(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
September 15th, 2017

2018 Annual Plan Sponsor and Adviser Award Nominations Are Open

Nomination forms for the 2018 PLANSPONSOR Plan Sponsor of the Year awards and Retirement Plan Adviser of the Year awards are now available. Read more >

IRS Relaxes Loan, Hardship Rules for Hurricane Irma Victims

The Pension Benefit Guaranty Corporation (PBGC) and Department of Labor (DOL) also are providing relief similar to that provided to Hurricane Harvey victims. Read more >

Fear of Stock Market Hurting Millennials’ Retirement Savings

Research found 41% of Millennials are avoiding the stock market and are instead using savings accounts to save for retirement. Read more >
ASK THE EXPERTS
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

Who’s Working for You?: PSCA

In a series of articles, PLANSPONSOR is profiling industry groups that work for retirement and health plan sponsors to protect them from onerous burdens and help them with plan design and administration. In this article we profile the Plan Sponsor Council of America (PSCA). Read more >

SEC Secures Fee Rebates for Faith-Based 403(b) Plan Sponsors

The Securities and Exchange Commission (SEC) has instituted a cease-and-desist order against Envoy Advisory Inc, accusing it of breaches of fiduciary duty, inadequate disclosures and compliance deficiencies. Most of its clients are small to medium-sized non-profit, faith-based organizations that sponsor Employee Retirement Income Security Act (ERISA) 403(b) retirement plans. The SEC says an Envoy subsidiary received at least $24,893.26 in 12b-1 fees in connection with investments in high-fee share classes. Read more >

Trust in Retirement Plan Providers Helps With Financial Decisions

A survey from the National Association of Retirement Plan Participants (NARPP) reveals factors that improve participants’ trust in their retirement plan providers. Read more >

NAGDCA Offers Free Retirement Plan Communications Campaign

In anticipation of National Retirement Security Week, which is October 15 to 21 this year, the National Association of Government Defined Contribution Administrators (NAGDCA) is offering a free, ready-to-use communications campaign for retirement plan sponsors. Read more >

Fidelity to Launch Student Loan Repayment Benefit

Fidelity has launched the Student Debt Employer Contribution program, which enables employers to make after-tax contributions towards their workers’ student loans. Fidelity will pilot the program in the fourth quarter and do a full rollout in 2018. Read more >

Break From the Grind: Beloit College Releases New Mindset List

This year’s entering college class of 2021 doesn’t remember when a “phone” wasn’t also a video game and a research library. Ask them about the whine of a dial-up modem, and you can likely expect a blank stare. Read more >

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

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

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