PLANSPONSOR Weekend Newsdash
Week ending January 12th, 2018
Happy Friday, PLANSPONSOR readers! This week we focus on financial wellness and participant communications. Among items reported, researchers suggest debt management should be factored into any retirement security policy; in a Prudential/PLANSPONSOR survey of nonqualified deferred compensation (NQDC) plan sponsors, a top change respondents are planning to make is with plan education and communication programs; and Callan Associates suggests a repositioning of communications to participants about managed accounts. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Data and Research
Debt Management Should Be a Factor in Retirement Security Policy
According to a National Bureau of Economic Research (NBER) working paper, researchers found it is not just the value of debt for people on the verge of retirement that has increased over time, but the proportion of debt to assets as well.Read more >
Data and Research
Few NQDC Plan Sponsors to Make Plan Changes
Among the few that are, the majority cited additions or enhancements to plan education and communication programs, investment crediting options and distribution options.Read more >
Participants
Public Pension Fund Members Largely Unaware of Underfunding
Public pension fund members surveyed expressed interest in more transparency about pension fund investments and investment returns.Read more >
Data and Research
Interest in Retirement Advice Increases Wtih Age, Account Balance, Contributions
TIAA also discovered that participants with web access are twice as likely to seek out advice as those without web access.Read more >
Investing
Presenting Managed Accounts as a Service Could Reduce Apprehensions
Cerulli Associates suggests that if retirement plan sponsors position managed accounts as a valued service it could alleviate concerns about costs.Read more >
MOST POPULAR STORIES
DOL Offers Guidance for Locating Missing Participants

Guidance in three parts offers suggested processes for DC plans and DB plans and reveals errors DOL staff should look for.

2020 Recordkeeping Survey
The Mechanics of Moving to a PEP
With a lack of regulatory guidance, plan sponsors can rely on certain existing rules to know the steps to take if they decide to move from a single-employer plan to a pooled employer plan.
Deciding Whether an Annuity Is Right for Your Plan Participants
Plan sponsors should look at participant needs to determine whether annuities would be a fit for their plan and, if so, which types of annuities meet those needs.
Marty Walsh Will Be Nominated as Secretary of Labor

Apart from potentially reversing course on fiduciary rule-related regulations, there are many other areas where sources suggest the next DOL Secretary could drive significant changes.

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

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