IRS Provides Sample Language for 403(b) Plan Provisions
The agency issued a listing of required modifications for pre-approved plans.
Tag: 403(b) plan
Data & Research
Some 403(b) Plan Sponsors Don’t Have Information Needed to Monitor Fees
A GAO study found a wide range in 403(b) plan recordkeeping and investment management fees.
Compliance
Attorney Calls Proposed Changes to RMDs From 403(b)s ‘A Big Deal’
Proposed required minimum distribution changes would require a participant to take calculated amounts from each 403(b) contract he has.
Compliance
IRS Identifies Changes to 403(b) Plans for Second Remedial Amendment Cycle
The 2022 Cumulative List will assist providers of Section 403(b) pre-approved plans applying to the IRS for opinion letters.
Compliance
Judge Cites Recent Supreme Court Ruling in Denying Dismissal of Excessive Fee Suit
Participants in a terminated 403(b) plan challenged the use of actively managed funds and higher cost share classes.
Compliance
Products
PPL Corp. and Mass Brigham General Face ERISA Lawsuits
Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.
Ameritas Introduces Two Retirement Plan Choices
The Ameritas GPS platform and a 403(b) program aim to help participants meet financial goals.
In Practice
Client Service
Investing
Damage Control in a Downturn
Tips for curating plan sponsors’ responses to a crisis.
Weighing 403(b)s versus 401(k)s for Nonprofits
In most cases, the 403(b) is the better option.
The Benefits of Simplifying DC Plan Investment Menus
Doing so could encourage more employees to participate in the plan, sources say.
Compliance News
Products
Data & Research
Data & Research
Compliance
Data & Research
Compliance
Compliance
Products
Data & Research
Legislative and Judicial Actions
Fiduciaries Get Final Win in Disney SuitA federal appellate court has affirmed a lower court decision in a lawsuit against Fidelity Management Trust Co. as a fiduciary to the...
Cash Back Program May Be Used for Student Loan Repayments
The EvoShare program also allows employees to receive up to 20% cash back on spending toward a 401(k) or 403(b) plan, and/or 529 plan.
Participants Report Being Knowledgeable About Retirement Plans
Just over six out of 10, 61.6%, said they engage with their retirement plan, according to a survey by Vestwell.
403(b) Plans Offer Diverse Range of Investment Options
On average, they offer 27 core investment options, according to ICI and BrightScope
Lawsuit Against Matrix Trust Company Voluntarily Dismissed
The dismissal of the lawsuit accusing the custodian of making unauthorized 403(b) plan account transfers comes a month after the owners of the plan's recordkeeper were indicted for stealing from retirement plans.
Fidelity Analysis Shows Advantage of Long-Term Savings
In the past 10 years, the average 401(k) balance has grown 87%, from $56,900 in the third quarter of 2008, Fidelity Investments reports.
Senator Reintroduces American Savings Act
The legislation would establish a personal retirement account for every American that they could take with them from job to job.
CT Passes Law to Apply Fiduciary Standards to non-ERISA 403(b)s
The law applies to Connecticut K-12 school districts.
Tax Reform, Fiduciary Rule Impact 403(b) and 457(b) Plans
The National Tax-Deferred Savings Association updates its reference guide ‘The Source’ to reflect last year’s tax reform and the DOL fiduciary rule derailment.
Millennials Learned to Save, But Not How to Invest
Half of Millennials expect to retire with financial stability, although most admit they do not know how to successfully invest, PNC Investments found in a survey.