(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
October 30th, 2018

An Invitation to the Best of PSNC

If you are a plan sponsor or adviser who lives/works in or near Chicago, New York, Boston, San Francisco or Houston, you don’t’ want to miss our Best of PSNC events. In a half-day format, you’ll drill down into the latest industry trends and best practices in critical areas including plan design, fund lineup construction, financial wellness and participant education, regulatory compliance and more.Read more >

NYU Claims a Victory

Stephen Saxon and George Sepsakos with Groom Law Group discuss the sweeping victory for fiduciaries of several 403(b) plans sponsored by New York University (NYU) in a class action lawsuit brought by participants. Sacerdote et al. v. New York University is part of a spate of cases brought against renowned higher learning institutions, alleging that excessive recordkeeping and investment fees were charged and underperforming investment options were offered by the plans. While a number of such cases have settled or been dismissed, this was the first to proceed to trial.Read more >

Savings Needed for Health Care in Retirement Continues to Grow

Individuals should understand that Medicare was not designed to cover health care expenses in full, and the most recent estimates by the Employee Benefit Research Institute (EBRI) show that, at the extreme, out-of-pocket costs could reach $399,000 or more.Read more >
Turning Salary Into Employer Contributions When Limits Are Met
“One of our employees, who consistently defers the maximum to both our 403(b) retirement plan and 457(b) deferred compensation plans, wants to contribute additional funds to the plan and proposed that we pay her $140,000 instead of $150,000 and make a $10K employer contribution to the 403(b). Can we do this?”Read more >

Individuals Not Seeking Help for the Hardest Retirement Concerns

A study found the top financial tasks individuals need help with include choosing when to retire, choosing appropriate investments and developing a strategy to withdraw from multiple accounts.Read more >

Retirement Plan Sponsors and Providers Given Relief by DOL Due to Hurricanes

The DOL relief relates to plan loans and distributions, remittance of contributions and blackout period notices.Read more >

What It Really Means When ‘Retirement’ Is the Top Financial Concern

Lincoln Financial Group’s Jamie Ohl speaks about the opportunity for plan sponsors to think about their participants’ financial stressors in a more sophisticated way, supporting all the generations in a targeted manner.Read more >

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

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