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September 15th, 2020
Information & Insights for the 403(b) Community
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And the Winner Is...
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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.
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PSOY: Nonprofit DC >$500MM
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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.
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Ask the Experts
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Relief for Distributing Summary Plan Descriptions
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“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?”
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