PLANSPONSOR Weekend Newsdash
Week ending December 8th, 2017
Hello, PLANSPONSOR readers! This week our focus is on financial wellness and participant education. Nathan Voris, with Schwab Retirement Plan Services, shares how to create an engagement strategy that addresses those employees who feel they can’t save for retirement, and George Lambert, with LearnVest, discusses what to look for in a financial wellness program provider. Surveys find that retirement plan communications are going digital, employees with employee stock purchase plans (ESPPs) are using these plans to help with financial wellness, and workers’ financial stress costs employers with 10,000 workers $3.3 million a year in lost productivity. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Industry Voices
When Creating a 401(k) Engagement Strategy, Don’t Forget Those Outside the Plan
Many current 401(k) engagement strategies ignore those employees who would like to save in a 401(k) but feel as though they can’t, suggests Nathan Voris, managing director, business strategy, Schwab Retirement Plan Services.Read more >
Administration
Retirement Plan Communications and Planning Going Digital
Employer-sponsored retirement plan providers are increasing digital offerings, but participants may need prompting to use these tools.Read more >
Data and Research
Company Stock Outside of 401(k) Can Help With Financial Wellness
Employees say they use company stock acquired through their employee stock purchase plan (ESPP) to help pay down debt, add to their retirement savings, finance real estate or home improvement projects, or simply set aside for a rainy day.Read more >
Data and Research
Financial Wellness Programs Critical to Avoid Lost Productivity
PwC says there is a great need for financial wellness programs, as 53% of employees feel financially stressed, and this costs employers with 10,000 workers $3.3 million a year in lost productivity.Read more >
Video
What to Look for in a Financial Wellness Provider
George Lambert, with Learnvest, discusses what to look for in a financial wellness provider.Read more >
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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
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.

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. 

DC Plan Participants Need More Than Jargon

The way people view and define retirement has undergone a significant philosophical change in recent years, creating a clear and present need to update the defined contribution plan lexicon.

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

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