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
Democrats Take Control of the Senate: What Does That Mean for Your Retirement Plan?

Syed Nishat, with Wall Street Alliance Group, discusses potential effects on retirement plans if President Joe Biden is able to move forward his legislative agenda.

The Value of Having a Retirement Plan Committee Charter
While not required by ERISA, attorneys say a committee charter is a best practice that can help a plan run more smoothly—and help fiduciaries avoid litigation and penalties.
2020 Recordkeeping Survey
Takeda Pharmaceuticals Faces ERISA Lawsuit Over TDF Suite in 401(k) Plan

The lawsuit says the target-date funds were selected for the plan despite having no performance history and, when they continued to underperform, they were not replaced with better options.

Pandemic Puts More Households at Risk in Retirement

The Center for Retirement Research says half of American households are at risk of not being able to live at pre-retirement standards of living in retirement.

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

Advertising: advertise@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