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March 28th, 2023 Information & Insights for the 403(b) Community 2023 Plan Sponsor of the Year PLANSPONSOR is pleased to announce the 2023 Plan Sponsor of the Year award finalists in the Public DC, Nonprofit DC <$300MM and Nonprofit DC $300MM and Greater categories. More finalist announcements will come this week. Government Employees Express Fear of Outliving Retirement Income Personal debt, possible cuts to Social Security and rising inflation are concerns for state and local government employees when saving for retirement. Ask the Experts Is Change Coming for 403(b) Plan 5500 Filings? Q. As a small nonprofit sponsoring an ERISA 403(b) plan, 5500s have always been troublesome for us, as we have to go through the expense of hiring an auditor due to the fact that, though our plan has far less than 100 people with account balances and/or contributing to the plan in total, our participant count is over 100 for audit requirement purposes due to the universal availability requirements. I heard that the Department of Labor may have changed this rule. Is that true? Immediate Vesting Is Better for Recruitment Than Cliff Vesting Is for Retention Retirement experts at EBRI webinar cited research showing the dubious value of non-immediate vesting schedules in a competitive labor market.  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