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 >

Administration

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 >

Benefits

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 >

MOST POPULAR STORIES

House Committee Advances Bill to Establish Union Pension Lifeline Program

The legislation aims to establish a 30-year loan program and new financial assistance for financially troubled multiemployer pension plans.

The Senate Math That Could Block SECURE Act

Senate floor time is at a premium ahead of the 2020 presidential election—so much so that even legislation that passed the House with a near-unanimous bipartisan vote is not guaranteed to become law.

Adidas Sued Over Excessive Fees for 401(k) Participants

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.

Open MEPs Not for Every Plan Sponsor

If legislation passes to allow for open multiple employer plans (MEPs) for plan sponsors without a common nexus, experts believe they will offer benefits to plan sponsors, but there would be some considerations to explore before joining one.

(b)lines Ask the Experts – Proper Delivery Method for SPDs

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.

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

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

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