PLANSPONSOR Weekend Newsdash
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
Sources Say Invesco Will Buy OppenheimerFunds

Oppenheimer is the 12th largest U.S. mutual fund family by assets.

Over Half of Americans Have Nothing Saved in a Retirement Account

The median retirement account balance among all U.S. workers is "zilch"

(b)lines Ask the Experts – Annuity General Accounts Versus Separate Accounts
“I work for a plan sponsor that maintains a 403(b) plan with annuity contracts.
An Accurate Perception of Their Finances Eludes Many Americans

One third thinks they are either better or worse off than they actually are, Prudential Financial learned in a survey.

2018 HSA Conference

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

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

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