PLANSPONSOR Weekend Newsdash
Week ending April 28th, 2017
Happy weekend, PLANSPONSOR readers! We finally have a new Labor Department Secretary, which may provide some clarity about the fiduciary rule implementation. In other news, the Internal Revenue Service (IRS) has clarified a piece of calculations for additional loan amounts to participants, and an analysis shows that using proposed IRS mortality table assumptions could cost defined benefit (DB) plan sponsors more. Plan sponsors are showing concerns about using while labeled funds in their investment lineups, and a study found Millennials are the most cost-conscious health plan participants. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice
Labor Secretary Confirmation Could Bring Fiduciary Clarity
The U.S. Senate has quietly approved President Trump’s Secretary of Labor nominee, Alexander Acosta. Acosta, working with whomever is named to fill the role of head of the Employee Benefits Security Administration (EBSA), will oversee the implementation of the Department of Labor (DOL) fiduciary rule reforms championed by the Obama White House. Numerous attorneys, executives and analysts have told PLANSPONSOR they have been very eager to get to this point; without a Labor Secretary in place there has been a lack of clarity from within the DOL as to what the future of the rulemaking might be.Read more >
IRS Clarifies Computation of Plan Loans Available to Participants
A memorandum suggests there are two ways an employer can determine the highest outstanding loan balance in the past year when calculating the amount of an additional loan a participant can take from her defined contribution (DC) plan.Read more >
Proposed Mortality Assumptions Will Increase DB Plan Costs
The Society of Actuaries estimates an increase in funding target liabilities, Pension Benefit Guaranty Corporation (PBGC) premiums and minimum required contributions.Read more >
Plan Sponsors Show Concerns About Using White Labeled Funds
Plan sponsors participating in a recent PLANSPONSOR forum especially expressed concerns about transparency issues.Read more >
Millennials Most Cost-Conscious Health Plan Participants
For example, Millennials are more likely than the other generational cohorts to say they tried to find the cost of health care services before getting care.Read more >
Share the news with a friend! Pass PLANSPONSOR Weekend along—and tell your friends/associates they can sign up for their own copy.Read more >
The Growing Interest in Guaranteed Income Options

As employers begin to question the effectiveness of target-date funds as a retirement spending vehicle, interest in guaranteed lifetime income has grown.

TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

2022 Plan Sponsor of the Year
PLANSPONSOR is pleased to announce the 2022 Plan Sponsor of the Year finalists.
2021 Recordkeeping Survey
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Some states are in more than one time zone.

Editorial: Alison Cooke Mintzer


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