PLANSPONSOR Weekend Newsdash
Week ending December 14th, 2018

Happy Friday! This week we’ll be talking about financial wellness and participant education. Benefits consulting firm Buck explains how financially and physically fit employees can improve the workplace environment, job satisfaction and employee retention in a recent survey conducted with over 250 employees. Next, discover the recent trends to heighten your plan design. MediKeeper says plan sponsors who stay up-to-date with these trends remain relevant in the always competitive industry. Also, an Employee Benefit Research Institute (EBRI) report discloses the challenges employers face when offering financial wellness features; Corporate Insight reports many employees do not have employer-sponsored financial wellness programs, but believe their employer should offer one; and  UnidosUS and the National Institute of Retirement Security discuss the lack of retirement readiness with Latino workers. All this and more on this edition of PLANSPONSOR Weekend.

Editor's choice
Benefits
Wellness Programs That Combine Health and Finance Seen as Essential
Findings in a Buck survey demonstrate that a failure to creatively invest in employee wellness can result in many adverse consequences for the success and sustainability of a business. Read more >
Benefits
Tips for Improving Employee Wellness Programs
MediKeeper suggests using available data to better personalize programs, using social interaction to encourage wellness program participation and making virtual programs available to reach more of the workforce. Read more >
Benefits
Most Employers Don’t Consider Their Financial Wellness Programs ‘Holistic’
Employers surveyed by the Employee Benefit Research Institute (EBRI) noted that they face many challenges in offering financial wellness initiatives. Read more >
Data and Research
Reported Lack of Knowledge Indicates Need for More Financial Wellness Programs
Of the 1,544 employees surveyed by Corporate Insight, a mere 221 (or 14%) indicated that their employer offers programs or resources to help improve financial well-being. Read more >
Data and Research
Part-Time Plan Eligibility Would Benefit Latino Workers
In addition, state-backed retirement savings plans can assist with providing quality savings opportunities to working Latinos who are not covered by an employer-sponsored retirement plan. Read more >
MOST POPULAR STORIES
J.P. Morgan Agrees to Settle Stable Value Funds Suit

The firm has agreed to pay $75 million to settle litigation brought by multiple retirement plan participants alleging J.P. Morgan invested its stable value funds in risky assets.

Individuals, Employers and Government All Play a Part in Retirement Readiness

A new research report and Catherine Collinson, with Transamerica Center for Retirement Studies, lay out steps all three can take to improve retirement confidence and readiness in America.

Participant Loans: A Fiduciary Storm Brewing?
Bruce Ashton, with Drinker Biddle & Reath, discusses the fiduciary risk defined contribution (DC) plan sponsors could face when participants default on plan loans.
What to Know About Financial Audits Filed with Form 5500s
Plan sponsors required to file a financial audit along with their Form 5500 should know how regulators use the information and how to pick the best auditor.
Driving Cybersecurity with Participants and Providers
Plan sponsors should evaluate providers’ cybersecurity practices, but there are also steps they and plan participants can take to safeguard retirement accounts.

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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