PLANSPONSOR Weekend Newsdash
Week ending December 7th, 2018

Happy Friday, PLANSPONSOR readers! This week, we’re highlighting plan design and administration. The IRS has recently issued Notice 2018-91, including the Required Amendments (RA) list for 2018, for individually designed plans looking to uphold qualified plan status. The notice requires these plan sponsors to adopt any new item placed on the list by the end of the second calendar year in 2019. Next, we dive into how employers of small defined contribution (DC) plans can add similar plan design strategies compared to larger companies, and Willis Towers Watson outlines 10 action items catered to defined benefit (DB) plan sponsors for the new year. Additionally, Jana Steele of Callan makes an argument on why auto-portability is the new modern plan design, and we take a look at how certain plan design options can negatively impact participant outcomes. Have a great weekend! 

Editor's choice
No Entries in 2018 Required Amendments List
In general, the Required Amendments List includes statutory and administrative changes in qualification requirements for individually designed retirement plans that are first effective during the plan year in which the list is published. Read more >
Small Plans Can See Big Results
Sponsors of small DC plans are adopting creative strategies similar to larger plans Read more >
2019 Planning for DB Plan Sponsors
Willis Towers Watson offers 10 investment actions for DB plans in 2019. Read more >
Stakeholders Say Auto-Portability Complements Modern Plan Design
Jana Steele, senior vice president and researcher for Callan, says auto-portability is the next natural extension of highly successful plan design innovations from the past decade. Read more >
Some Plan Design Choices Could Undermine Participant Outcomes
Setting defaults too low, choosing the wrong default investment and offering company stock as an investment option could result in unintended consequences, BlackRock found. Read more >
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

Advertising: Paul Zampitella

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