Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 9th, 2015
Benefits & Administration
Employers Weigh In on ACA Changes
The change in the Patient Protection and Affordable Care Act (ACA) that is being contemplated by the U.S. Supreme Court is the one least favored by employers, according to a yet-to-be released Mercer survey. As part of the survey, nearly 600 employers were asked whether they would favor or oppose a number of ACA-related changes being discussed by Congress and the courts, keeping in mind the impact of each change on their organization’s health benefit program. The change with the least backing is “Disallowing federal subsidies for individual coverage in states that don’t operate their own exchange.” Only 27% are in favor, while 31% are opposed (42% say they have no opinion).Read more >
Participants Appreciate Investing Guidance
A majority of 401(k) participants feel positive about the information they receive from their employers related to making informed investing/saving decisions, according to the latest Wells Fargo/Gallup Investor and Retirement Optimism Index. Thirty-one percent rate the experience as “excellent,” and 43% rate it as “good.” One-quarter gave their employer a lesser rating on employee financial support, including 19% who said their employer does only a “fair” job and 6% saying a “poor” one. Nearly one-third of investors surveyed said they most need advice about which retirement plan funds to invest in.Read more >
Products, Deals & People
Scott Kaplan has been named head of the pension risk transfer business team at Prudential Retirement, effective immediately. Kaplan, a senior member of the pension risk transfer (PRT) leadership team, will continue to report to Phil Waldeck, the overall group head of pension and structured solutions for Prudential. The rest of the PRT team remains the same.Read more >
OneAmerica says its expanded lineup of tools and services for plan sponsors is now easier to access—and can lead to improved plan outcomes. The expanded retirement readiness program pulls together a variety of products, services and technology from across the OneAmerica enterprises to help improve employees’ retirement readiness, says Bill Yoerger, president of retirement services for the companies of OneAmerica.Read more >