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August 30th, 2022 Information & Insights for the 403(b) Community Plaintiffs Claim AME Church Plan Is Subject to ERISA A consolidated class action complaint claims that the church’s 401(k) plan elected to be governed by the Employee Retirement Income Security Act.  Target-Date Glide Paths Are Not Personalized Across Industries Plan sponsors across industry sectors and with widely different wages for workers are using essentially the same target-date fund glide paths, research shows. Ask the Experts How do we treat rehires in an auto-enrolled 403(b) plan? "Our 403(b) plan is an automatic contribution arrangement, or auto-enrolled plan. However, our plan is NOT an Eligible Automatic Contribution Arrangement or a Qualified Automatic Contribution Arrangement, primarily because we only enroll new hires, and not existing employees. My question is, how do we treat rehires in such an arrangement? Should we auto-enroll them as new hires, or treat them as existing employees who we would not auto enroll?" Funding the Future Self To their detriment, plan participants often fail to opt in to in-plan financial advice—but that may be changing. DC Survey Now Open For more than 20 years, PLANSPONSOR’s annual Defined Contribution Survey has provided benchmarking data for nearly 50 industries/business sectors and for 401(k), 403(b), and other DC plans, as well as nonqualified plans. Represent your industry and plan type by participating, and you’ll receive a free benchmarking report. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850