PLANSPONSOR Weekend Newsdash
Week ending August 11th, 2017
Hello, PLANSPONSOR readers! This week’s focus is on financial wellness and participant education. A new FAQ from the Department of Labor (DOL) clarifies whether encouraging participation/savings in a retirement plan triggers fiduciary status. Providers reveal that their call center staff is trained to educate defined contribution plan participants about the implications of and alternatives to taking a hardship withdrawal. SIFMA commissioned a study that showed advisers have reduced access to retirement advice and products due to the DOL’s fiduciary rule. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice
Administration
Providers, Call Centers Strive to Educate Against Hardship Withdrawals
This time of year is a peak time for hardship withdrawal requests, providers say, and call center staff and provider websites can help educate participants about implications and other options.Read more >
Compliance
Study Suggests Fiduciary Rule Will Hurt Retirement Investors
Along with its comment letter to the Department of Labor, SIFMA sent study results that showed advisers have reduced access to retirement advice and products.Read more >
Magazine
Wellness Programs: Untangling the Various Options
As financial wellness be­comes a buzz-term, there is a lack of consensus on what such a program entails.Read more >
Magazine
Meeting Participant Goals
A hospitality industry plan sponsor introduces one-on-ones with HR to increase participation.Read more >
Data and Research
Women Require More Financial Planning Help
Only 33% of women surveyed said they are extremely knowledgeable about retirement income planning.Read more >
MOST POPULAR STORIES
2020 Best in Class 401(k) Plans
PLANSPONSOR is pleased to announce the sixth “class” of companies winning the Best in Class 401(k) Plan designation.
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?

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.
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.

Friday Files - February 21, 2020

Now it's time for some FRIDAY FUN!

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

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