Week ending June 24th, 2016

Happy Friday, PLANSPONSOR readers! The big news from PLANSPONSOR this week is that we have released our 2016 Recordkeeping Survey. In other news, another excessive fee suit has been settled, and another church plan challenge has been filed. The Social Security Administration says its projections have remained stable this year. The Equal Employment Opportunity Commission (EEOC) has released a model notice for wellness programs, and Mercer has joined the list of providers offering financial wellness programs. Enjoy this edition of PLANSPONSOR Weekend!

Editor's choice

Compliance

MassMutual Accepts Settlement Terms in Excessive Fee Suit

The recordkeeper agrees to pay $31 million to cover claims of excessive fees in its retirement plans.Read more >

Compliance

New Church Plan Lawsuit Presents a Different Angle

While other lawsuits question a retirement plan’s “church plan” status, a new suit contends a church plan elected to be an ERISA plan, but failed to comply with ERISA.Read more >

Data and Research

Social Security Trust Fund Still Projected to Last Through 2034

The Social Security Administration reminds the public that Congress still needs to take action to keep these benefits afloat.Read more >

Compliance

EEOC Provides Sample Notice for Wellness Programs

Under final wellness program rules, employees must receive a notice describing what information will be collected as part of the wellness program, who will receive it, how it will be used, and how it will be kept confidential.Read more >

Products

Mercer Offers Financial Wellness Program

The program covers a wide range of personal finance issues, such as debt and credit scores.Read more >

Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >

MOST POPULAR STORIES

2022 Recordkeeping Survey

IRS Updates Life Expectancy Tables for Retirees

The tax and spending watchdog has changed the defined contribution account withdrawal rules for retirement plan participants.

TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?

Some states are in more than one time zone.

TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?

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

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