PLANSPONSOR Weekend Newsdash
Week ending November 6th, 2015
Happy Friday, PLANSPONSOR readers! We are pleased to bring you this inaugural edition of NewsDash Week in Review, a great addition to our daily mailings and monthly print publications. Here you will find a selection of the week’s top-viewed articles and other selected content curated by the PLANSPONSOR staff—all to help you stay informed and prepare for another busy week running your plans and helping employees improve their retirement outcomes.
Editor's choice
Data and Research
Study Gauges Worker Reaction to State-Run Retirement Plan
A survey of workers not covered by an employer-sponsored retirement plan, conducted for the state of California, shows most think a state-run plan is a good idea. The majority say such a program would be good for them, but a significant number still would not save or save enough.Read more >
Employees Increasingly Worried About Health Care in Retirement
A majority of employees are happy with the retirement plans their employers provide, but they are increasingly worried about factors that could negatively affect their years in retirement. Mercer’s latest data from the Inside Employees’ Minds Survey, conducted among more than 3,000 U.S. workers, shows employees are worried about pension plan cuts and freezes, market volatility and potential changes to Social Security. However, the survey shows a growing concern about health care expenses in retirement. Read more >
Does the Intel Retirement Plans Case Have Merit?
Christopher M. Sulyma filed a lawsuit on behalf of two proposed classes of participants in the Intel 401(k) Savings Plan and the Intel Retirement Contribution Plan, claiming that the defendants breached their fiduciary duties by investing a significant portion of the plans’ assets in risky and high-cost hedge fund and private equity investments through custom-built target-date funds. PLANSPONSOR reached out to Marcia Wagner, principle with Wagner Law Group in Boston, for comments about the case.Read more >
From the Magazine
Decisionmaking Science
“With a proper theory in hand, a plan sponsor could look at a dataset for a given plan participant and identify exactly how likely he or she is to take a loan or even cash out of the plan. The sponsor could even choose to take advanced action to prevent participants from harming their retirement outlook.”Read more >
Settlement Terms Revealed in Boeing Fee Case
Plaintiffs’ attorneys announced months ago that Boeing would settle the long-running 401(k) excessive fee lawsuit, Boeing v. Spano, but at the time few concrete details emerged as to what Boeing’s liability might be, financial or otherwise.Read more >