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 >
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