(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
October 4th, 2016

IRS Issues Updates to Correction Programs

The Internal Revenue Service (IRS) has issued Revenue Procedure 2016-51, which updates the comprehensive system of correction programs for sponsors of retirement plans that are intended to satisfy the requirements of Sections 401(a), 403(a), 403(b), 408(k), or 408(p) of the Internal Revenue Code, but that have not met these requirements for a period of time.Read more >

Information About Expected Retirement Income Could Increase Savings

Researchers found that letters provided to individuals in Germany about their expected pensions led them to increase their private retirement savings.Read more >

IRS to Host Webcast Clarifying 403(b) Requirements

The webcast will provide answers to many of the questions the IRS received following its May 19 webcast titled Understanding the Universal Availability Rules in a 403(b) Retirement Plan.Read more >
Can CITs Be Used in 403(b)s?
“I read your Ask the Experts regarding exchange-traded funds (ETFs) and 403(b) plans, but what about collective investment trusts? Are they permissible investments in 403(b) plans?”Read more >

2017 Award Nominations Open

Nomination forms for the 2017 PLANSPONSOR Plan Sponsor of the Year Awards and Retirement Plan Adviser of the Year awards are now available.Read more >

MV Financial Names Head of Retirement Plan Practice

MV Financial, a national asset management firm servicing retirement plans, has promoted Chris Schaefer to head of the Retirement Plan Practice Group. Schaefer will oversee 401(k) plans as well as 403(b), 457(b), and defined benefit (DB) plans in the private and nonprofit sectors.Read more >

NAGDCA Offers Materials for National Retirement Security Week

The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) has developed the “Your Whole Story” campaign for National Retirement Security Week. National Retirement Security Week is October 16 through 22 this year, and a U.S. Senate resolution supports the goals of the week.Read more >

Nonprofit Offers Financial Wellness Program to Employers

Through one-on-one counseling and a variety of online tools and resources, Mapping Your Future Financial Solutions assists users in overcoming current financial issues and preventing future setbacks.Read more >

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

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