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 >
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