(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
October 7th, 2016

DCIIA Unveils a Lexicon for Automatic DC Plan Design

After 18 months, two membership surveys and much additional discussion, the Defined Contribution Institutional Investment Association (DCIIA) is premiering a glossary of standardized definitions for the six most troublesome terms—re-enrollment included—used to articulate the features of automatic plan design.Read more >

Those Closest to Retirement Not Prepared

A survey by the Indexed Annuity Leadership Council (IALC) finds 60% of Baby Boomers think they need less than $1 million in retirement, when in reality at least a quarter of a million will be needed for health care costs alone. One in four Baby Boomers has less than $5,000 saved for retirement.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

Fiduciary Rule to Lead to DC Plan Investment Lineup Changes

One-third of financial advisers who counsel defined contribution (DC) plans already plan to make changes to mutual funds used in their clients’ DC plans in 2017, a survey finds.Read more >

Career Breaks Contribute to Retirement Savings Shortfall for Women

Women who take breaks early in their careers face a potential retirement savings shortfall of up to $1.3 million dollars, research finds.Read more >

U.S. DC Plan Participants Report Higher Retirement Confidence

More than half (52%) of U.S. retirement savers surveyed for State Street Global Advisors’ Global Retirement Confidence Survey reported being extremely or very confident they will reach their retirement goals. This is up from 21% in 2013.Read more >

Student Loans Putting a Hole in Retirement Savings for Millennials

Student loan payments are preventing Millennials from making several investment decisions and life choices, with 38.7% saying they’ve had to delay retirement saving.Read more >

Women Disadvantage Themselves by Taking Social Security Early

Social Security comprises 56% of women’s income in retirement, according to Nationwide. However, 70% of Social Security will go toward women’s health care costs.Read more >

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

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