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
(b)lines Ask the Experts – Must Plans Adopt Budget Act New Hardship Withdrawal Rules?
“I am aware from a prior Ask the Experts column that the Bipartisan Budget Act of 2018 made some changes to the hardship distribution rules?
Retirement Industry People Moves

Industry expert replaces BPAS SVP of Fiduciary Services; USI Consulting employs VP of Retirement Services; Cafaro Greenleaf announces addition of investment analyst; and more.

House Committee Contemplates Bill That Would Reduce Employer Health Benefit Costs

Also being considered is legislation for expanding benefits of HSAs.

HSA Amendment Bills Moved to U.S. House

Among the bills approved by the House Ways and Means Committee is one that would qualify significantly more health treatments, services and over-the-counter drugs for HSA spending.

District Court Upholds Use of Segal Blend to Calculate Multiemployer Pension Liability

Commenting on the decision, Segal Consulting says it is “consistent with every other decision handed down in similar cases except for one,” the Southern District of New York Court’s decision in The New York Times Company v. Newspaper and Mail Deliverers’-Publishers’ Pension Fund, which is being appealed.

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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