PLANSPONSOR Weekend Newsdash
Week ending February 2nd, 2018

Happy Friday, PLANSPONSOR readers! This week we focus on plan design and administration. Mercer has offered a list of what it says are key priorities for defined benefit (DB) plans in 2018. An analysis from Empower offers ideas for what plan sponsors can do to increase savings, while a survey of employees offers insights on tools and plan design defined contribution (DC) plan sponsors can offer to create more retirement confidence. Sibson Consulting suggests ways to measure participants’ retirement readiness, while industry sources weigh in on the education plan sponsors need to give participants to help them with a retirement draw down strategy. Enjoy this edition of PLANSPONSOR Weekend!

Editor's choice
Tax Reform Makes Pension Pre-Funding More Compelling
Mercer offers its list of key priorities for defined benefit (DB) plan sponsors for 2018. Read more >
Data and Research
Empower Draws Participant Engagement With Estimated Retirement Income
An analysis from Empower finds seeing monthly income in retirement, knowing retirement health care costs and comparing themselves to how peers are doing are great motivators for retirement plan participants to save more. Read more >
Data and Research
Study Offers Suggestions for Improving Americans’ Retirement Confidence
“Eighty-six percent of employees say that if their employer improved benefits or added access to an investment plan, it would have a positive impact on them at work, resulting in higher job satisfaction and greater commitment to the organization,” Mercer says. Read more >
Sibson Suggests How to Measure Employee Retirement Readiness
Sibson suggests that employers consider one or more of the following three metrics: replacement ratio, wealth accumulation target and retirement readiness grade. Read more >
A Retirement Draw Down Strategy Starts With Education
Plan sponsors need to give participants the education and tools they need to develop a strategy for spending assets in retirement. 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.

SECURE Act Passes House, Bringing Calls for Senate Collaboration

Reflecting on the much-anticipated House vote, Kevin Walsh, principal with Groom Law Group, said today is an important day for the retirement industry, but it’s not the end of the story.

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.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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