PLANSPONSOR Weekend Newsdash
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
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 >
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 >
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 >
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 >