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
Principal Announces Additions to Leadership Teams From Wells Fargo

Joe Ready, current head of Wells Fargo Institutional Retirement & Trust, is taking a new role as head of Trust and chief fiduciary officer for Wells Fargo Wealth & Investment Management.

Time for Self-Funded Health Plan Sponsors to Revisit Stop-Loss Insurance
As medical and pharmaceutical innovations lead to higher catastrophic health insurance claims, employers with self-funded health plans need to review strategies for tackling risk.
PSNC 2019: Best Practices for Your Retirement Plan Committee

Attendees of the 2019 PLANSPONSOR National Conference heard suggestions for the composition of retirement plan committees, what should be discussed in meetings and what fiduciary training is needed.

Balancing the Need and Desire to Work Past Retirement Age

What role are employers playing in helping participants retire?

Regulators Finalize New HRA Rule

Starting next January, employers can give their workers tax-deferred funds to go shopping for a health plan, thanks to individual coverage health reimbursement arrangements.

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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