PLANSPONSOR Weekend Newsdash
Week ending March 10th, 2017
Let’s look at this past week on the positive side! For instance, if President Donald Trump’s pro-growth economic strategies are implemented, defined contribution (DC) and defined benefit (DB) plans may benefit. Besides that, increasingly, more participants in need of funds now avoid tapping their 401(k) plan by using profits from their company stock plan, often a savings vehicle used alongside a retirement plan. Additionally, a spike was reported in adoption of health savings accounts (HSAs); over 40% of enrollees plan to use them to save for impending medical needs. Four in 10 DB plan sponsors reported being very interested in pension risk transfer (PRT) products, which is a 10% jump in such interest compared with data gathered in 2014; these products allow an employer to transfer pension liability to an insurer, with some positive results. And a challenge for plan sponsors and advisers…sixty-one percent of Americans between the ages of 55 and 75 believe having guaranteed income is a smart and sound benefit according to a new survey, but they need assistance sorting this out. Have a great weekend!  
Editor's choice
Investing
Can President Trump’s Economic Plans Boost Real Assets in the DC Space?
President Trump’s infrastructure spending proposal and other pro-growth economic strategies could have a positive effect on real assets if they are successfully implemented; DC and DB plans may be able to capitalize.   Read more >
Investing
ESPPs a Useful Stopgap for 401(k) Loans, Fidelity Says
Workers are using the profits from their employee stock purchase programs (ESPPs) wisely, such as paying down debt or reinvesting the money in their retirement plan.  Read more >
Participants
Despite High Costs, HSAs See Increase in Enrollment
More than 40% of those who own HSAs plan to use the funds for future medical costs.  Read more >
Administration
Growing Plan Sponsor Interest in Pension Risk Transfer
A growing number of DB plan sponsors are considering PRT products at a time when PBGC premiums have increased by more than 300%, a new study finds.  Read more >
Data and Research
Older Folks Eager for Guaranteed Income But Don't Know Much About It
Ninety percent want their financial adviser to help them devise a retirement income strategy, and 61% want them to educate them about income products. Read more >
MOST POPULAR STORIES
DOL Offers Guidance for Locating Missing Participants

Guidance in three parts offers suggested processes for DC plans and DB plans and reveals errors DOL staff should look for.

The Mechanics of Moving to a PEP
With a lack of regulatory guidance, plan sponsors can rely on certain existing rules to know the steps to take if they decide to move from a single-employer plan to a pooled employer plan.
2020 Recordkeeping Survey
What Employers Need to Know About HSAs
Experts share eligibility requirements, tax treatment rules and allowable expenses for health savings accounts.
Deciding Whether an Annuity Is Right for Your Plan Participants
Plan sponsors should look at participant needs to determine whether annuities would be a fit for their plan and, if so, which types of annuities meet those needs.

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

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