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PLANSPONSOR BLINESs LOGO September 15th, 2020
Information & Insights for the 403(b) Community
And the Winner Is...
And the Winner Is...
We are pleased to announce the Plan Sponsor of the Year award winner in the Nonprofit DC <$500MM category—Cobleskill Regional Hospital. View the expanded profile here.
PSOY: Nonprofit DC >$500MM
We are pleased to announce the Plan Sponsor of the Year award winner in the Nonprofit DC >$500MM category—Yale University. Read the expanded profile here.
Ask the Experts
Relief for Distributing Summary Plan Descriptions
“This is the year that our ERISA 403(b) plan must issue summary plan descriptions (SPDs) to plan participants. I am starting to worry about completing this task, since both our plan and its recordkeeper are currently not in a position to complete such a large-scale distribution due to the COVID-19 pandemic, and it is looking more and more like that situation may not change until 2021. If this is the case, is there any alternative course of action we can pursue?”
Sutter Health Faces Second Lawsuit Challenging Use of Actively Managed TDFs
The most recent lawsuit says the actively managed suite’s risk has been amplified during the COVID-19 pandemic.
Few Individuals Expected to Dip Into Retirement Accounts
Even as Congress fails to enact new relief legislation, experts say they do not suspect defined contribution (DC) plan withdrawals will rise.
Coronavirus Questions Reshape Long-Term Capital Market Assumptions
The challenges facing U.S. and global equity markets at the start of 2020 appear tame compared with present obstacles—a fact clearly demonstrated by assets managers’ updated market outlook reports.
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