PLANSPONSOR Weekend Newsdash
Week ending August 30th, 2019
Legislation, regulations and industry trends help retirement plan sponsors in designing their plans. However, even the most well-intentioned plan designs may have unintended consequences. And, if participants don’t understand how retirement plans work, it could adversely affect their savings behaviors. In this edition of PLANSPONSOR Weekend, we share 10 key design principles for defined contribution (DC) plan sponsors. For defined benefit (DB) plan sponsors, there are strategies to reduce Pension Benefit Guaranty Corporation (PBGC) premiums. And for public DB plan sponsors, a case study from Maine reveals how to turn around a troubled public pension system. Have a wonderful holiday weekend!
Editor's choice
Administration
Plan Sponsors Should Watch for Unintended Consequences of Defaults
A research paper warns that changing to a default fund that is preferred by more employees may lead people to be less well-prepared for retirement.Read more >
Administration
Misunderstanding Retirement Plans Affects Participant Savings Behavior
Research reports find a large proportion of employees don’t understand their retirement benefits—with some not even realizing they are participating—and better communication is needed to help participants take the best savings actions.Read more >
Administration
A New Way of Thinking About Retirement ‘Plans’
Mike Sasso, with Portfolio Evaluations, and a professor at Boston University, explained a new way of thinking to get plan sponsors to focus on retirement income for participants.Read more >
Administration
Pragmatic Strategies to Reduce PBGC Premiums This Year
Pension plan sponsors have taken various actions to reduce their PBGC premiums in the last year, resulting in a decline in premiums paid in 2018 of $1.2 billion.Read more >
Administration
MainePERS Has Some Suggestions for Struggling Public Pensions
The plan’s history offers a case study for how to turn around a troubled public pension system after years of neglect; the system at one point was no better than 20% funded.Read more >
MOST POPULAR STORIES
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.

Social Security Administration Announced COLA for 2020

Employees not only need basic education, but they need to know how to include Social Security in their retirement income strategy.

Updating TDFs to Provide Better Retirement Income

Three ideas for a qualified default investment alternative (QDIA) design that will better serve participants ready to retire.

IRS Announces Contribution and Benefit Limits for 2019

The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000.

Plan Participants Have Their Own Responsibilities for Cybersecurity
There are common and advanced approaches retirement plan participants can take to derail data breaches and retirement account fraud.

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

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