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 >
AT&T Sued Over Calculation of Early Retirement Benefits

The plaintiffs say the plan’s terms reduce benefits using “Early Retirement Factors” and “Joint and Survivor Annuity Factors” which result in plan participants receiving less than the actuarial equivalent of their vested accrued benefit, as required by ERISA.

Congressional Leaders Want SECURE Act Passage in 2019

Based on the conversations industry advocates are having in Washington, none of the leadership in the Senate or the House opposes passage of the SECURE Act.

Mechanics of Implementing a Sidecar Savings Account
Keeping retirement plan contributions rolling in while also allowing employees to save for emergencies.
Breaking Free From Interest Rate Bind on DB Funding
The long-running low interest rate environment has created DB plan funding challenges, but plan sponsors can take steps to mitigate them.
Principal Announces Key Platform Decisions in Wells Fargo Integration

Principal and Wells Fargo leadership have revealed their technology plans for serving the nonqualified and employee stock ownership plan sides of the combined business.

Editorial: Alison Cooke Mintzer


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