Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 2nd, 2015
Benefits & Administration
Study Finds ‘Secrets’ to Retiring Early
According to Allianz’s survey of 4,500 Americans, more than one in four (26%) of the 3,449 currently employed respondents said they intend to retire before they reach age 65. Among these, 76% are currently married, and 77% are still in their first marriage. Compared with respondents who said they plan never to retire, many looking to retire early reported that they and their significant other share a similar, “practical” approach to money matters.Read more >
Rhode Island Treasurer Seth Magaziner announced a proposal to increase transparency of the state’s pension fund. The International Business Times reports that, under the proposal, Rhode Island will disclose the full range of fees and expenses it pays to investment managers and will fully disclose those managers’ performance. The proposal would not only mandate full disclosure of fees, expenses and fund-level performance, but also liquidity restrictions fund managers place on investors wanting to redeem their funds.Read more >
More Employers Using Holistic Wellness Programs
The Virgin Pulse and Workforce “The Business of Healthy Employees” survey found that, more than ever, employers are taking a more holistic approach with their workplace well-being programs. Seventy-eight percent of employers are expanding beyond physical wellness to include broader well-being areas like financial wellness, mental health, and more (up 6% from last year). Eighty-three percent of executives surveyed say they place improving employee well-being at the top of 2015 priorities.Read more >
Products, Deals & People
MassMutual has appointed Michele Baldasarre as vice president of Institutional Markets to lead relationship management for the firm’s large retirement plan sponsors. Baldasarre’s team will serve corporations, government entities, Taft-Hartley or labor unions, and nonprofit organizations.Read more >