PLANSPONSOR Weekend Newsdash
Week ending March 24th, 2017
Happy Friday, PLANSPONSOR readers! This week was all about retirement confidence, as the Employee Benefit Research Institute (EBRI) released the 27th edition of its Retirement Confidence Survey. The survey found individuals are not taking all the steps they can to prepare for a comfortable retirement. Another survey found having a written plan increases retirement confidence, while other surveys found African Americans and Latinos need help with debt before being financially secure and revealed why Americans aren’t saving more for retirement. In other benefits news, the House of Representatives failed to vote on new health care reform, and a look at the provisions of the bill and why there was no vote shows what lawmakers are seeking. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice
Data and Research
Retirement Confidence Doesn’t Match Planning
Just four in 10 workers report they and/or their spouse have ever tried to calculate how much money they will need to have saved to live comfortably in retirement, and fewer have taken other steps to prepare. Read more >
Data and Research
A Written Plan Helps With Retirement Confidence
Forty-three percent of investors with a written plan are highly confident they are headed towards a comfortable retirement, compared to 23% of those without a written plan. Read more >
Participants
Addressing Debt Key to Financial Wellness for African Americans, Latinos
While planning for retirement was the overall top concern for employees in 2016, Financial Finesse found the top concern for African Americans and Latinos was getting out of debt. Read more >
Data and Research
Americans Cite Several Reasons for Not Saving More for Retirement
The top reason Americans aren’t saving more money, reported by nearly two-in-five, was having a lot of expenses, a survey found. Read more >
Benefits
Provisions Lawmakers Are Seeking in Health Reform
The U.S. House of Representatives did not vote on the new health bill as planned Thursday, but a look at why they didn’t and the provisions of the bill show what lawmakers are seeking—some of which would reduce costs and burdens for employers. Read more >
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MOST POPULAR STORIES
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.

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.
Driving Cybersecurity with Participants and Providers
Plan sponsors should evaluate providers’ cybersecurity practices, but there are also steps they and plan participants can take to safeguard retirement accounts.

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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