PLANSPONSOR Weekend Newsdash
Week ending January 18th, 2019
Planning for retirement isn’t just about saving. Saving is important, and addressing financial wellness, such as getting a handle on debt, can help retirement plan participants increase their savings. But, participants also need to understand their risks in retirement—investment returns, inflation, longevity, health care costs, unexpected expenses. Plan sponsors can play an important role in educating participants about these risks. In this edition of PLANSPONSOR Weekend, we highlight articles pertaining to retirement planning.
Editor's choice
Data and Research
Employers Developing Strategies to Manage Employee Retirement Timing
Employers have a dual concern about losing skilled workers and increasing benefit costs from employees who retire too late.Read more >
Data and Research
Most Retirement Risk Concerns Decrease With Age
The Society of Actuaries says individuals must first understand all the risks related to retirement so they can take steps to manage them.Read more >
Data and Research
Employees Not Realizing the Importance of Debt Control in Retirement Planning
Although a majority of workers thought workplace financial well-being programs would be either very or somewhat helpful in better preparing or saving for retirement, fewer than half of workers thought debt counseling or budgeting help would be helpful, the Employee Benefit Research Institute (EBRI) found.Read more >
Retirement Planning Isn’t Just About Saving
Industry sources remind plan sponsors that education should include all factors in the realm of retirement planning.Read more >
Data and Research
Retirement Savers Need to Be Prepared for Taxes in Retirement
Fifty-two percent of pre-retirees surveyed by the Nationwide Retirement Institute wish they better understood how their income in retirement will be taxed.Read more >
4% Rule Not a Reliable Retirement Income Withdrawal Strategy for All People
A retiree’s investment portfolio is a large factor in determining an optimal, safe withdrawal rate in retirement, but longevity, expected spending and whether guaranteed retirement income is available plays a part as well.Read more >
2021 Target-Date Fund Survey
The DOL Has Begun Retirement Plan Cybersecurity Audits

Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance.

2020 Recordkeeping Survey
Differences Between Safe Harbor and Traditional DC Plans

The primary distinction is that sponsors can design safe harbor plans to avoid having to perform nondiscrimination and top-heavy testing.

Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the past.

Editorial: Alison Cooke Mintzer


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