(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
September 25th, 2018

Calling All Plan Sponsors: The 2018 DC Survey Will Be Closing Soon!

Each year, PLANSPONSOR magazine helps thousands of plan sponsors like you benchmark their retirement plan design against peers, competitors, and other similar organizations. If you have ever wondered how/if you can improve your plan design to better achieve your business goals, we invite you to respond to our annual Defined Contribution (DC) Survey today!Read more >

IRS Modifies Safe Harbor Explanations for Rollovers

The modifications take into consideration changes related to qualified plan loan offsets and other statutory changes.Read more >
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

Sanctions Called for Workers and Attorneys in NYU 403(b) Lawsuit

New York University, which recently defeated a lawsuit against management of its 403(b) plans, called for sanctions against the workers and attorneys from Schlichter Bogard & Denton behind the now-dismissed proposed class action suit arguing that their suit had been an attempt to avoid unfavorable rulings in an earlier, identical case. There were four different bases on which the court could sanction the workers and their attorneys, for their “frivolous and vexatious conduct,” the university said.Read more >

ERISA Section 404(c): Back to Basics

To be 404(c) compliant, a plan must offer a broad range of investment options and make it possible for participants to view and control their investments; the prescription sounds simple, but it can be confusing in practice.Read more >

The Perils of Ignoring Participant Complaints

Participants do lodge complaints against their retirement plans from time to time, and all of these complaints should be addressed, experts say. If a retirement plan sponsor ignores a participant complaint, that participant is liable to turn to the Department of Labor (DOL) on their own or hire a lawyer who will do so on their behalf, says Blaine Aikin, executive chairman of Fi360 in Pittsburgh.Read more >

Employees Would Value Employer-Sponsored Emergency Savings Program

The “Saving at Work for a Rainy Day” report indicated that seven in ten employees would likely participate in an employer-based rainy-day savings program.Read more >

Rising Short-Term Interest Rates Can Benefit Retirement Investors

Higher short-term rates translate into additional income for investors from their bond portfolios, and their fixed-income allocation should provide greater ballast for the more volatile equity component of their portfolios, says Joseph Davis, with Vanguard.Read more >

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

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