Week ending March 2nd, 2018

Hello, PLANSPONSOR readers. The fourth in a five-part series, investment firm Arnerich Massena has published its white paper, “Retirement Plan Best Practices: Plan Monitoring.” A new survey finds defined contribution (DC) plan sponsors are pulling out all the stops to get their participants saving—and saving adequately. A lawsuit about the design and administration of New York University’s 403(b) plans is the first of the large university lawsuits to go to trial. The largest defined benefit (DB) plan sponsors are leading the trend in accelerating pension contributions. And, if you want employees to put their pay increases due to tax reform into retirement savings, the time to act is now. All this and more in this edition of PLANSPONSOR Weekend!

Editor's choice

Participants

Want Employees to Invest Tax Savings? Act Now

It will only take a few pay cycles for folks to get used to seeing the extra money come in; thus the impetus is on plan sponsors to act today to directly encourage employees to consider putting some or all of their additional take-home pay into the retirement plan.Read more >

Administration

Largest DB Plans Lead in Accelerating Pension Funding

Following a pattern as trendsetters, the 20 members of the $20 billion club collectively dismissed funding relief and paid more than triple their mandated contributions in 2017, according to Russell Investments.Read more >

Compliance

Original Case Against NYU 403(b) Plans Going to Trial

In addition, a federal judge dismissed a third complaint against NYU—naming its adviser as a defendant—as a duplicative action.Read more >

Data and Research

Sponsors Making Great Strides on Their Retirement Plans

With concerns about retirement readiness growing, DC plan sponsors are turning to automatic features, increasing their contributions, streamlining their investment menus and improving fee transparency.Read more >

Products

Arnerich Massena Publishes Latest in Retirement Plan Best Practices Series

“Monitoring your investment menu managers, your plan providers, and plan fees is an important part of your overall fiduciary responsibility,” the firm’s latest white paper states.Read more >

MOST POPULAR STORIES

Reasons Exist to Turn a Cold Shoulder to Company Stock in DC Plans

However, if plan sponsors choose to offer company stock, there are efforts they can take to mitigate a litigation or participant outcomes meltdown.

Extending Financial Wellness Into Retirement

How can employers ensure financial wellness programs create habits that carry into retirement and address employee concerns about the future?

Supreme Court Sides With Plaintiffs in Intel ERISA Challenge Testing 'Actual Knowledge'

Expert attorneys say the ruling is significant for a variety of reasons—not least because it expands the potential liability plan sponsors face in fiduciary breach lawsuits.

Uncertainty Remains After Supreme Court’s Intel Ruling

Sources debate whether electronic delivery of retirement plan disclosures could blunt some of the impact of the Supreme Court’s ruling in Intel vs. Sulyma.

IRS Announces 2020 Contribution and Benefit Limits

The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.

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

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