PLANSPONSOR Weekend Newsdash
Week ending June 10th, 2016
Happy Friday, PLANSPONSOR readers! In this week’s news there was a lot of focus on helping employees with overall financial wellness: Empower and MassMutual announced solutions to help employees with managing bills and managing credit; equity compensation plan providers spoke about how those plans can help with overall financial goals; and Bank of America Merrill Lynch shared about how a few mind tricks can get employees more engaged in saving for retirement. Speaking of wellness, a most-emailed article among readers this week concerned the Internal Revenue Service’s (IRS’) views on tax treatment on health wellness program incentives. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Data and Research
Simple Strategies Can Improve Retirement Plan Participant Behaviors
A few simple tactics improved employee engagement with DC plans, Bank of America Merrill Lynch finds.Read more >
Products
Empower to Offer New Financial Wellness Benefit
The company seeks to help employees pay bills and save for emergencies with a new integrated service.Read more >
Products
MassMutual Partners with Kashable for Credit Solution
To help preclude 401(k) participants from taking out loans or hardship withdrawals, MassMutual is making Kashable credit services available through the BeneClick! employee benefits exchange.Read more >
Benefits
Equity Compensation Can Help with Overall Financial Plans
Whether it is to fill in the retirement savings gap or part of an overall financial strategy, equity compensation plans are attractive to employees.Read more >
Compliance
IRS Weighs In on Tax Treatment of Wellness Incentives
A memorandum from the Office of Chief Counsel of the IRS says cash rewards for participating in wellness programs should be included in an employee’s gross income.Read more >
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MOST POPULAR STORIES
2021 Target-Date Fund Survey
Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the past.
The DOL Has Begun Retirement Plan Cybersecurity Audits

Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance.

2020 Recordkeeping Survey
Essential Considerations for DC Plan Investment Lineups
The purpose of a retirement plan and the demographics of its participants will help plan sponsors decide what types of investments they need to use to take participants from accumulation to decumulation.

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

Advertising: advertise@strategic-i.com

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