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
Reasons Exist to Turn a Cold Shoulder to Company Stock in DC Plans
However, if plan sponsors choose to offer company stock, there are efforts they can take to mitigate a litigation or participant outcomes meltdown.
Extending Financial Wellness Into Retirement

How can employers ensure financial wellness programs create habits that carry into retirement and address employee concerns about the future?

Supreme Court Sides With Plaintiffs in Intel ERISA Challenge Testing 'Actual Knowledge'

Expert attorneys say the ruling is significant for a variety of reasons—not least because it expands the potential liability plan sponsors face in fiduciary breach lawsuits.

Uncertainty Remains After Supreme Court’s Intel Ruling

Sources debate whether electronic delivery of retirement plan disclosures could blunt some of the impact of the Supreme Court’s ruling in Intel vs. Sulyma.

IRS Announces 2020 Contribution and Benefit Limits

The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.

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

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