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October 9th, 2020 Information & Insights for the 403(b) Community Supreme Court Asked to Review Sufficiency of Excessive Fee Imprudence Claims In a case against Northwestern University, the petitioners ask whether allegations that a plan paid or charged its participants fees that exceeded fees for alternative available investment products are sufficient to state a claim. Longevity Bound to Make Work a Requisite for Retirees Experts say in the future, it may not be uncommon for people to work until age 70 or 80, requiring new thoughts about work, as well as finances. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” Regular Contributions Help Participants Reach Higher 401(k) Account Balances Although it looked at consistent 401(k) plan participants—those who had retirement plan accounts at the end of each year from 2010 to 2018—a study from the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI) shows how much contributions factor into retirement account growth versus how much investment returns do. Transamerica Debuts Student Loan Repayment Program It enables sponsors to shift their benefits dollars to the retirement plan or to an employee’s student loan servicer. TIAA Grows Variable Annuity Investment Lineup TIAA has expanded the investment options available in the TIAA Access variable annuity lineup. TIAA participants investing through their employer retirement plans will now have access to over 30 new funds across a range of asset classes and outcome goals. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850