PLANSPONSOR Weekend Newsdash
Week ending January 26th, 2018

This week’s focus for PLANSPONSOR Weekend is defined benefit (DB) plans. Reports show that 2017 was a good year for both corporate and public DB plan funding. Incorporation of environmental, social, and governance (ESG) factors into the investment decision-making process among institutional investors has leveled off, but it’s not for lack of interest, according to Callan. The Pension Benefit Guaranty Corporation (PBGC) has adjusted maximum penalties for failure to provide DB plan information, but the agency says it is uncommon for it to assess information penalties. And, we revisit the thoughts of Verizon retirees years after a court ruled the transfer of their benefits to an insurance company was not a fiduciary violation. Have a wonderful weekend!

Editor's choice
Administration
Markets Push Pension Funded Status Higher in 2017
Most firms that track DB plan funded status estimated between 1% to 3% improvement for the year. Read more >
Administration
Public Pensions Produced Solid Returns in 2017
In 2017, public pensions managed to raise the market value of fund assets above the actuarial value of assets, the National Conference on Public Employee Retirement Systems (NCPERS) found in a survey. Furthermore, the one-year, five-year and 20-year investment returns are near or above investment assumptions. Read more >
Administration
Verizon Pensioners Still Want to Recoup ERISA Protections
In a new conversation with Jack Cohen, Association of BellTel Retirees chairman, he says they are still concerned with trying to recoup at least some of the protections that they had under the Employee Retirement Income Security Act (ERISA) and that his association and others warned the Pension Benefit Guaranty Corporation (PBGC) that risk transfers would harm the insurance system. Read more >
Compliance
PBGC Adjusts Penalties for Failure to Provide Information
The Pension Benefit Guaranty Corporation (PBGC) is required to adjust these amounts annually for inflation, but the agency says its goal is to encourage compliance, not to penalize plans that inadvertently forget to file information. Read more >
Investing
Incorporation of ESG Factors Into Institutional Investor Decisions Leveled Off
Adoption rates of environmental, social, and governance (ESG) factors into the investment decision-making process among institutional investors has leveled off, according to the Callan 2017 ESG survey. Callan says this is partly due to multiple years of investor education around ESG coming to fruition. Read more >
MOST POPULAR STORIES
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.

(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.
Yale Sued Over Wellness Program ‘Penalty’

The lawsuit says the so-called “incentive” Yale offers for participating in the wellness program are in fact a “penalty” that violates non-participants’ right, and it notes that the Equal Employment Opportunity Commission (EEOC) withdrew the incentive portions of its wellness program rules.

Employees in Two States Miss Out on One HSA Benefit
Is this impacting health savings account (HSA) participation?
Some Help for Women’s Retirement Savings Gap May Be Coming

Some legislative proposals, such as the SECURE Act, may address challenges to retirement income adequacy women face, but there are also things retirement plan sponsors can do.

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

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

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