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week ending July 10th, 2020
Just as many of us may turn to our friends for advice, plan sponsors can often learn from their peers about how to address a plan or participant need. From improving participant engagement with the plan to creating an effective financial wellness program to helping participants with their student loan debt, PLANSPONSOR has shared stories of plan sponsors that are succeeding. In this edition of PLANSPONSOR Weekend, you will find some of those stories. If you are a plan sponsor with a story you think would help your peers, or you know of one, please reach out to us by emailing Judy Faust Hartnett at judy.hartnett@issmediasolutions.com. Wishing everyone a safe and happy weekend!
Editor's Choice
Plan Profile
A Digital Transformation
This plan sponsor turns up the volume on engagement.
Plan Profile
Time Is Money for Repaying Student Debt
A sponsor lets workers turn their PTO into loan payments
Plan Profile
Digital Engagement
A plan sponsor improves participant engagement via web tools.
Plan Profile
An Association Plan
A sponsor created an ARP for a chamber of commerce in Connecticut.
Plan Profile
A Route to Better Outcomes
This plan sponsor focuses on participant wellness.
Plan Profile
Family-Owned and -Run
A plan sponsor provides a personal touch, plus varied education.
Plan Profile
Student Loan Repayments
A plan sponsor offers a benefit that helps ease financial stress.
Popular Reads
Compliance
New Financial Audit Rule Increases Requirements for Plan Sponsors
Plan sponsors will be required to provide much more data, as well as certifications about plan administration and governance, and limited-scope audits will no longer be so limited.
Research
2021 Recordkeeping Survey
Compliance
DOL Proposes New Rule on ESG Investing in Retirement Plans
The agency says the proposal seeks to emphasize that climate change and other ESG factors can be financially material and that considering these elements can lead to better long-term risk-adjusted returns.
Compliance
New Complaint Targets TIAA’s Managed Account Rollovers
Earlier this year, the firm settled similar charges from the SEC and the New York attorney general accusing it of making inaccurate and misleading statements to rollover clients.
Benefits
Government Announces 5.9% Social Security Boost in 2022
Many millions of Americans drawing core Social Security benefits and Supplemental Security Income payments will see their benefits grow substantially next year.
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