PLANSPONSOR Weekend Newsdash
Week ending August 4th, 2017
Happy Friday, PLANSPONSOR readers! In addition to readers’ most popular stories for the week, in this edition of PLANSPONSOR Weekend we will focus on plan design and administration. This includes tips for reducing participant retirement plan loans, as well as research about how plan sponsors are increasing participant engagement and about the benefits of using longevity annuities in defined contribution (DC) plans. In addition, a report cites reasons plan sponsors change recordkeepers and/or investment managers, and experts suggest retirement savings solutions for part-time employees. Have a great weekend!
Editor's choice
Plan Design, Education Can Help Limit Participant Loans
Educating retirement plan participants about the consequences of taking loans from their account balance, as well as a few plan design changes, can limit the amount of loans taken, IFEBP says.Read more >
Plan Sponsors Using Plan Design and Other Tools to Increase Employee Engagement
“Participant engagement growth has also been driven in part by employers making education more accessible with onsite meetings, webcasts and personal consultations,” Bank of America Merrill Lynch says.Read more >
Data and Research
Longevity Annuities Can Improve DC Plan Participant Retirement Wealth
Researchers first found that introducing a longevity income annuity into the DC plan investment menu is attractive to the majority of plan participants.Read more >
Data and Research
Investment Manager and Recordkeeper Changes Driven by Fees
The desire to reduce fees is the top reason DC plan sponsors cite for contemplating changes in investment managers and recordkeepers, a study finds.Read more >
Data and Research
Part-Time Workers Are Financially Vulnerable
As the nation moves more to a “gig” economy, the question becomes: How can we prepare part-time employees for a financially secure retirement?Read more >
2020 Recordkeeping Survey
DOL Offers Guidance for Locating Missing Participants

Guidance in three parts offers suggested processes for DC plans and DB plans and reveals errors DOL staff should look for.

Trustee Sued Over Retirement Plan Account Fraud

The lawsuit claims the trustee allowed an unauthorized person to take a distribution from a participant’s account and that the trustee is refusing to provide information to help remedy the situation.

Takeda Pharmaceuticals Faces ERISA Lawsuit Over TDF Suite in 401(k) Plan

The lawsuit says the target-date funds were selected for the plan despite having no performance history and, when they continued to underperform, they were not replaced with better options.

Pandemic Puts More Households at Risk in Retirement

The Center for Retirement Research says half of American households are at risk of not being able to live at pre-retirement standards of living in retirement.

Editorial: Alison Cooke Mintzer


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