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
Reasons Exist to Turn a Cold Shoulder to Company Stock in DC Plans
However, if plan sponsors choose to offer company stock, there are efforts they can take to mitigate a litigation or participant outcomes meltdown.
Extending Financial Wellness Into Retirement

How can employers ensure financial wellness programs create habits that carry into retirement and address employee concerns about the future?

Supreme Court Sides With Plaintiffs in Intel ERISA Challenge Testing 'Actual Knowledge'

Expert attorneys say the ruling is significant for a variety of reasons—not least because it expands the potential liability plan sponsors face in fiduciary breach lawsuits.

Uncertainty Remains After Supreme Court’s Intel Ruling

Sources debate whether electronic delivery of retirement plan disclosures could blunt some of the impact of the Supreme Court’s ruling in Intel vs. Sulyma.

IRS Announces 2020 Contribution and Benefit Limits

The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.

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

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