PLANSPONSOR Weekend Newsdash
Week ending August 3rd, 2018
For retirement plan sponsors wanting knowledge and tips about the design and administration of their plans, court opinions often offer details. For those fearing participant lawsuits when contemplating a plan design change, it is helpful to know what constitutes a settlor decision versus what constitutes a fiduciary decision. Plan sponsors often do what they think is right even with a lack of regulator guidance or lack of engagement from participants. Most are doing the best they can to provide a plan design that is most helpful to participants and to stay in compliance with rules, laws and regulations when administering their plans. This edition of PLANSPONSOR Weekend focuses on plan design and administration.
Editor's choice
NYU Claims Victory in 403(b) Plans Lawsuit
In the first university 403(b) plans case to go to trial, a federal judge includes in her opinion all prudent processes the plan sponsor engaged in when considering providers, fees and investments.Read more >
Independent Contractors’ ERISA Lawsuit Fails to State Actionable Claim
The dispositive question is not whether the claimants were employees but whether, considering them as employees, they were eligible to participate in an ERISA plan according to the specific terms of the plan under consideration.Read more >
Plan Sponsors Shouldn’t Fear Making Settlor Decisions
Retirement plan sponsors often fear participant backlash when making decisions that could actually help improve participant outcomes, but the law is on their side, as plan amendments are considered settlor functions.Read more >
Missing Inaction
What are the rules for locating missing retirement plan participants and what should plan sponsors do when they’re found?Read more >
Data and Research
Simpler Retirement Plan Communications Make No Difference in Employee Decisions
In conclusion, an IZA Institute of Labor Economics study found, “the data do not support the idea that presenting optional 401(k) plan information in a simpler, more compact way will improve employees’ retirement planning choices. However, we did find that financial literacy was positively associated with better choices.”Read more >
Hardship Withdrawal Safe Harbor Covers Tuition, But Not Loan Repayments
Plans which permit non-safe harbor hardship distributions could theoretically approve a participant’s hardship distribution request for the repayment of student loans, but those relying on the safe harbor cannot.Read more >
2021 DC Plan Benchmarking Survey
Working Past Age 65 May Seem Like a Great Idea …

… but the prospects may vary, based on education, race and gender, says CRR.

2022 Retirement Industry Trends to Follow

As the retirement plan industry looks ahead to the coming year, financial wellness is increasingly seen as a critical solution to help workers and retirees meet their goals.

IRS Announces 2022 Retirement Plan Contribution and Benefit Limits

Most defined contribution plan participants can defer up to $20,500 to plans in 2022.

TRIVIAL PURSUITS: Residents of the Island of Misfit Toys
December 17, 2013 ( – Who/what were the residents on the Island of Misfit Toys in “Rudolf the Red-Nosed Reindeer?”

Editorial: Alison Cooke Mintzer


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