PLANSPONSOR Weekend Newsdash
Week ending June 21st, 2019

The definition of retirement readiness isn’t the same for everyone, and a recent study found self-assessments of retirement preparedness vary with the amount of current savings and with time remaining until retirement. Generation X may be in the most precarious situation right now when it comes to getting ready for retirement. Employers may help all generations by offering benefits to help employees with current financial obligations and surprises; a financially well employee should be able to save more for retirement. And, once an employee has built a savings account, it needs to be preserved when he changes employers or leaves the workforce. One thing everyone should plan for is greater health care costs in retirement. Enjoy this edition of PLANSPONSOR Weekend.

Editor's choice
Data and Research
Perceptions of Retirement Preparedness Vary With Age and Time
A study from the Federal Reserve finds people at different ages have a savings threshold for feeling they are on track for an adequate retirement, and for those in retirement, reported economic well-being varies substantially with the reason for retirement. Read more >
Administration
Generation X Has a Big Need for Retirement Readiness Improvement
A study shows Americans at least 45 years old who have not yet retired are struggling financially and falling behind in retirement savings, but defined contribution (DC) plan sponsors can help. Read more >
Benefits
Offering Short-Term Stability to Help Employees Have Long-Term Security
The ability to handle short-term financial goals—or shocks—can improve an employee’s ability to save for the future. Read more >
Data and Research
Rolling Over Retirement Assets Creates Greater Retirement Income Adequacy
Not rolling defined contribution (DC) plan assets into an IRA or another DC plan has a very material impact on retirement deficits, an Employee Benefit Research Institute (EBRI) study found. Read more >
Data and Research
Employees Need to Plan for Greater Health Costs in Retirement
The Employee Benefit Research Institute (EBRI) says that due to the financial condition of the Medicare program and cutbacks to employment-based retiree health programs, in the future, individuals are going to have to pay a greater share of their health care costs in retirement. Read more >
MOST POPULAR STORIES
House Committee Advances Bill to Establish Union Pension Lifeline Program

The legislation aims to establish a 30-year loan program and new financial assistance for financially troubled multiemployer pension plans.

The Senate Math That Could Block SECURE Act
Senate floor time is at a premium ahead of the 2020 presidential election—so much so that even legislation that passed the House with a near-unanimous bipartisan vote is not guaranteed to become law.
Adidas Sued Over Excessive Fees for 401(k) Participants

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.

Open MEPs Not for Every Plan Sponsor
If legislation passes to allow for open multiple employer plans (MEPs) for plan sponsors without a common nexus, experts believe they will offer benefits to plan sponsors, but there would be some considerations to explore before joining one.
(b)lines Ask the Experts – Proper Delivery Method for SPDs
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.

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

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

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