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 >
2021 Target-Date Fund Survey
The DOL Has Begun Retirement Plan Cybersecurity Audits

Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance.

2020 Recordkeeping Survey
Differences Between Safe Harbor and Traditional DC Plans

The primary distinction is that sponsors can design safe harbor plans to avoid having to perform nondiscrimination and top-heavy testing.

Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the past.

Editorial: Alison Cooke Mintzer


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