PLANSPONSOR Weekend Newsdash
Week ending December 16th, 2016
Happy Friday, PLANSPONSOR readers! This week, the ICI challenged the common belief that we are past a “Golden Age” for pensions. Its research found that the share of retirees with private pension income has more than doubled since 1975. The IRS released a required amendment list for qualified plans, and the Segal Group released a calendar tracking vital compliance deadlines for plan sponsors. In addition, new studies reveal investor preferences for plan communication and the issues holding them back from contributing more to their retirement accounts.
Editor's choice
Benefits
Retirement Income From Pensions More Prevalent Over Time
An ICI report found that in 1975, when nearly 90% of private-sector pension plan participants were covered by DB plans, only 21% of retirees received any income from the plans.Read more >
Compliance
IRS Releases Required Amendments List for Qualified Plans
An earlier revenue procedure eliminating the five-year remedial amendment cycle stated that the IRS intended to annually provide a list of required amendments.
Read more >
Products
Segal Group Publishes Calendars to Highlight Requirements and Disclosures
Both calendars track vital compliance deadlines for plan sponsors and can be viewed via interactive webpages, apps and PDFs.Read more >
Administration
Improved Retirement Plan Communication Can Boost Confidence
DC plan participants are not very confident about saving enough for retirement, and providers are recognizing ways to boost website and digital communications to address this, a study finds.Read more >
Data and Research
Retirement Savings May Take a Back Seat in 2017
Major anxiety over lack of savings, and other financial obligations may take precedent over retirement savings, a survey suggests.Read more >
MOST POPULAR STORIES
SECURE Act 2.0 Passed Unanimously by Ways and Means Committee

A rare unanimous affirmative voice vote by the Ways and Means Committee allows the SECURE Act 2.0 to be considered by the full House of Representatives.

2020 Recordkeeping Survey
Health Care Costs in Retirement Remain a Top Stressor

Fidelity’s latest analysis shows people often underestimate the potential cost of health care in retirement, even after two decades of watching health care costs increase year-over-year.

Building Inclusivity Into Employee Benefits

While it’s a crucial step, experts say promoting an inclusive workplace entails more than offering benefits to different employee demographics. 

Forces Come Together to Make PRTs More Attractive

Increased funded status for DB plans and rising interest rates make now a good time for plan sponsors to consider implementing pension risk transfer transactions.

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

Advertising: advertise@strategic-i.com

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