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
Adidas Sued Over Excessive Fees for 401(k) Participants

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.

(b)lines Ask the Experts – Proper Delivery Method for SPDs
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
Yale Sued Over Wellness Program ‘Penalty’

The lawsuit says the so-called “incentive” Yale offers for participating in the wellness program are in fact a “penalty” that violates non-participants’ right, and it notes that the Equal Employment Opportunity Commission (EEOC) withdrew the incentive portions of its wellness program rules.

Employees in Two States Miss Out on One HSA Benefit
Is this impacting health savings account (HSA) participation?
Some Help for Women’s Retirement Savings Gap May Be Coming

Some legislative proposals, such as the SECURE Act, may address challenges to retirement income adequacy women face, but there are also things retirement plan sponsors can do.

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

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

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