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March 10, 2017

What If the Last Day of the Plan Year Falls on a Weekend?

“A few employees terminated employment at the end of the year, and their last day of work was December 30, 2016, which was the last business day of the year for our firm, since December 31 was a Saturday last year. Our 403(b) retirement plan has a last-day rule, where the document language says you must be employed on the last day of the plan year (our plan year is calendar) in order to receive our annual employer contribution. Any thoughts from the Experts as to whether or not an employer contribution for the 2016 plan year should be provided?”
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Connecticut Bill Targets 403(b) Provider Conflicts

A new bill is aimed at implementing a state-based rulemaking process that will require any person who enters into a service contract or agreement with a 403(b) retirement plan to disclose conflicts of interest.
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Ask the Experts
David Levine and David Powell, with Groom Law Group, and Michael A. Webb, VP, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. rebecca.moore@strategic-i.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice.


Can President Trump’s Economic Plans Boost Real Assets in DC Space?

President Trump’s infrastructure spending proposal and other pro-growth economic strategies could have a positive effect on real assets if they are successfully implemented; DC and DB plans may be able to take advantage.
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Third Participant Challenges JP Morgan 401(k)

The text of the suit offers a detailed look at the investment menu offered to JP Morgan employees, as well as the way fees for the plan have been assessed during recent years.
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Vanguard's TDF Market Share Rose to 34% in 2016

The investment firm took in more TDF assets than any other company: $96 billion.
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February Brought Low 401(k) Trading

Trading activity was relatively light among DC plan investors during February, according to data provided by Aon Hewitt.
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New Wellness Platform From Merit Financial Group

The platform's services can be offered both directly to retirement plan sponsors, “or act as smoothly integrated, third party resources that augment the offerings of retirement plan advisers.”
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Editorial: Rebecca Moorerebecca.moore@strategic-i.com
Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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