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Date: Thu, 7 Sep 2017 09:50:54 -0700 (PDT)
From: Employee Benefit Services <ebs@windes.com>
Reply-To: Employee Benefit Services <ebs@windes.com>
To: Marty Cervone <marty@transocean.com>
Message-ID: <AZAYXCUCB$UYTXBTWTYXACC@mail-out.est.act-on.net>
Subject: Employee Benefit News - Summer 2017
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=20
EMPLOYEE BENEFIT NEWS - SUMMER 2017

Dear Valued Clients and Friends =E2=80=93

We are pleased to provide you with the latest developments and alerts=20
related to retirement plans and our practice. In an effort to best serve=20
you and keep you up to date on important developments, we will provide=20
you with communications throughout the year. We hope you find them=20
beneficial.

Sincerely,

Windes Employee Benefit Services

Quick Links

Employee Benefit Services=20

http://windes.com/services/advisory/employee-benefit-services/

Brochure

https://windes.com/wp-content/uploads/2014/03/New-EBS-Brochure-3.pdf

Contact Us

https://marketing.windes.com/acton/ct/1671/s-0268-1709/Bct/l-010b/l-010b:57=
4/ct3_1/1?sid=3DTV2%3AfeRaJbsUV

Downloadable PDF of the newsletter

https://windes.com/wp-content/uploads/2014/03/Web-Version-Summer-2017-Newsl=
etter.pdf

=C2=A9 2017 Windes, Inc.

DOL Fiduciary Rule Update

At the time of publication of the last edition of Employee Benefit News,=20
the Department of Labor (DOL) had just announced a delay of the new=20
fiduciary rules on conflicts of interest. Since April, incoming DOL=20
secretary Alexander Acosta was confirmed, and a new transition period=20
was announced for the implementation of the new rules, and then further=20
extended through July 1, 2019. The DOL indicated that the rules are=20
still being reviewed during the transition period, and the House=20
recently passed a bill completely repealing the new fiduciary rules.=20
While the implementation of these regulations have been in flux, the=20
financial services industry has made substantial changes in their=20
operations and fee arrangements to comply with the rules that were=20
originally to take effect in April. We will provide further updates as=20
developments occur and hopefully stabilize.

Compliance Spotlight: Hardship Substantiation

One of the more difficult tasks confronting plan administrators is the=20
determination of eligibility for hardship distributions, which allow=20
plan participants to access their retirement accounts for financial=20
hardship. The IRS has provided new guidelines to help simplify the=20
process of substantiating hardship claims. The following article=20
describes the new guidelines and how they will be applied. To read more,=20
see the article " New IRS Guidelines for Hardship Distributions

https://windes.com/solutions_newsletter/new-irs-guidelines-for-hardship-dis=
tributions/

."

Plan amendment required to use forfeitures to fund safe harbor=20
contributions

As detailed in the Spring 2017 edition of Employee Benefits News,=20
earlier this year the IRS issued proposed regulations that allow=20
unallocated forfeitures in a plan to be used toward the funding of safe=20
harbor contributions. Prior to the new rules, forfeitures could only be=20
used to offset the sources of contributions subject to vesting. The=20
proposed rules allow forfeited balances to offset fully vested safe=20
harbor contribution sources. Plans are permitted to rely on the proposed=20
regulations before they become finalized as long as the plan is amended=20
to comply with the regulations by the end of 2017. Windes will be=20
sending an amendment to our clients for those plans affected by this=20
change.

Tax return filing deadline changes impact contribution due dates

Effective with 2016 tax returns, the due dates (regular and/or extended)=20
have changed for Partnerships and certain C Corporations. These changes=20
also affect the due date of employer contributions to a qualified plan=20
for deduction purposes. The due dates are earlier or later than prior=20
years depending on the type of entity. Partnership and C Corporation=20
plan sponsors should contact their accountants to confirm the funding=20
and filing deadline.

403(b) plans vs. 401(k) plans =E2=80=93 Which is the right choice for=20
nonprofits?

Since 1997, nonprofit entities have been able to establish either a=20
403(b) plan or a 401(k) plan for their employees. There are distinct=20
differences between these two types of plans that employers should=20
consider before deciding which plan is best suited for their=20
organization. read more

https://windes.com/employee_benefit_new/403b-plans-vs-401k-plans-right-choi=
ce-nonprofits/

Strategic Partners

We have partnered with several quality organizations to provide a full=20
range of services to our retirement plan sponsor clients. These services=20
include payroll, investment advice, fiduciary benchmarking, financial=20
planning, insurance and estate planning. We have carefully chosen our=20
referral partners, and our clients have had excellent experiences from=20
their interactions with these professionals. Please contact us with any=20
needs you may have.

If you have any questions regarding the above information, please=20
contact us at ebs@windes.com or any employee benefit plan services=20
professional at:

Headquarters

562.435.1191

Orange County Office

949.271.2600

Los Angeles Office

213.239.9745

Share this content=20

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Forward To a Friend=20

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img[class=3Ddevicewidth]=09=09=09=09=09=09{width: 280px!important;}
table[class=3Ddevicewidthouter]=09=09=09=09{width: 280px!important;}
div[class=3Ddevicewidthouter]=09=09=09=09=09{width: 280px!important;}
td[class=3Ddevicewidthouter]=09=09=09=09=09{width: 280px!important;}
img[class=3Ddevicewidthouter]=09=09=09=09=09{width: 280px!important;}
table[class=3Ddevicewidthborder]=09=09=09=09{width: 280px!important;}
div[class=3Ddevicewidthborder]=09=09=09=09{width: 280px!important;}
td[class=3Ddevicewidthborder]=09=09=09=09=09{width: 280px!important;}
img[class=3Ddevicewidthborder]=09=09=09=09{width: 280px!important;}
td[class=3Dmilogo] img                        {max-width: 280px!important; =
height:auto!important;}
td[class=3Dmologo] img                        {max-width: 280px!important; =
height:auto!important;}
td[class=3Dmiheader] img                      {max-width: 280px!important; =
height:auto!important;}
td[class=3Dmoheader] img                      {max-width: 280px!important; =
height:auto!important;}
td[class=3Dmifooter] img                      {max-width: 280px!important; =
height:auto!important;}
td[class=3Dmofooter] img                      {max-width: 280px!important; =
height:auto!important;}
td[class=3Dmiheader], td[class=3Dmiheader] table    {width: 280px!important=
;}
td[class=3Dmoheader], td[class=3Dmoheader] table    {width: 280px!important=
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td[class=3Dmifooter], td[class=3Dmifooter] table    {width: 280px!important=
;}
td[class=3Dmofooter], td[class=3Dmofooter] table    {width: 280px!important=
;}
}

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td[class=3Ddevicewidth] .mcol1 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol1 img { max-width: 440px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol2 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol2 img { max-width: 440px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol3 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol3 img { max-width: 440px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol4 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol4 img { max-width: 440px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol5 { width: 437px!important; }
td[class=3Ddevicewidth] .mcol5 img { max-width: 437px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol6 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol6 img { max-width: 440px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol7 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol7 img { max-width: 440px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol8 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol8 img { max-width: 440px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol9 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol9 img { max-width: 440px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol10 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol10 img { max-width: 440px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol11 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol11 img { max-width: 440px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol12 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol12 img { max-width: 440px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol13 { width: 440px!important; }
td[class=3Ddevicewidth] .mcol13 img { max-width: 440px!important;height: au=
to!important; }
}
@media only screen and (max-width: 440px) {
td[class=3Ddevicewidth] .mcol1 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol1 img { max-width: 414px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol2 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol2 img { max-width: 414px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol3 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol3 img { max-width: 414px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol4 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol4 img { max-width: 414px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol5 { width: 411px!important; }
td[class=3Ddevicewidth] .mcol5 img { max-width: 411px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol6 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol6 img { max-width: 414px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol7 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol7 img { max-width: 414px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol8 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol8 img { max-width: 414px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol9 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol9 img { max-width: 414px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol10 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol10 img { max-width: 414px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol11 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol11 img { max-width: 414px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol12 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol12 img { max-width: 414px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol13 { width: 414px!important; }
td[class=3Ddevicewidth] .mcol13 img { max-width: 414px!important;height: au=
to!important; }
}
@media only screen and (max-width: 375px) {
td[class=3Ddevicewidth] .mcol1 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol1 img { max-width: 375px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol2 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol2 img { max-width: 375px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol3 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol3 img { max-width: 375px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol4 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol4 img { max-width: 375px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol5 { width: 372px!important; }
td[class=3Ddevicewidth] .mcol5 img { max-width: 372px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol6 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol6 img { max-width: 375px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol7 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol7 img { max-width: 375px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol8 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol8 img { max-width: 375px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol9 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol9 img { max-width: 375px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol10 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol10 img { max-width: 375px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol11 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol11 img { max-width: 375px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol12 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol12 img { max-width: 375px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol13 { width: 375px!important; }
td[class=3Ddevicewidth] .mcol13 img { max-width: 375px!important;height: au=
to!important; }
}
@media only screen and (max-width: 374px) {
td[class=3Ddevicewidth] .mcol1 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol1 img { max-width: 280px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol2 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol2 img { max-width: 280px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol3 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol3 img { max-width: 280px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol4 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol4 img { max-width: 280px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol5 { width: 277px!important; }
td[class=3Ddevicewidth] .mcol5 img { max-width: 277px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol6 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol6 img { max-width: 280px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol7 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol7 img { max-width: 280px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol8 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol8 img { max-width: 280px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol9 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol9 img { max-width: 280px!important;height: aut=
o!important; }
td[class=3Ddevicewidth] .mcol10 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol10 img { max-width: 280px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol11 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol11 img { max-width: 280px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol12 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol12 img { max-width: 280px!important;height: au=
to!important; }
td[class=3Ddevicewidth] .mcol13 { width: 280px!important; }
td[class=3Ddevicewidth] .mcol13 img { max-width: 280px!important;height: au=
to!important; }
}
</style>

<style type=3D"text/css">
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lass=3D"devicewidth">
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dth"><tr><td valign=3D"top" width=3D"800" class=3D"devicewidth" bgcolor=3D"=
transparent" style=3D"border-collapse: collapse; box-sizing: border-box; bo=
rder-top: none; border-right: none; border-left: none; border-bottom: none;=
"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
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llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430518771987"></a>
=09=09=09<br>
<img src=3D"http://marketing.windes.com/cdnr/58/acton/cx/687/logo18.jpg" al=
t=3D"" border=3D"0" width=3D"160" height=3D"60">
<br>
<br>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr><tr><td widt=
h=3D"100%"><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D=
"border-collapse: collapse;" width=3D"800" class=3D"devicewidth"><tr><td va=
lign=3D"top" width=3D"800" class=3D"devicewidth" bgcolor=3D"transparent" st=
yle=3D"border-collapse: collapse; box-sizing: border-box; border-top: none;=
 border-right: none; border-left: none; border-bottom: none;"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
=09=09style=3D"width: 100%; height: 100%; border-collapse: separate;"
=09=09><tr><td valign=3D"top" class=3D"mcol1" style=3D"border: 0; border-co=
llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430520797395"></a>
=09=09=09=09=09=09
<table style=3D"height: 30px; width: 100%; background-color: #142d49;" bord=
er=3D"0">
<tbody>
<tr>
<td>&nbsp;</td>
</tr>
</tbody>
</table>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr><tr><td widt=
h=3D"100%"><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D=
"border-collapse: collapse;" width=3D"800" class=3D"devicewidth"><tr><td va=
lign=3D"top" width=3D"800" class=3D"devicewidth" bgcolor=3D"transparent" st=
yle=3D"border-collapse: collapse; box-sizing: border-box; border-top: none;=
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=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
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llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430521170020"></a>
=09=09=09=09=09=09
<table style=3D"height: 30px; width: 100%; background-color: #ff9933;" bord=
er=3D"0">
<tbody>
<tr>
<td>&nbsp;</td>
</tr>
</tbody>
</table>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr><tr><td widt=
h=3D"100%"><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D=
"border-collapse: collapse;" width=3D"800" class=3D"devicewidth"><tr><td va=
lign=3D"top" width=3D"676" class=3D"devicewidth" bgcolor=3D"transparent" st=
yle=3D"border-collapse: collapse; box-sizing: border-box; border-top: none;=
 border-right: none; border-left: none; border-bottom: none;"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
=09=09style=3D"width: 100%; height: 100%; border-collapse: separate;"
=09=09><tr><td valign=3D"top" class=3D"mcol1" style=3D"border: 0; border-co=
llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1431036255886"></a>
=09=09=09<table align=3D"left" border=3D"0" cellspacing=3D"0" cellpadding=
=3D"0" width=3D"100%" height=3D"auto">=20
 <tbody>
  <tr>=20
   <td>=20
    <table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" align=3D"center=
" width=3D"100%" style=3D"table-layout: fixed;">=20
     <tbody>
      <tr>=20
       <td style=3D"font-size: 0; line-height: 100%;=09" align=3D"center"><=
img border=3D"0" width=3D"676" style=3D"max-width: 100% !important; height:=
 auto; display:block !important;  font-size: 12px;" alt=3D"" title=3D"" src=
=3D"http://marketing.windes.com/cdnr/58/acton/attachment/1671/f-013f/2/-/-/=
-/-/image.png" height=3D"164"></td>=20
      </tr>=20
     </tbody>
    </table> </td>=20
  </tr>=20
 </tbody>
</table>

=09=09</td></tr>
=09=09
=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430520480768"></a>
=09=09=09=09=09=09
<p><strong><span style=3D"font-family: arial, 'helvetica neue', helvetica, =
sans-serif;"><span style=3D"font-size: 18pt;"><span style=3D"color: #142d49=
;">EMPLOYEE BENEFIT NEWS - SUMMER 2017</span><br> </span> </span> </strong>=
</p>
<hr>
<p><span style=3D"font-family: arial, helvetica, sans-serif; font-size: 12p=
t;">Dear Valued Clients and Friends =E2=80=93</span></p>
<p><span style=3D"font-family: arial, helvetica, sans-serif; font-size: 12p=
t;">We are pleased to provide you with the latest developments and alerts r=
elated to retirement plans and our practice. In an effort to best serve you=
 and keep you up to date on important developments, we will provide you wit=
h communications throughout the year. We hope you find them beneficial.</sp=
an></p>
<p><span style=3D"font-family: arial,helvetica neue,helvetica,sans-serif; f=
ont-size: 12pt;">Sincerely, <br> <br> <strong> Windes Employee Benefit Serv=
ices</strong></span><span style=3D"font-size: 11pt;"><strong id=3D"_x0000_i=
1025" style=3D"font-family: Arial, Helvetica, sans-serif; font-size: 12px;"=
><span style=3D"font-family: georgia,palatino;"><br> </span></strong></span=
></p>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td><td valign=3D"top" width=3D"124" cl=
ass=3D"devicewidth" bgcolor=3D"#C3C6C6" style=3D"border-collapse: collapse;=
 box-sizing: border-box; border-top: none; border-right: none; border-left:=
 none; border-bottom: none;"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
=09=09style=3D"width: 100%; height: 100%; border-collapse: separate;"
=09=09><tr><td valign=3D"top" class=3D"mcol2" style=3D"border: 0; border-co=
llapse: separate; width: 100%; height: 100%; padding: 0px 0px 0px 3px;"
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430519520171"></a>
=09=09=09=09=09=09
<p><span style=3D"font-size: 14pt; font-family: arial,helvetica neue,helvet=
ica,sans-serif;"> <strong> Quick Links </strong> </span></p>
<p>&nbsp;</p>
<p><span style=3D"font-family: arial,helvetica,sans-serif; font-size: 9pt;"=
><a target=3D"_blank"
 id=3D"ct1_0"
 href=3D"https://marketing.windes.com/acton/ct/1671/s-0268-1709/Bct/l-010b/=
l-010b:574/ct1_0/1?sid=3DTV2%3AfeRaJbsUV"
 title=3D"EBS">Employee Benefit Services </a></span></p>
<p><span style=3D"font-family: arial,helvetica,sans-serif; font-size: 9pt;"=
><a target=3D"_blank"
 id=3D"ct2_0"
 href=3D"https://marketing.windes.com/acton/ct/1671/s-0268-1709/Bct/l-010b/=
l-010b:574/ct2_0/1?sid=3DTV2%3AfeRaJbsUV"
 title=3D"Brochure">Brochure</a><br><br><a target=3D"_blank"
 id=3D"ct3_0"
 href=3D"https://marketing.windes.com/acton/ct/1671/s-0268-1709/Bct/l-010b/=
l-010b:574/ct3_0/1?sid=3DTV2%3AfeRaJbsUV"
 title=3D"Contact Us">Contact Us</a></span><br><br><a target=3D"_blank"
 id=3D"ct4_0"
 href=3D"https://marketing.windes.com/acton/ct/1671/s-0268-1709/Bct/l-010b/=
l-010b:574/ct4_0/1?sid=3DTV2%3AfeRaJbsUV"
 title=3D"Downloadable"><span style=3D"font-size: 9pt;"><span style=3D"font=
-family: georgia,palatino;"><span style=3D"font-family: arial,helvetica neu=
e,helvetica,sans-serif;"><span style=3D"font-family: arial,helvetica,sans-s=
erif;">Downloadable PDF of the newsletter</span></span></span></span></a></=
p>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr><tr><td widt=
h=3D"100%"><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D=
"border-collapse: collapse;" width=3D"800" class=3D"devicewidth"><tr><td va=
lign=3D"top" width=3D"800" class=3D"devicewidth" bgcolor=3D"transparent" st=
yle=3D"border-collapse: collapse; box-sizing: border-box; border-top: none;=
 border-right: none; border-left: none; border-bottom: none;"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
=09=09style=3D"width: 100%; height: 100%; border-collapse: separate;"
=09=09><tr><td valign=3D"top" class=3D"mcol1" style=3D"border: 0; border-co=
llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430521300653"></a>
=09=09=09=09=09=09
<table style=3D"height: 15px; width: 100%; background-color: #ff9933;" bord=
er=3D"0">
<tbody>
<tr>
<td style=3D"text-align: center;"><span style=3D"color: #ffffff;"><span sty=
le=3D"font-family: arial,helvetica neue,helvetica,sans-serif;">&nbsp;<span =
style=3D"font-size: 7.5pt; color: white; font-family: 'Arial','sans-serif';=
">=C2=A9</span><span style=3D"font-size: 9pt; color: white; font-family: 'A=
rial','sans-serif';">&nbsp; </span>2017 Windes, Inc. </span></span></td>
</tr>
</tbody>
</table>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr><tr><td widt=
h=3D"100%"><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D=
"border-collapse: collapse;" width=3D"800" class=3D"devicewidth"><tr><td va=
lign=3D"top" width=3D"800" class=3D"devicewidth" bgcolor=3D"transparent" st=
yle=3D"border-collapse: collapse; box-sizing: border-box; border-top: none;=
 border-right: none; border-left: none; border-bottom: none;"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
=09=09style=3D"width: 100%; height: 100%; border-collapse: separate;"
=09=09><tr><td valign=3D"top" class=3D"mcol1" style=3D"border: 0; border-co=
llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430950450707"></a>
=09=09=09=09=09=09
<p><strong><span style=3D"font-family: arial,helvetica,sans-serif; font-siz=
e: 12pt;">DOL Fiduciary Rule Update<br></span></strong></p>
<p><span style=3D"font-family: arial,helvetica,sans-serif; font-size: 12pt;=
">At the time of publication of the last edition of Employee Benefit News, =
the Department of Labor (DOL) had just announced a delay of the new fiducia=
ry rules on conflicts of interest. Since April, incoming DOL secretary Alex=
ander Acosta was confirmed, and a new transition period was announced for t=
he implementation of the new rules, and then further extended through July =
1, 2019. The DOL indicated that the rules are still being reviewed during t=
he transition period, and the House recently passed a bill completely repea=
ling the new fiduciary rules. While the implementation of these regulations=
 have been in flux, the financial services industry has made substantial ch=
anges in their operations and fee arrangements to comply with the rules tha=
t were originally to take effect in April. We will provide further updates =
as developments occur and hopefully stabilize. </span></p>
<hr>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr><tr><td widt=
h=3D"100%"><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D=
"border-collapse: collapse;" width=3D"800" class=3D"devicewidth"><tr><td va=
lign=3D"top" width=3D"800" class=3D"devicewidth" bgcolor=3D"transparent" st=
yle=3D"border-collapse: collapse; box-sizing: border-box; border-top: none;=
 border-right: none; border-left: none; border-bottom: none;"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
=09=09style=3D"width: 100%; height: 100%; border-collapse: separate;"
=09=09><tr><td valign=3D"top" class=3D"mcol1" style=3D"border: 0; border-co=
llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430950962004"></a>
=09=09=09=09=09=09
<p><strong><span style=3D"font-family: arial,helvetica,sans-serif; font-siz=
e: 12pt;">Compliance Spotlight: Hardship Substantiation<br></span></strong>=
</p>
<p><span style=3D"font-family: arial,helvetica,sans-serif; font-size: 12pt;=
">One of the more difficult tasks confronting plan administrators is the de=
termination of eligibility for hardship distributions, which allow plan par=
ticipants to access their retirement accounts for financial hardship. The I=
RS has provided new guidelines to help simplify the process of substantiati=
ng hardship claims. The following article describes the new guidelines and =
how they will be applied. To read more, see the article =E2=80=9C<a target=
=3D"_blank"
 id=3D"ct5_0"
 href=3D"https://marketing.windes.com/acton/ct/1671/s-0268-1709/Bct/l-010b/=
l-010b:574/ct5_0/1?sid=3DTV2%3AfeRaJbsUV"
 title=3D"Compliance Spotlight">New IRS Guidelines for Hardship Distributio=
ns</a>.=E2=80=9D</span></p>
<hr>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr><tr><td widt=
h=3D"100%"><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D=
"border-collapse: collapse;" width=3D"800" class=3D"devicewidth"><tr><td va=
lign=3D"top" width=3D"800" class=3D"devicewidth" bgcolor=3D"transparent" st=
yle=3D"border-collapse: collapse; box-sizing: border-box; border-top: none;=
 border-right: none; border-left: none; border-bottom: none;"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
=09=09style=3D"width: 100%; height: 100%; border-collapse: separate;"
=09=09><tr><td valign=3D"top" class=3D"mcol1" style=3D"border: 0; border-co=
llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430950576733"></a>
=09=09=09=09=09=09
<p><strong><span style=3D"font-family: arial,helvetica,sans-serif; font-siz=
e: 12pt;">Plan amendment required to use forfeitures to fund safe harbor co=
ntributions</span></strong></p>
<p><span style=3D"font-family: arial,helvetica,sans-serif; font-size: 12pt;=
">As detailed in the Spring 2017 edition of Employee Benefits News, earlier=
 this year the IRS issued proposed regulations that allow unallocated forfe=
itures in a plan to be used toward the funding of safe harbor contributions=
. Prior to the new rules, forfeitures could only be used to offset the sour=
ces of contributions subject to vesting. The proposed rules allow forfeited=
 balances to offset fully vested safe harbor contribution sources. Plans ar=
e permitted to rely on the proposed regulations before they become finalize=
d as long as the plan is amended to comply with the regulations by the end =
of 2017. Windes will be sending an amendment to our clients for those plans=
 affected by this change.</span></p>
<hr>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr><tr><td widt=
h=3D"100%"><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D=
"border-collapse: collapse;" width=3D"800" class=3D"devicewidth"><tr><td va=
lign=3D"top" width=3D"800" class=3D"devicewidth" bgcolor=3D"transparent" st=
yle=3D"border-collapse: collapse; box-sizing: border-box; border-top: none;=
 border-right: none; border-left: none; border-bottom: none;"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
=09=09style=3D"width: 100%; height: 100%; border-collapse: separate;"
=09=09><tr><td valign=3D"top" class=3D"mcol1" style=3D"border: 0; border-co=
llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430950911334"></a>
=09=09=09=09=09=09
<p><strong><span style=3D"font-family: arial,helvetica,sans-serif; font-siz=
e: 12pt;">Tax return filing deadline changes impact contribution due dates<=
/span></strong></p>
<p><span style=3D"font-family: arial,helvetica,sans-serif; font-size: 12pt;=
">Effective with 2016 tax returns, the due dates (regular and/or extended) =
have changed for Partnerships and certain C Corporations. These changes als=
o affect the due date of employer contributions to a qualified plan for ded=
uction purposes. The due dates are earlier or later than prior years depend=
ing on the type of entity. Partnership and C Corporation plan sponsors shou=
ld contact their accountants to confirm the funding and filing deadline.</s=
pan></p>
<hr>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr><tr><td widt=
h=3D"100%"><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D=
"border-collapse: collapse;" width=3D"800" class=3D"devicewidth"><tr><td va=
lign=3D"top" width=3D"800" class=3D"devicewidth" bgcolor=3D"transparent" st=
yle=3D"border-collapse: collapse; box-sizing: border-box; border-top: none;=
 border-right: none; border-left: none; border-bottom: none;"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
=09=09style=3D"width: 100%; height: 100%; border-collapse: separate;"
=09=09><tr><td valign=3D"top" class=3D"mcol1" style=3D"border: 0; border-co=
llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1480720807413"></a>
=09=09=09=09=09=09
<p><strong><span style=3D"font-family: arial,helvetica,sans-serif; font-siz=
e: 12pt;">403(b) plans vs. 401(k) plans =E2=80=93 Which is the right choice=
 for nonprofits?</span></strong></p>
<p><span style=3D"font-family: arial,helvetica,sans-serif; font-size: 12pt;=
">Since 1997, nonprofit entities have been able to establish either a 403(b=
) plan or a 401(k) plan for their employees. There are distinct differences=
 between these two types of plans that employers should consider before dec=
iding which plan is best suited for their organization.</span><span style=
=3D"font-family: arial,helvetica,sans-serif; font-size: 12pt;">&nbsp; <a ta=
rget=3D"_blank"
 id=3D"ct6_0"
 href=3D"https://marketing.windes.com/acton/ct/1671/s-0268-1709/Bct/l-010b/=
l-010b:574/ct6_0/1?sid=3DTV2%3AfeRaJbsUV"
 title=3D"403(b) Plans vs...">read more</a></span></p>
<hr>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr><tr><td widt=
h=3D"100%"><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D=
"border-collapse: collapse;" width=3D"800" class=3D"devicewidth"><tr><td va=
lign=3D"top" width=3D"800" class=3D"devicewidth" bgcolor=3D"transparent" st=
yle=3D"border-collapse: collapse; box-sizing: border-box; border-top: none;=
 border-right: none; border-left: none; border-bottom: none;"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
=09=09style=3D"width: 100%; height: 100%; border-collapse: separate;"
=09=09><tr><td valign=3D"top" class=3D"mcol1" style=3D"border: 0; border-co=
llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430951687459"></a>
=09=09=09=09=09=09
<p><strong><span style=3D"font-family: arial, helvetica, sans-serif; font-s=
ize: 12pt;">Strategic Partners</span></strong></p>
<p><span style=3D"font-family: arial, helvetica, sans-serif; font-size: 12p=
t;">We have partnered with several quality organizations to provide a full =
range of services to our retirement plan sponsor clients. These services in=
clude payroll, investment advice, fiduciary benchmarking, financial plannin=
g, insurance and estate planning. We have carefully chosen our referral par=
tners, and our clients have had excellent experiences from their interactio=
ns with these professionals. Please contact us with any needs you may have.=
</span></p>
<hr>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr><tr><td widt=
h=3D"100%"><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D=
"border-collapse: collapse;" width=3D"800" class=3D"devicewidth"><tr><td va=
lign=3D"top" width=3D"800" class=3D"devicewidth" bgcolor=3D"transparent" st=
yle=3D"border-collapse: collapse; box-sizing: border-box; border-top: none;=
 border-right: none; border-left: none; border-bottom: none;"
=09=09><table cellspacing=3D"0" cellpadding=3D"0" width=3D"100%" height=3D"=
100%"
=09=09style=3D"width: 100%; height: 100%; border-collapse: separate;"
=09=09><tr><td valign=3D"top" class=3D"mcol1" style=3D"border: 0; border-co=
llapse: separate; width: 100%; height: 100%; "
=09=09><table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" width=3D"100=
%">

=09=09<tr><td valign=3D"top" style=3D"padding-top:0px; padding-bottom:0px; =
padding-left:0px; padding-right:0px;">
=09=09=09<a name=3D"B1430521686483"></a>
=09=09=09<p style=3D"text-align: left;"><span style=3D"font-family: georgia=
,palatino; font-size: 12pt;"><span style=3D"font-family: arial,helvetica ne=
ue,helvetica,sans-serif;">If you have any questions regarding the above inf=
ormation, please contact us at <a target=3D"_blank"
=09=09=09 href=3D"mailto:ebs@windes.com"> ebs@windes.com</a>&nbsp;or any em=
ployee benefit plan services professional at: </span> </span></p>=20
<p style=3D"text-align: justify;"><span style=3D"font-family: arial,helveti=
ca neue,helvetica,sans-serif;"> <strong> <span style=3D"font-size: 12pt;"> =
Headquarters </span> </strong> </span></p>=20
<p><span style=3D"font-family: arial,helvetica neue,helvetica,sans-serif; f=
ont-size: 12pt;"> 562.435.1191 </span></p>=20
<p><span style=3D"font-family: arial,helvetica neue,helvetica,sans-serif;">=
 <strong> <span style=3D"font-size: 12pt;"> Orange County Office </span> </=
strong> </span></p>=20
<p><span style=3D"font-family: arial,helvetica neue,helvetica,sans-serif; f=
ont-size: 12pt;"> 949.271.2600 </span></p>=20
<p><span style=3D"font-family: arial,helvetica neue,helvetica,sans-serif;">=
 <strong> <span style=3D"font-size: 12pt;"> Los Angeles Office </span> </st=
rong> </span></p>=20
<p><span style=3D"font-family: arial,helvetica neue,helvetica,sans-serif; f=
ont-size: 12pt;"> 213.239.9745 </span></p>=20
<p>&nbsp;</p>=20
<table cellpadding=3D"2" cellspacing=3D"0">=20
 <tbody>=20
  <tr>=20
   <td><em> Share this content </em></td>=20
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    id=3D"ct7_0"
    href=3D"https://marketing.windes.com/acton/ct/1671/s-0268-1709/Bct/l-01=
0b/l-010b:574/ct7_0/1?sid=3DTV2%3AfeRaJbsUV"
    title=3D"share on twitter"> <img src=3D"http://marketing.windes.com/act=
on/image/social/twitter.png" alt=3D"" border=3D"0" width=3D"16" height=3D"1=
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    id=3D"ct8_0"
    href=3D"https://marketing.windes.com/acton/ct/1671/s-0268-1709/Bct/l-01=
0b/l-010b:574/ct8_0/1?sid=3DTV2%3AfeRaJbsUV"
    title=3D"share on facebook"> <img src=3D"http://marketing.windes.com/ac=
ton/image/social/facebook.png" alt=3D"" border=3D"0" width=3D"16" height=3D=
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   <td><a style=3D"cursor: pointer;" target=3D"_blank"
    id=3D"ct9_0"
    href=3D"https://marketing.windes.com/acton/ct/1671/s-0268-1709/Bct/l-01=
0b/l-010b:574/ct9_0/1?sid=3DTV2%3AfeRaJbsUV"
    title=3D"share on linkedin"> <img src=3D"http://marketing.windes.com/ac=
ton/image/social/linkedin.png" alt=3D"" border=3D"0" width=3D"16" height=3D=
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</table>=20
<table cellpadding=3D"2" cellspacing=3D"0">=20
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   <td><a style=3D"cursor: pointer;" target=3D"_blank"
    id=3D"ct10_0"
    href=3D"https://marketing.windes.com/acton/ct/1671/s-0268-1709/Bct/l-01=
0b/l-010b:574/ct10_0/1?sid=3DTV2%3AfeRaJbsUV"
    title=3D"forward to a friend"> Forward To a Friend </a></td>=20
  </tr>=20
 </tbody>=20
</table>=20
<hr>=20
<p>&nbsp;</p>

=09=09</td></tr>
=09=09
=09=09=09</table></td></tr></table></td></tr></table></td></tr>
=09
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=09
</td></tr>
=09=09</table>
=09=09
</td></tr>
=09</table>

=09=09<table width=3D"800" border=3D"0" cellspacing=3D"0" cellpadding=3D"0"=
 class=3D"devicewidthouter">
=09=09=09<tr><td width=3D"100%" bgcolor=3Dtransparent style=3D"padding: 0 0=
 0 0 ; text-align: center;" align=3D"center" class=3D"mofooter">

Copyright &copy; 2017 Windes<br>Our address is 111 West Ocean Blvd., Twenty=
-Second Floor, Long Beach, CA 90802, USA<br>&nbsp;<br>If you do not wish to=
 receive future email, <a class=3D"msgFooter"
 href=3D"http://marketing.windes.com/acton/rif/1671/s-0268-1709/-/l-010b:57=
4/l-010b/zout?sid=3DTV2%3AfeRaJbsUV">click here</a>.<br>(You can also send =
your request to <b>Customer Care</b> at the street address above.)
<img alt=3D"" border=3D"0" src=3D"http://marketing.windes.com/acton/o/1671/=
s-0268-1709/l-010b:574/l-010b/UVADTDTDU/endline.gif">
=09
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