PLANSPONSOR Weekend Newsdash
Week ending July 21st, 2017
Happy Friday, PLANSPONSOR readers! In addition to the most popular articles with readers this week, we focus on health care and other benefits. The American Enterprise Institute looks into whether state-run plans would be good for low-income workers or whether Social Security is enough for them. A survey finds as the stress of looming student debt grows, more employees are looking to work for companies that offer to pay down their student loans. In health care news, we find that state employers are also feeling the pinch of higher health benefit costs, many health savings account (HSA) holders are missing out on investing their assets, and most employers want to keep certain features of the Affordable Care Act (ACA). Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Data and Research
Social Security May be Adequate for Low-Income Workers
The American Enterprise Institute questions the benefit of automatically enrolling low-income workers into state-run IRAs.Read more >
Benefits
Many Employees Would Choose Student Loan Assistance Over 401(k)
It is feasible, budget-wise, for participants to participate both in a student loan repayment assistance program and a defined contribution (DC) plan, says Balaji “Raj” Rajan, CEO of IonTuition.Read more >
Benefits
States Take Similar Action to Private Sector in Reducing Health Benefits Costs
A study finds an increase in cost sharing and the offering of consumer-directed health plans.Read more >
Data and Research
HSA Account Holders Missing Out on Investment Returns
Ninety-six percent of HSA holders invest their money in cash, EBRI finds.Read more >
Benefits
Most Employers Do Not Want ACA Repealed Entirely
In Employer Pulse Check: The Future of ACA, the International Foundation of Employee Benefit Plans surveyed employers from across the country and found 71% would not like ACA repealed entirely.Read more >
MOST POPULAR STORIES
2020 Recordkeeping Survey
DOL Offers Guidance for Locating Missing Participants

Guidance in three parts offers suggested processes for DC plans and DB plans and reveals errors DOL staff should look for.

Trustee Sued Over Retirement Plan Account Fraud

The lawsuit claims the trustee allowed an unauthorized person to take a distribution from a participant’s account and that the trustee is refusing to provide information to help remedy the situation.

Takeda Pharmaceuticals Faces ERISA Lawsuit Over TDF Suite in 401(k) Plan

The lawsuit says the target-date funds were selected for the plan despite having no performance history and, when they continued to underperform, they were not replaced with better options.

Pandemic Puts More Households at Risk in Retirement

The Center for Retirement Research says half of American households are at risk of not being able to live at pre-retirement standards of living in retirement.

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

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