PLANSPONSOR Weekend Newsdash
Week ending April 1st, 2016
It was an exciting week for PLANSPONSOR as we held our annual Awards for Excellence dinner. But, there was also some interesting news. The Department of Labor and Securities and Exchange Commission have put in their “two cents” about stock drop case pleadings;  a study shows parents spoil their children to the detriment of their finances and retirement savings; a case study by Humana quantifies the cost savings of employee wellness programs; and the idea of offering student loan repayment benefits to employees to help them save for retirement may pick up as Prudential announced it is offering Student Loan Genius’ solution to its clients. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice
Data and Research
Parents Put Children over Savings Needs
Many parents do not know how much to save for retirement.Read more >
DOL and SEC Wade Into ERISA Stock Drop Debate
The Department of Labor (DOL) and Securities and Exchange Commission (SEC) both filed amicus briefs in the long-running case Whitley v BP PLC, an Employee Retirement Income Security Act (ERISA) stock drop lawsuit revived in 2014 in the wake of the U.S. Supreme Court decision in Dudenhoeffer v. Fifth Third Bancorp.Read more >
Study Shows Value of Wellness Programs
A three-year study by Humana suggests engagement in wellness programs lowers health claims costs and improves work productivity.Read more >
Prudential to Offer Student Loan Genius to Clients
The benefit allows plan sponsors to use student loan repayments as a catalyst to increase retirement savings.Read more >
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House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage

Among other things, the RISE Act would encourage retirement savings by allowing plan sponsors to offer small financial incentives to motivate employee participation.

TRIVIAL PURSUITS: Residents of the Island of Misfit Toys
December 17, 2013 ( – Who/what were the residents on the Island of Misfit Toys in “Rudolf the Red-Nosed Reindeer?”
Working Past Age 65 May Seem Like a Great Idea …

… but the prospects may vary, based on education, race and gender, says CRR.

Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income

Eighty-one percent of respondents to a survey indicate they are at least somewhat likely to prefer a retirement plan that substitutes guaranteed income for safe investments such as bonds.

TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?

Editorial: Alison Cooke Mintzer


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