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 >
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 >
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 >
Most Employers Do Not Want ACA Repealed Entirely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Foundation of Employee Benefit Plans surveyed employers from across the country and found 71% would not like ACA repealed entirely.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 >
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.

New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans

A former 401(k) plan participant is suing the plan sponsor and plan providers after unauthorized distributions were made from her account.

IRS Releases 2019-2020 Priority Guidance Plan

The IRS invites public comments and suggestions about guidance.

DC Plans 3.0 Will Really be Tailored to Individual Situations

Bob Collie, head of research at the Thinking Ahead Institute, tells PLANSPONSOR version 3.0 will be customized by “hyper-customization and integrated whole-of-life wealth management” that takes into account all of a person’s savings.

Editorial: Alison Cooke Mintzer


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