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
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage

Among other things, the RISE Act would encourage retirement savings by allowing plan sponsors to offer small financial incentives to motivate employee participation.

Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income

Eighty-one percent of respondents to a survey indicate they are at least somewhat likely to prefer a retirement plan that substitutes guaranteed income for safe investments such as bonds.

TRIVIAL PURSUITS: Residents of the Island of Misfit Toys
December 17, 2013 (PLANSPONSOR.com) – Who/what were the residents on the Island of Misfit Toys in “Rudolf the Red-Nosed Reindeer?”
2021 Recordkeeping Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?

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

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