PLANSPONSOR Weekend Newsdash
Week ending February 23rd, 2018

Hello, PLANSPONSOR readers! In this week’s roundup, we focus on defined benefit (DB) plans. While the most recent market volatility caught many investors off guard, a survey finds institutional investors have been anticipating it and diversifying portfolios accordingly. LPL researchers offer suggestions for managing interest rate risks, and the Segal Group warns pension plan sponsors to not be fooled about headlines regarding mortality. A court of appeals affirmed that state slayer laws apply to pension benefits when the beneficiary is the person who caused a plan participant to die. And, a bill proposed in California would allow state workers to opt out of the state’s DB plan into a defined contribution (DC) plan. Enjoy this edition of PLANSPONSOR Weekend!

Editor's choice
Investing
Institutional Investors Were Prepared for Market Volatility
Investors surveyed by Natixis cited strategies they’ve been using to diversify their portfolios. Read more >
Investing
LPL Financial Researchers Weigh In on Managing Interest Rate Risk
“The takeaway is critical: it pays to remain patient,” the researchers wrote. Read more >
Administration
Segal Group Warns DB Plan Sponsors Not to Stray From Mortality Assumptions
Although the latest report from the National Center for Health Statistics (NCHS) show life expectancy at birth declined, mortality rates for the older population continue to support projections of longer life expectancy, The Segal Group notes. Read more >
Compliance
ERISA Does Not Preempt State ‘Slayer’ Laws
Citing other courts, an appellate court agreed that “Congress could not have intended [the Employee Retirement Income Security Act] ERISA to allow one spouse to recover benefits after intentionally killing the other spouse.” Read more >
Compliance
California Proposal Seeks Shift from Public DB to DC
California State Senator Steve Glazer, who serves the state’s 7th senate district, introduced a bill earlier this month to allow new state employees the option of opting out of pension plan benefits and instead choose a “self-directed and portable retirement plan.” Read more >
MOST POPULAR STORIES
(b)lines Ask the Experts – Must Plans Adopt Budget Act New Hardship Withdrawal Rules?
“I am aware from a prior Ask the Experts column that the Bipartisan Budget Act of 2018 made some changes to the hardship distribution rules?
Retirement Industry People Moves

Industry expert replaces BPAS SVP of Fiduciary Services; USI Consulting employs VP of Retirement Services; Cafaro Greenleaf announces addition of investment analyst; and more.

Financial Wellness Programs May Not Be Right for All Companies

Among employers that do not offer a financial wellness program, reasons cited in a survey were: have not thought about it, need more resources to execute, need to focus on other organization priorities, do not perceive any financial benefits, and do not want to get involved in employees’ personal finances.

House Committee Contemplates Bill That Would Reduce Employer Health Benefit Costs

Also being considered is legislation for expanding benefits of HSAs.

HSA Amendment Bills Moved to U.S. House

Among the bills approved by the House Ways and Means Committee is one that would qualify significantly more health treatments, services and over-the-counter drugs for HSA spending.

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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