 Plan Sponsor of the Year PLANSPONSOR is pleased to announce the 2020 Plan Sponsor of the Year winners. Law Firm Confirms SEC Examination of 403(b) Plan Investment Practices A client alert says the SEC has sent letters to companies that administer 403(b) and 457 retirement plans asking for various details about plan investment decisions. Ask the Experts Reasons for Certain Retirement Plan Definitions of Compensation “Why would a retirement plan sponsor choose one definition of compensation for its retirement plan over another?” Allina Health System Reaches Agreement in Lawsuit Regarding Plans’ Investments The original complaint said a provider was allowed to add any mutual fund it wished, “regardless of whether the funds were duplicative of other options, had high costs, or were performing poorly.” Participants Invested in TDFs Contribute Less to Retirement Accounts Surprising actions from retirement plan TDF investors offer lessons for plan sponsors and indicate a need for more innovation in TDF design. PBGC to Assume Responsibility of Health System’s Retirement Plans This protection by the PBGC is one reason for a string of lawsuits that challenge other nonprofit healthcare systems’ retirement plans’ status as “church plans” under ERISA. 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