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Week ending June 29th, 2018 |
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Investment selection and monitoring is an important fiduciary duty, one of the hardest for plan sponsors, and often the subject of retirement plan litigation. Plan sponsors have an array of investments to choose from—different vehicles, different asset classes, different costs. There are questions about which is the best qualified default investment alternative (QDIA) for their plans and whether plan participants understand investments or need help. Then, if there is a wide swing—especially a downturn—in the markets, both plan sponsors and their plan participants need to keep a cool head and think about the long-term. We hope that this edition of PLANSPONSOR Weekend offers some helpful information about retirement plan investing.
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| IRS Announces 2019 HSA Contribution Limits | For an individual with family coverage, the 2019 health savings account (HSA) contribution limit is $7,000, up from the recently reset $6,900 limit for 2018. | | | 4% Rule Not a Reliable Retirement Income Withdrawal Strategy for All People | | A retiree’s investment portfolio is a large factor in determining an optimal, safe withdrawal rate in retirement, but longevity, expected spending and whether guaranteed retirement income is available plays a part as well. | | | Lawsuit Argues MetLife Pension Calculations Use Outdated Mortality Table | A newly filed complaint takes issue with the way MetLife calculates the actuarial equivalence of different types of annuity benefit options available in the firm’s pension plan. | | | 401(k) Plan Sponsors Enhancing Plan Design | The availability of Roth contributions has doubled in the last decade, and more plan sponsors are using a default deferral rate with automatic enrollment that is higher than 3%, a Plan Sponsor Council of America survey found. | | | Financially Well Employees Buoy the Bottom Line | According to John Hancock data, helping employees reduce their financial worries is well worth employer’s time and attention. | |
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