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March 9th, 2018

Retirement Security Not Just About Retirement Savings Plans

More than three-fourths (78%) of American workers say retirement security will be more challenging for younger generations—more so than any other financial achievement, according to the American Workers Survey, commissioned by Prudential and conducted by Morning Consult in February. But survey results suggest it is not just having a retirement savings plan that is important.Read more >

Retirement Saving Focus Especially Needed for Latino Women

Researchers at the University of Notre Dame, in a study funded by the National Endowment for Financial Education say Latinas have a huge appetite for financial education and a strong desire to save, and their savings could provide a critical safety net to America’s largest minority group.Read more >
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts

Wisconsin-Based Diocese Closes Pension Plan

The Diocese of La Crosse announced it will end its pension plan for lay employees. All funds in the plan will be distributed as a one-time lump sum payment to eligible participants. A letter to employees from Bishop William Patrick Callahan notes that the pension plan was frozen in 2007 and replaced with a 403(b) defined contribution (DC) plan. The diocese continued to bill parishes and allocate funds from the Diocesan Annual Appeal to help make up for the shortfall in the underfunded pension, but the efforts weren’t enough to fully fund it.Read more >

Tax Reform Changes HSA Limit for Family Coverage

For an individual with self-only coverage, nothing has changed since the IRS announced limits in 2017.Read more >

Businessolver and Transamerica Reveal One Wallet Initiative

Businessolver, a provider of benefits administration technology, announced a new strategic collaboration with Transamerica to offer integrated enrollment in retirement plans alongside employer-provided medical and voluntary benefits on the Benefitsolver platform.Read more >

Investment Products and Services Launches

Morningstar Grows Fund Ratings System with Quantitative Rating; First Trust Merges Two Funds; and Vanguard Changes Benchmarks for Funds.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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