PLANSPONSOR Weekend Newsdash
Week ending April 13th, 2018

Hello, PLANSPONSOR readers! This week we focus on financial wellness and participant education. Two surveys find retirement plan participants need reminding of certain factors to include in their retirement planning—for example, longevity, long-term care, income planning and Social Security optimization. In addition, pre-retirees need help adjusting portfolios to mitigate market volatility risks prior to retiring. Sources speak about how to create an effective financial education solution. And, Prudential has introduced a new skill for Amazon’s Alexa to help participants easily receive account information. Enjoy this edition of PLANSPONSOR Weekend!

Editor's choice
Data and Research
Participants’ Optimism Parallels Lack of Specific Planning
While there is strong optimism concerning the equity markets and long-term growth, there is also a lack of specific planning on the key topics of income planning, Social Security optimization, health care costs and more. Read more >
Investing
Pre-Retirees Seemingly Unaware of What Market Volatility Can Do to Savings
Nearly six in ten pre-retirees and 32% of retirees describe their primary investment strategy as focused on either “aggressive growth” or “moderate growth;” a MassMutual survey finds. Read more >
Benefits
One-Size-Fits-All Financial Education Missing the Mark
Programs need to be individualized and include financial coaching. Read more >
Data and Research
Study Shows Low Level of Financial Literacy Among Americans
“Low levels of financial literacy—not only [among] the young but also people close to retirement—show we need to step up the effort to promote financial knowledge across the entire population,” says Annamaria Lusardi with the Global Financial Literacy Excellence Center. Read more >
MOST POPULAR STORIES
(b)lines Ask the Experts – Must Plans Adopt Budget Act New Hardship Withdrawal Rules?
“I am aware from a prior Ask the Experts column that the Bipartisan Budget Act of 2018 made some changes to the hardship distribution rules?
Retirement Industry People Moves

Industry expert replaces BPAS SVP of Fiduciary Services; USI Consulting employs VP of Retirement Services; Cafaro Greenleaf announces addition of investment analyst; and more.

House Committee Contemplates Bill That Would Reduce Employer Health Benefit Costs

Also being considered is legislation for expanding benefits of HSAs.

HSA Amendment Bills Moved to U.S. House

Among the bills approved by the House Ways and Means Committee is one that would qualify significantly more health treatments, services and over-the-counter drugs for HSA spending.

District Court Upholds Use of Segal Blend to Calculate Multiemployer Pension Liability

Commenting on the decision, Segal Consulting says it is “consistent with every other decision handed down in similar cases except for one,” the Southern District of New York Court’s decision in The New York Times Company v. Newspaper and Mail Deliverers’-Publishers’ Pension Fund, which is being appealed.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

Subscribe to NewsDash, click here.
To unsubscribe, click here.
BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund