Week ending April 21st, 2017

Hello, PLANSPONSOR readers! Despite news reports of struggling retirees, this week, the Investment Company Institute found they have adequate income replacement. But, research from Morningstar shows those of us not yet retired need nudges to improve savings. Retirement plan consultants make recommendations for defined contribution (DC) plan investment lineups, while research from Pew reveals defined benefit (DB) plans’ move to alternative investments actually results in more volatility. Also, time is running out for those plan sponsors with individually designed plans who want to adopt a pre-approved plan now that the Internal Revenue Service (IRS) determination letter program has changed. Enjoy your weekend!

Editor's choice

Data and Research

ICI Measures Adequate Income Replacement

Research findings show Social Security benefits and retirement income from employer-sponsored retirement plans, annuities, and IRAs together provide substantial income for U.S. retirees.Read more >

Administration

Participants Must Be ‘Nudged’ Toward Higher Savings Rates

New research by Morningstar suggests plan sponsors may benefit from increasing default savings rates, relying on opt-out auto escalation features, and stretching the employer match.Read more >

Investing

Target-Date Fund Reviews a Top Priority for Plan Sponsors

Consultants responding to a PIMCO survey make recommendations for defined contribution (DC) plan investment lineups.Read more >

Investing

Public Pension Shift to Alternatives Results in More Volatility

Data from Pew does not reveal a best or one-size-fits-all approach to successful investing, but there is a uniform need for full disclosure on investment performance and fees.Read more >

Compliance

DC Plan Sponsors Have Until May 1 to Adopt Pre-Approved Plan

Plan sponsors with individually designed plan documents may want to adopt a pre-approved plan since the end of the IRS determination letter program.Read more >

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MOST POPULAR STORIES

Getting SECURE Act’s Lifetime Income Provisions Right

Industry sources agree pains must be taken to ensure mandatory lifetime income projections to participants are accurate and contextual education is provided.

Getting Ready to Include Part-Time Employees in Retirement Plans

401(k) plan sponsors need to understand all the parts of the new requirement and, for some, the long-term effects on plan administration.

Roth is Not Just a Young Man’s Game

Erica K. Johnson, BOK Financial, discusses why Roth retirement plan contributions may be beneficial to a wider group of employees than previously thought.

Remembering the Basics of Fiduciary Duties

What ERISA retirement plan sponsors should know about their responsibilities as they make plan decisions or even outsource decisions to others.

SECURE Act Demands Updates to Rollover Notices

For example, language should be inserted to reflect that the age for taking required minimum distributions (RMDs) has been increased to 72.

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

Advertising: advertise@strategic-i.com

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