(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
October 6th, 2015

Peace of Mind Tops Reasons for Outsourcing Payroll

New research from Paychex, a payroll provider, reveals many small business owners choose to continue to invest in benefits outsourcing for increased “peace of mind.”Read more >

Participants Need Good Choices, Education and Focus on Income

Participants in smaller DC plans especially are not getting the same resources as their counterparts in larger plans, according to a survey.Read more >
Most participants are interested in in-plan lifetime income options, but just one in five plan sponsors say the same.Read more >

Fiduciary Fears Adding to Passive Investments Tailwind

Passive funds can be compelling from a cost-of-investing perspective for Employee Retirement Income Security Act (ERISA) fiduciaries, according to new research from Cerulli Associates, but this does not mean they come without market and fiduciary risk.Read more >

Allowing In-Service MRDs

“We are a private university that sponsors two plans, a 401(a) defined contribution plan for employer contributions and a 403(b) plan for employee contributions, We permit in-service withdrawals from the 403(b), but not the 401(a). However, several of our long-service professors have contacted us inquiring about the possibility of amending our 401(a) plan to permit minimum required distributions (MRDs) from the 401(a) plan while still employed, These professors are older than age 70 ½ and have large retirement plan accumulations; their rationale is that, if they commence their MRDs now, rather than waiting until retirement, the annual MRD will be smaller, since it is based on life expectancy. Can we amend our 401(a) plan to permit in-service MRDs at age 70 ½?”Read more >

David Levine and David Powell with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers will be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice.

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

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