September 15th, 2020 Insight on Plan Design & Investment Strategy Every Weekday NEWSDash Special Edition Editor's Note PLANSPONSOR is pleased to bring this special edition of the NEWSDash sponsored by MassMutual focused on how defined contribution (DC) plan sponsors can manage uncertainty for their plans and plan participants. ERISA Examination Fiduciary Duties Carry On When it comes to following best practices, it’s business as usual. Most Read Compliance Final Retirement Security Rule Published Data and Research Advanced Recordkeeping Technology Allows for More Personalization in TDFs Compliance What’s In the Final Retirement Security Rule? Administration, Furloughs Vs. Layoffs: Which May Trigger a Partial Plan Termination? ‘Companies tend to use the terms interchangeably, which is why it can be confusing,’ says Lorie Maring, a partner at Fisher Phillips. A Retirement Plan Wake-Up Call From COVID-19 Nontraditional retirement plan providers suggest plan design will be more driven by behavioral finance and participant communications and advice will evolve. Alternatives to Plan Termination Listen to MassMutual’s podcast to gather insights and perspectives, and most importantly, alternatives to help support you and your plan participants during these turbulent times. Benefits, Pandemic Reveals Overwhelming Need for Financial Wellness Programs More employers will see financial wellness programs as a necessity and emergency savings as a top priority. Finding the Path to Financial Wellness If your company is reopening or has already reopened and is trying to regain its momentum, you may notice that the battle with the coronavirus extends beyond just questions of health. Charting a Path Through Uncertainty: Maintaining a Sense of Financial Wellness Listen to MassMutual’s On-Demand webinar to learn how to approach financial wellness in a time of uncertainty, how to support participants with short- and long-term game plans and why it is critical for you to provide financial wellness guidance in your current role. Financial Wellness Podcast Series: Benefits of Health Savings Accounts (HSAs) Tune in to hear a discussion with MassMutual’s Financial Wellness Strategist team and Mark Irzyk from WEX Health on the importance of HSAs. Financial Wellness Podcast Series: Benefits of Student Loan Debt Programs Tune in to hear a discussion with MassMutual’s Financial Wellness Strategist team and Scott Thompson, CEO of Tuition.io on the value of offering this benefit to participants. Investing Talking Points to Help Participants Navigate Market Volatility Certain concepts should be communicated clearly to retirement plan participants so they don’t make decisions that may hurt their retirement readiness. RS-49981-00 Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850