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
The Senate Math That Could Block SECURE Act
Senate floor time is at a premium ahead of the 2020 presidential election—so much so that even legislation that passed the House with a near-unanimous bipartisan vote is not guaranteed to become law.
House Committee Advances Bill to Establish Union Pension Lifeline Program

The legislation aims to establish a 30-year loan program and new financial assistance for financially troubled multiemployer pension plans.

Open MEPs Not for Every Plan Sponsor
If legislation passes to allow for open multiple employer plans (MEPs) for plan sponsors without a common nexus, experts believe they will offer benefits to plan sponsors, but there would be some considerations to explore before joining one.
Driving Financial Wellness at Work
Wes Collins, senior manager of participant advice services at CAPTRUST, discusses financial wellness areas of focus, broken out by career stage.
Pension Participants Claim ERISA Breaches in Dow DuPont Pension Transfer

In a new ERISA lawsuit seeking class action status, the plaintiffs claim their pension assets were disloyally and imprudently transferred during a complex series of corporate spinoffs and mergers.

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

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

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