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 >
AT&T Sued Over Calculation of Early Retirement Benefits

The plaintiffs say the plan’s terms reduce benefits using “Early Retirement Factors” and “Joint and Survivor Annuity Factors” which result in plan participants receiving less than the actuarial equivalent of their vested accrued benefit, as required by ERISA.

Congressional Leaders Want SECURE Act Passage in 2019

Based on the conversations industry advocates are having in Washington, none of the leadership in the Senate or the House opposes passage of the SECURE Act.

New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans

A former 401(k) plan participant is suing the plan sponsor and plan providers after unauthorized distributions were made from her account.

IRS Releases 2019-2020 Priority Guidance Plan

The IRS invites public comments and suggestions about guidance.

DC Plans 3.0 Will Really be Tailored to Individual Situations

Bob Collie, head of research at the Thinking Ahead Institute, tells PLANSPONSOR version 3.0 will be customized by “hyper-customization and integrated whole-of-life wealth management” that takes into account all of a person’s savings.

Editorial: Alison Cooke Mintzer


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