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Week ending July 21st, 2017 |
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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! |
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| 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. | | | SECURE Act Passes House, Bringing Calls for Senate Collaboration | Reflecting on the much-anticipated House vote, Kevin Walsh, principal with Groom Law Group, said today is an important day for the retirement industry, but it’s not the end of the story. | | | 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. | |
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