PLANSPONSOR Weekend Newsdash
Week ending July 7th, 2017
Good afternoon, PLANSPONSOR readers! We are pleased to bring you our new PLANSPONSOR Weekend newsletter format. Each week we will continue to bring you the most popular articles of the week, but now our curated content will be themed. The first Friday of the month will be Plan Design & Administration; second Friday, Financial Wellness & Participant Education ; the third Friday of each month we will bring you articles focused on Health Care and Other Benefits; and the fourth Friday will be focused on Defined Benefit Plans. Five Fridays in a month happen only quarterly, but that week our topic will be Investing. We hope you enjoy this new format and know you will find it helpful and informative. Happy reading!
Focus on Plan Design & Administration
Administration
Analysis Finds DC Plan Health Improving
By using some best practices, plan sponsors have moved the needle toward more plan participants taking action to reach an 80% income replacement goal, Wells Fargo data shows. Read more >
Data and Research
Employers Disagree With Potential Pre-Tax Contribution Decrease
A new survey from the Plan Sponsor Council of America (PSCA) highlights the large percentage of plan sponsors not in favor of potential modifications regarding tax treatment of retirement savings plans. Read more >
Data and Research
More Plan Sponsors Permitting Roth Conversions
The idea seems to be to help employees establish better tax-diversity in their retirement holdings—as well as more controlled and rational ways of spending down their collected wealth once their working life ends, SHRM says. Read more >
Compliance
IRS Changes Pre-Approved Plan Opinion Letter Program
The IRS says it is modifying its historic approach to pre-approved plans in order to encourage employers that currently maintain individually designed plans to convert to the pre-approved format. Read more >
Compliance
IRS Issues 2017 Cumulative List of Pre-Approved Plan Requirements
The 2017 cumulative list includes provisions for Roth conversions, using lifetime income products in target-date funds (TDFs) and the use of qualified longevity annuity contracts (QLACs), among other things. Read more >
MOST POPULAR STORIES
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 alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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