Week ending June 1st, 2018

Happy Friday, PLANSPONSOR readers! When retirement plan sponsors contemplate the design and administration of their plans, guidance from regulators can offer clarity, but sometimes it creates more confusion. Most are looking for the next “best practice” to boost plan participant outcomes, and legislators as well as providers and industry groups often have ideas for what this is. One thing is for sure, there has been a movement from thinking only about retirement savings accumulation to thinking about how participants will draw down their assets to make them last throughout retirement. This edition of PLANSPONSOR Weekend addresses these issues and more.

Editor's choice

Investing

DOL’s ESG Investing Bulletin Raises Important Questions for Plan Fiduciaries

Given some of the strong language used to warn retirement plan fiduciaries against placing other interests ahead of the financial benefit of their participants, the latest Department of Labor (DOL) bulletin on the topic of environmental, social and governance (ESG) investing has created some confusion.Read more >

Data and Research

Groups Offer Blueprint for New Social Contract for Retirement

The blueprint calls for nine design features of the new contract.Read more >

Products

OneAmerica Offers Retirement Plan With Lifetime Income Option

OnePension is a profit-sharing plan that allows participants to annuitize their account balances when they retire.Read more >

Data and Research

LIMRA SRI: Preventing Brain Drain Should Be a Retirement Program Goal

As skilled Baby Boomer employees begin to reach the traditional retirement age, employers need to examine their policies and procedures to address the potential loss of talented and experienced workers.Read more >

Administration

Penn State Announces New Retirement Program Fee Practices

The plan to adopt a fee-leveling approach and rebate revenue sharing to participants comes as many institutions of higher learning face lawsuits challenging their 403(b) plan fees.Read more >

MOST POPULAR STORIES

Reasons Exist to Turn a Cold Shoulder to Company Stock in DC Plans

However, if plan sponsors choose to offer company stock, there are efforts they can take to mitigate a litigation or participant outcomes meltdown.

Extending Financial Wellness Into Retirement

How can employers ensure financial wellness programs create habits that carry into retirement and address employee concerns about the future?

Supreme Court Sides With Plaintiffs in Intel ERISA Challenge Testing 'Actual Knowledge'

Expert attorneys say the ruling is significant for a variety of reasons—not least because it expands the potential liability plan sponsors face in fiduciary breach lawsuits.

Uncertainty Remains After Supreme Court’s Intel Ruling

Sources debate whether electronic delivery of retirement plan disclosures could blunt some of the impact of the Supreme Court’s ruling in Intel vs. Sulyma.

IRS Announces 2020 Contribution and Benefit Limits

The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.

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

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