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
EARN Act Clears Senate Finance Committee

For the second time in a little more than a week, a key Senate committee has advanced an important piece of retirement plan reform legislation for a vote by the full chamber.

2021 Recordkeeping Survey
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit

The defendant in the case, CommonSpirit Health, was accused of committing fiduciary breaches in the provision of an active target-date fund suit—allegations rejected both in district court and on appeal.

TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Some states are in more than one time zone.
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

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

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