PLANSPONSOR Weekend Newsdash
Week ending March 22nd, 2019
Employees need to be educated about their benefits in order to best use them. This is true for health benefits as well as retirement benefits. It’s been found that making the best of benefits is easier when employees have their financial lives in order. The Society of Actuaries says financial wellness programs need to be designed so individuals of different fragility levels can connect to what is useful and important to their situation. More companies are rolling out student loan repayment benefits to address both debt and retirement savings. With our 2019 PLANSPONSOR National Conference coming up, it will be interesting to see what speakers say has changed for financial wellness benefits over the last year. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Benefits
Education Can Help Employees Engage in Managing Health Care Costs
HSA Bank recommends employers offer a guide about health plans, their costs and what they cover; a health plan comparison tool; and a tax-advantaged savings account to help employees become better health care consumers.Read more >
Data and Research
Researchers Find Bias When Retirement Funds Listed Alphabetically
Retirement plan participants tend to select funds placed in the first positions on a list, so rather than ordering the investment menu alphabetically, researchers suggest placing lower-cost or lower volatility funds near the top to help participants.Read more >
Data and Research
Reducing Financial Fragility Important to Improving Retirement Savings
The Society of Actuaries says financial wellness programs need to be designed so individuals of different fragility levels can connect to what is useful and important to their situation.Read more >
Benefits
Travelers to Help Employees Save for Retirement While Paying Down Student Debt
Employee student loan repayments will qualify for 401(k) employer match contributions.Read more >
Benefits
PSNC 2018: A Shift in Educating Participants—What Is Financial Wellness?
Is it more than education? Is it a full-blown program or something spontaneous and ad hoc? How frequently is it delivered, and how is it benchmarked? Who delivers it, and when?Read more >
MOST POPULAR STORIES
2021 Health Savings Account Survey
Health Care Costs in Retirement Remain a Top Stressor

Fidelity’s latest analysis shows people often underestimate the potential cost of health care in retirement, even after two decades of watching health care costs increase year-over-year.

2020 Recordkeeping Survey
SECURE Act 2.0 Passed Unanimously by Ways and Means Committee

A rare unanimous affirmative voice vote by the Ways and Means Committee allows the SECURE Act 2.0 to be considered by the full House of Representatives.

403(b) Plan Sponsor Sued Over Excessive Fees and Underperforming Investments

The lawsuit calls out the use of the active suite of the Fidelity Freedom target-date funds, among other things.

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

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