Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 18th, 2017
Awards Nominations
2018 Annual Plan Sponsor and Adviser Award Nominations Are Open
Nomination forms for the 2018 PLANSPONSOR Plan Sponsor of the Year awards and Retirement Plan Adviser of the Year awards are now available.Read more >
Benefits & Administration
Helping Workers Struggling With Student Loan Debt
While a pestering task, paying off student loans requires fulfillment and consistency, says Matt Sommers, vice president and retirement strategy group leader at Janus Henderson. A survey from IonTuition found 57.8% of employees said it would be helpful if employers provided information and online tools, including a hotline for repayment education and one-on-one student loan counseling. Additionally, 35.6% of respondents are unaware of their student loan repayment options. Providing access to an adviser who can offer tailored solutions—including refinance, auto-debit programs and alternative restructuring—can provide employees with relief from overwhelming payments or disband uncoordinated payment planning, according to Sommers. Several providers have also come out with student loan repayment benefits.Read more >
Products, Deals and People
Retirement Industry People Moves
T. Rowe Price hires senior DC strategist; Lockton adds retirement consultant to Northeast Practice; Mercer offers student loan repayment benefit as part of wellness program; and more.Read more >
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