Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 12th, 2014
Administration & Benefits
Financial and Emotional Planning Key to Happy Retirement
Preparing for retirement is less akin to running a race and more of a long-term commitment, Elaine Sarsynski, executive vice president of MassMutual Retirement Services, tells PLANSPONSOR. A MassMutual study finds a strong correlation between happiness and planning. The retirees who express the highest levels of contentment are the ones who took concrete steps to order both their emotional and their financial lives at least five years before retirement. Sarsynski stresses that even retirement plan participants who are not currently on track to achieve what they might think is a necessary accumulation can still take action.Read more >
Sponsored message from Vanguard
The Washington Connection: Key issues in the run-up to mid-terms
In the newest “Washington Connection” installment, Ann Combs, head of Vanguard Government Relations, offers insight on the latest legislative and regulatory issues from our nation’s capital.Read more >
Ask the Experts
Ask the Experts – Processing 403(b) Loan Defaults
“I have some questions about how 403(b) loan defaults are processed. I realize that, once a participant defaults on a loan, it’s a deemed distribution and a 1099R is issued. But what should happen to the participant’s account? Is it reduced by said distribution? And what happens to the outstanding loan? Is interest still accumulating on the deemed distribution? How is such interest reported going forward?”Read more >
Products, Deals & People
Insurance brokerage firm and employee benefits solutions provider Lockton hired David Dennis to join its employee benefits operation in Chicago. As unit manager and senior vice president, Dennis is responsible for providing guidance and developing comprehensive benefit programs to address the risks that employers face. He will focus on client retention and manage a team of Lockton professionals as they assist employers with marketing, funding issues, retirement plan design, and analyses of employee health and welfare benefit programs.Read more >