(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
September 12th, 2017

IRS Reminds 403(b) Plan Sponsors of Common Plan Errors

In a new publication, the IRS lists rules for 403(b) compliance and resources from the agency to help plan sponsors. Read more >

Analysis Projects Huge Retiree Health Care Expenses

HealthView Services has published the 2017 Retirement Health Care Costs Data Report. Similar to other recent research results, the findings frankly are grim in many respects for retirement savers. At a minimum, the research suggests retiree health care expenses will rise at an average annual rate of 5.47% for the next decade or more. Such a rate is almost triple the U.S. inflation rate from 2012 to 2016, which stood at a mere 1.9%, and more than double annual projected Social Security cost-of-living adjustments retirees can depend on. Read more >
ASK THE EXPERTS
FICA Difference Between 403(b)s and 401(k)s
“I read with great interest your recent Ask the Experts column about one-time irrevocable elections for 403(b) plans. I was surprised that you mentioned that such contributions are indeed subject to FICA. I work primarily with 401(k) plans, where this is clearly not the case. Is it different for 403(b) plans, or was this a typo.” Read more >

Improving Retirement Outcomes Considering Low Returns and Longevity

In addition to saving more and working later, researchers from State Street Global Advisors suggest policy changes that could improve retirement readiness for younger workers and late savers. Read more >

Northern Trust Expands Foundation & Institutional Advisors Team

Northern Trust Wealth Management has added three new team members to the Foundation & Institutional Advisors (FIA) practice, which serves nonprofit organizations through investment management solutions, insight and resources. Read more >

Latest BMO Podcast Emphasizes 403(b) Plans

BMO Global Asset Management released a new episode of their podcast series, “Better conversations. Better outcomes,” in an effort to highlight 403(b) plans. The episode, titled “Finding opportunity in tax-exempt markets,” shines a light on these plans, available to employees of government and tax-exempt groups including schools, religious institutions and hospitals. It provides actionable ideas for plan advisers looking to expand businesses in this marketplace. Read more >

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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