PLANSPONSOR Weekend Newsdash
Week ending March 15th, 2019

Planning for retirement is a difficult task. How to decumulate assets, what amount of savings is enough and what to expect for health care expenses in retirement all have unique answers for each individual. Retirement plan sponsors can help with their plan designs and educational opportunities, and, as a recent survey found Americans feel the government doesn’t understand the difficulty in planning for retirement, there are suggestions for what the government can do to help. In a bit of good news, though, the Employee Benefit Research Institute (EBRI) has found fewer households face a retirement savings shortfall. This edition of PLANSPONSOR Weekend focuses on retirement planning.

Editor's choice
Industry Voices
Why Plan Sponsors Should Consider Adding an ‘In-Retirement’ Tier in 2019
Toni Brown, with Capital Group, discusses how retirement plan sponsors can help participants in retirement stay properly invested while decumulating their assets. Read more >
Industry Voices
Barry’s Pickings: Adequacy
Ask several retirement plan professionals, “How much income in retirement is enough?” and one may get several answers. Michael Barry, president of O3 Plan Advisory Services LLC, discusses why this is an individual decision, and what issues in the retirement plan system need to be addressed. Read more >
Data and Research
Americans in Tug-of-War Between Early Retirement and Health Costs
Seventy-six percent of those who are financially independent think retiring earlier will help them live longer, yet top concerns about retiring early are outliving their money and health care costs, according to a survey by TD Ameritrade. Read more >
Gap Between Workplace and Retail Retirement Advice Can Be Narrowed
A study finds retail retirement planning advice often offers more information to retirement plan participants, but retirement plan sponsors can increase their offerings to narrow the gap. Read more >
Data and Research
Americans Say Lawmakers Don’t Understand Difficulty in Preparing for Retirement
Eighty percent of Americans polled by the National Institute on Retirement Security (NIRS) think the government should make it easier for employers to offer pensions, and more than half think the government needs to increase Social Security contributions from both employers and workers. Read more >
Data and Research
Fewer Households Expected to Face Retirement Savings Shortfall
Just over four in 10 U.S. households are projected to run short of money in retirement, according to an updated analysis from EBRI. Read more >
J.P. Morgan Agrees to Settle Stable Value Funds Suit

The firm has agreed to pay $75 million to settle litigation brought by multiple retirement plan participants alleging J.P. Morgan invested its stable value funds in risky assets.

SECURE Act Passes House, Bringing Calls for Senate Collaboration

Reflecting on the much-anticipated House vote, Kevin Walsh, principal with Groom Law Group, said today is an important day for the retirement industry, but it’s not the end of the story.

Individuals, Employers and Government All Play a Part in Retirement Readiness

A new research report and Catherine Collinson, with Transamerica Center for Retirement Studies, lay out steps all three can take to improve retirement confidence and readiness in America.

Participant Loans: A Fiduciary Storm Brewing?
Bruce Ashton, with Drinker Biddle & Reath, discusses the fiduciary risk defined contribution (DC) plan sponsors could face when participants default on plan loans.
What to Know About Financial Audits Filed with Form 5500s
Plan sponsors required to file a financial audit along with their Form 5500 should know how regulators use the information and how to pick the best auditor.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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