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
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.

Maximum Benefit and Contribution Limits Table 2020

Maximum Benefit/Contribution Limits for 2015 through 2020, with a downloadable PDF of limits from 2010 to 2020.

IRS Proposes Update to Mortality Tables Used to Calculate RMDs

The life expectancy tables and applicable distribution period tables in the proposed regulations reflect longer life expectancies than the tables in the existing regulations.

Employees Are Making Each Other Sick

Having too much work to do and feeling pressure from employers are some reasons employees report coming into work while under the weather.

Congressional Leaders Want SECURE Act Passage in 2019

Based on the conversations industry advocates are having in Washington, none of the leadership in the Senate or the House opposes passage of the SECURE Act.

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

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