PLANSPONSOR Weekend Newsdash
Week ending April 6th, 2018
Hello, PLANSPONSOR readers. This week’s edition of PLANSPONSOR Weekend focuses on plan design and administration. We covered news that private higher education plan sponsors in Virginia are moving to a new model for their 403(b) plans. Industry sources offer insights on maintaining a top notch call center and on enhancing retirement plan design beyond automatic plan features. Josh Cohen, head of defined contribution at PGIM, the investment management wing of Prudential Financial, offers strategies for boosting participant outcomes, and attorneys from Groom Law Group, Chartered, discuss out-of-bankruptcy distress terminations as an option for unaffordable pension plans.
Editor's choice
Administration
Private Higher Education 403(b) Plan Sponsors to Join MEP
Fourteen Virginia private colleges are planning to join a newly created multiple employer plan (MEP) with the expectation of reducing their administrative burdens and cutting costs while helping employees prepare for retirement.Read more >
Administration
Maintaining a Top Notch Call Center
Compliance concerns, lengthy wait times, incorrect information. These are only the more recognized complications when assessing call centers, so how can plan sponsors and providers offer dependable—and reliable—material to participants?Read more >
Administration
Retirement Program Designs of the Future: Beyond Automatic Plan Features
As retirement plan sponsors focus on increasing retirement income replacement ratios for participants and new generations enter the workforce, they need to look at enhancing their retirement programs so participant retirement goals are met.Read more >
Administration
PGIM DC Leader Urges Aggressive Plan Design, Sponsor Courage
Drawing insights from across the entire Prudential Financial organization, Josh Cohen, PGIM head of defined contribution, offers some sobering statistics about the performance of DC plans—as well as some strategies for broadly boosting plan performance and participant outcomes.Read more >
Industry Voices
Options for Unaffordable Pensions: Out-of-Bankruptcy Distress Terminations
A distress termination may be a viable option for financially challenged employers that need pension funding relief but want to avoid bankruptcy.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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