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November 14th, 2023 Information & Insights for the 403(b) Community EBSA Head Lisa Gomez Talks Broadening Access to Retirement Benefits The assistant Secretary of Labor for the Employee Benefits Security Administration spoke to PLANSPONSOR about ‘Schoolhouse Rock,’ disparities in retirement benefits access and SECURE 2.0. Lack of Policies to Support Working Caregivers Continues to Set US Economy Back The U.S. has an opportunity to create more than $775 billion in additional economic activity per year by investing in policies that support working caregivers, new Department of Labor research found.   Ask the Experts How Does the New Determination Letter Program for 403(b) Plans Work? Q: I understand that the IRS has a new determination letter program for individually designed 403(b) plans (i.e., a plan document that is not a preapproved document). Is this determination letter program only open to newly established plans, or can older plans apply as well? We sponsor a 403(b) plan, and have maintained an individually designed plan document for some time but did not file for a determination letter since there was previously not a determination letter program for 403(b) plans. Trade Groups Say 60-Day Comment Period Is Not Enough for the Fiduciary Rule Industry associations write to the DOL arguing that the new proposal is too long and complicated for just a 60-day comment period. Help Your Plan Adviser Get Recognized Do you work with a great plan adviser! Nominate your plan adviser today for the 2024 Retirement Plan Adviser of the Year awards. Nominations for the Plan Sponsor Service, Plan Participant Service and 403(b) Plan Service categories can only come from plan sponsor clients, so we need your help in identifying the best in the business.  Don't miss your chance to participate in PLANSPONSOR's DC Survey! PLANSPONSOR’s annual DC Survey is closing soon. Be a part of the most widely used benchmarking data for the defined contribution retirement plan marketplace. Eligible plan sponsors that participate in the survey will get a free copy of an industry report that can be useful for plan benchmarking.   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