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September 12th, 2023 Information & Insights for the 403(b) Community Saver’s Match: Opportunity to Help Close Retirement Savings Access Gap Outlined in SECURE 2.0 to be introduced for the 2027 tax year, the Saver’s Match is a 50% federal matching contribution deposited directly into a taxpayer’s IRA or retirement plan. More Small, Medium-Sized Employers Offer Self-Insured Health Plans Employers hope to offer consistent benefits packages, resulting in easier administration and lower expenses, according to a new EBRI report. Ask the Experts When Can a Participant Purchase a QLAC? An active participant in our 403(b) plan wants to purchase a qualified longevity annuity contract, or QLAC, with her retirement plan account balance, which she claims she can do with the passage of the SECURE 2.0 Act of 2022. However, when I discussed the matter with our recordkeeper, the recordkeeper stated that the plan, though it provides for some annuity benefits, does not offer a QLAC, and the participant would thus require a distributable event to purchase a QLAC, which this participant does not have. Is our recordkeeper correct? DCIIA Provides QDIA Selection Advice to Plan Sponsors Plan sponsors should consider their participants’ retirement income needs, ease of use, personalization and cost when evaluating qualified default investment alternatives.  Cybersecurity Livestream 2023 Cybersecurity is a huge concern in all areas of life, critically in the institutional investing and retirement plan industries. Plan sponsors, asset owners and their advisers want to ensure their data, assets and systems, as well as those of their providers, are safe. Learn what risks exist; optimal practices for protecting assets and data; and what regulations say, including how best to comply with them, at the 2023 Cybersecurity Livestream on October 12. 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 300, Rockville, MD 20850