PLANSPONSOR Weekend Newsdash
Week ending July 20th, 2018

At PLANSPONSOR, our focus is to give plan sponsors all the information they need to fulfill their duties with respect to retirement plans. However, we recognize that other benefits intersect with the retirement plan benefit. For example, health benefits are costly to employers and often compete with retirement plans in employer budgets. In addition, health savings accounts (HSAs) are now being touted as a way to save and invest for retirement health care costs. Financial wellness programs and student loan repayment benefits can help employees manage current financial issues in order to save for retirement. Equity compensation plans can also be used for retirement savings or for dealing with short-term financial issues. And now, a new concept, sidecar accounts, is aimed at helping participants build an emergency fund so they are less likely to tap into retirement accounts for short-term expenses. This edition of PLANSPONSOR Weekend focuses on the other benefits that intersect with retirement savings.

Editor's choice
Surcharges Emerging As a Way to Cut Employer Health Benefit Costs
Overall, approximately one-fifth of organizations have a restriction or other cost-saving measure in place for coverage of spouses and domestic partners, a survey from SHRM finds. Read more >
Questions to Ask Health Benefits Brokers to Make Sure the Price Is Right
Dave Chase, co-founder of Health Rosetta, says three questions address three big problems in health care: pricing failure, overtreatment and a crazy amount of administrative burden. Read more >
Mercer Health Advantage Aims to Drive Down Employer Health Benefit Costs
“Employers can help workers most at risk better manage their care—and save an average $430 annually per employee,” Mercer says. Read more >
Employees Often Overlook Value of Equity Compensation
Discussing the launch of a new UBS equity compensation support program, Michael Barry spoke about the importance of linking equity compensation awards to employees’ broader financial picture. Read more >
Helping Employees Build Emergency Savings
The term “sidecar savings accounts” has been introduced into the retirement industry’s lexicon, and new legislation has been introduced to allow employers to auto enroll employees into them. Read more >
J.P. Morgan Agrees to Settle Stable Value Funds Suit

The firm has agreed to pay $75 million to settle litigation brought by multiple retirement plan participants alleging J.P. Morgan invested its stable value funds in risky assets.

Individuals, Employers and Government All Play a Part in Retirement Readiness

A new research report and Catherine Collinson, with Transamerica Center for Retirement Studies, lay out steps all three can take to improve retirement confidence and readiness in America.

Participant Loans: A Fiduciary Storm Brewing?
Bruce Ashton, with Drinker Biddle & Reath, discusses the fiduciary risk defined contribution (DC) plan sponsors could face when participants default on plan loans.
What to Know About Financial Audits Filed with Form 5500s
Plan sponsors required to file a financial audit along with their Form 5500 should know how regulators use the information and how to pick the best auditor.
Driving Cybersecurity with Participants and Providers
Plan sponsors should evaluate providers’ cybersecurity practices, but there are also steps they and plan participants can take to safeguard retirement accounts.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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