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January 10th, 2023 Information & Insights for the 403(b) Community CITs a No-Go for 403(b) Accounts One of the original three bills of SECURE 2.0 did contain such a provision, but it was ultimately dropped. Texas Area Counseling Service Found Exempt from 403(b) ERISA Requirements The service was found to be in a legal safe harbor, but the case continues against the plan adviser. Ask the Experts Does SECURE 2.0 Require Immediate Action by 403(b) Plan Sponsors? A little bird (actually, several little birds) informed me of the recent passage of major retirement plan legislation. Is there any immediate action I need to take as a 403(b) plan sponsor? 403(b) Plans Will Continue to Act More Like 401(k)s with SECURE 2.0 Changes Plan sponsors offering 403(b) plans may be able to operate them more like 401(k)s after SECURE 2.0, according to experts. Last Week for Retirement Plan Adviser of the Year Nominations We need your help in identifying the best retirement plan advisers in the country. If you work with a great plan adviser or plan adviser team, nominate them to be recognized in the 2023 PLANADVISER Retirement Plan Adviser of the Year awards program. Nominations for the Plan Sponsor Service and Plan Adviser Service categories can only come from plan sponsor clients, so it is up to you to make their excellence known. 2023 Plan Sponsor of the Year Nominations Are Open Do you know of or work for a plan sponsor that goes above and beyond to make retirement security a reality for employees? 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