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June 18th, 2021 Information & Insights for the 403(b) Community The DOL Has Begun Retirement Plan Cybersecurity Audits Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance. 2021 Target-Date Fund Survey In the past decade, and particularly since the passage of the Pension Protection Act of 2006, asset allocation funds—which include target-date funds—have exploded both in terms of number of products and assets amassed. They have also become more customized. The Target-Date Fund Buyer’s guide endeavors to present information about these funds and providers in an easy-to-use format for quick reference. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” A DOL Download Cybersecurity guidance for plan sponsors, providers and participants. Plan Sponsors Should Prudently Manage ERISA Accounts ERISA accounts are created by revenue sharing from funds in a DC plan, and many participant lawsuits have questioned the prudent and fair management of revenue sharing. Differences Between Safe Harbor and Traditional DC Plans The primary distinction is that sponsors can design safe harbor plans to avoid having to perform nondiscrimination and top-heavy testing. 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