(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
October 6th, 2017

Keeping Money in the Plan

The ability to borrow against their savings can be a valuable benefit to retirement plan participants wanting to buy a home or cover a large sudden expense; it also gives them flexibility to deal with short-term financial issues. But loans may harm participants’ ability to save long term.Read more >

2017 Annual Defined Contribution (DC) Survey Now Open!

Looking to benchmark your DC plan? Want to recognize your provider/service team for outstanding service or offer confidential feedback about areas for improvement? Our annual DC Survey can help.Read more >

Workers Without Retirement Plan Access Favor State-Run Option

After being educated about the option, only 13% of employees said they would likely opt out of an auto-IRA run by their state.Read more >
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts

Johns Hopkins University ERISA 403(b) Challenge Partly Dismissed

The U.S. District Court for the District of Maryland has granted in part and denied in part defendants’ motion to dismiss an Employee Retirement Income Security Act (ERISA) lawsuit targeting the 403(b) plan of John Hopkins University. Using logic from decisions in other university 403(b) plan cases, the court agreed that allegations that a university offering actively managed funds was imprudent supports a breach of fiduciary duty claim under ERISA. However, the judge said plaintiffs fail to state a claim to the extent that plaintiffs allege that offering plan participants too many investment options is imprudent and fail to state a claim to the extent that plaintiffs allege that including higher-cost share classes in the plan, instead of available lower-cost share classes of the same funds, is imprudent.Read more >

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

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