PLANSPONSOR Weekend Newsdash
Week ending June 7th, 2019
Happy Friday, PLANSPONSOR readers! This week we’ll be highlighting compliance news. Learn what ERISA Litigator Jerry Schlichter had to say about retirement plan investment and recordkeeping fees in a new interview with PLANSPONSOR. Next, the IRS recently issued Revenue Procedure 2019-25, and announced its 2020 health savings account (HSA) contribution limits. The Department of Labor (DOL) received letters from eight organizations asking to propose regulations that would permit plan sponsors to make electronic delivery the default method of delivery for retirement plan disclosures and notices, and the Securities and Exchange Commission (SEC) announced two new initiatives for teachers and military personnel. Additionally, read what attorneys said about the Setting Every Community Up for Retirement Enhancement (SECURE) Act and other regulation trends during our Washington Update session at this year’s PLANSPONSOR National Conference (PSNC), held this past week in Washington, D.C. All this news and more, on this edition of PLANSPONSOR Weekend. 


Editor's choice
Compliance
An ERISA Litigation Conversation with Jerry Schlichter
Retirement plan investment and recordkeeping fees have fallen in the last 10 years, but ERISA litigator Jerry Schlichter says there is more room for improvement.Read more >
Compliance
IRS Announces 2020 HSA Contribution Limits
The limits will increase $50 for an individual with self-only coverage and $100 for an individual with family coverage in 2020.Read more >
Compliance
DOL Asked to Make Electronic Delivery of Retirement Plan Disclosures the Default
Eight organizations associated with defined contribution (DC) plans submitted a letter to the Employee Benefits Security Administration of the Department of Labor (DOL) asking it to propose regulations that would permit plan sponsors to make electronic delivery the default method of delivery for retirement plan disclosures and notices.Read more >
Compliance
SEC Expanding Financial Education for Teachers, Military Personnel
The initiatives build on the Securities and Exchange Commission’s (SEC’s) past efforts and focus additional enforcement and investor education on these groups.Read more >
Compliance
PSNC 2019: Washington Update
Attorneys discuss provisions of the widely supported SECURE Act, plus hot topics in regulation.Read more >
MOST POPULAR STORIES
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage

Among other things, the RISE Act would encourage retirement savings by allowing plan sponsors to offer small financial incentives to motivate employee participation.

Working Past Age 65 May Seem Like a Great Idea …

… but the prospects may vary, based on education, race and gender, says CRR.

TRIVIAL PURSUITS: Residents of the Island of Misfit Toys
December 17, 2013 (PLANSPONSOR.com) – Who/what were the residents on the Island of Misfit Toys in “Rudolf the Red-Nosed Reindeer?”
Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income

Eighty-one percent of respondents to a survey indicate they are at least somewhat likely to prefer a retirement plan that substitutes guaranteed income for safe investments such as bonds.

2021 Recordkeeping Survey

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

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