The big news at PLANSPONSOR this week was the announcement of our 2016 Plan Sponsor of the Year Winners and Standouts. But, among news for plan sponsors, were reports about changes they can expect with the impending Department of Labor (DOL) fiduciary rule. Fidelity shared news about what financial wellness help employees need, and that employee stock purchase programs (ESPPs) can help with financial well-being. In addition, surveys showed that retirement plan participants are using their instincts to make decisions and admit they need one-on-one guidance, and women need help planning for their biggest retirement fear. Enjoy this edition of PLANSPONSOR Weekend!
The winners of the 2016 PLANSPONSOR Plan Sponsor of the Year awards show a commitment to their participant’s financial health and retirement success, and are leaders in their respective categories. All maintain best practices in plan administration, with outcomes for others to emulate.Read more >
There are diverse needs among different employee groups, but emotions about financial wellness are consistent among all, a Fidelity survey finds.Read more >
Instinctive decisionmakers admit their retirement savings habits are not ideal, and they agree that one-on-one meetings are the best way for them to receive information.Read more >
