PLANSPONSOR Weekend Newsdash
Week ending March 29th, 2019
Retirement plan administration covers a host of duties, many of which are fiduciary duties, and doing what’s best for participants and helping them achieve their best outcomes for retirement is the main focus. Every year, plan sponsors work to improve plan design, and some ways to do this involve considering behavioral science. Plan sponsors also have to “save participants from themselves”—for example, by discouraging loans or getting them to become more engaged with their retirement plans. New trends are always emerging, and we hope that the articles in this edition of PLANSPONSOR Weekend helps plan sponsors stay on top of them.
Editor's choice
Progressive Sponsors Will Push Custom Designs, Fee Transparency in 2019
Year-end conversations with recordkeepers suggest plan sponsors are highly focused on improving fee transparency, exploring custom default solutions and strengthening fiduciary processes.Read more >
IFEBP Offers Tips for Using Behavioral Finance to Boost Retirement Savings Actions
Stressing what can be lost or gained, peer reviews and comparisons and certain plan design features are among the suggestions offered by the International Foundation of Employee Benefit Plans in a white paper.Read more >
Updating Loan Policies to Discourage Participants from Taking Plan Loans
Changes to maximum loan amounts and number of loans, as well as the imposition of fees and higher interest rates on loans can be written into loan policy statements in an effort to discourage this type of plan leakage.Read more >
How to Mitigate Participants’ Savings Biases
Experts discuss how plan sponsors can get participants out of retirement savings “ruts” and get them to engage more with their retirement plans.Read more >
Attention to Retirement Plan Digital Communications Increasingly Important
As the use of digital and mobile technologies for employer-sponsored retirement plans continues to increase, a paper promoted by the Voya Behavioral Finance Institute for Innovation proposes that plan sponsors and advisers have a responsibility to consider websites and mobile applications that encourage better retirement decision-making.Read more >
The Growing Interest in Guaranteed Income Options

As employers begin to question the effectiveness of target-date funds as a retirement spending vehicle, interest in guaranteed lifetime income has grown.

2021 Recordkeeping Survey
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Some states are in more than one time zone.
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

Emergency Savings Programs Boost Retirement Outcomes

A report from DCIIA and Commonwealth suggests that emergency savings should be placed in an account that is distinct from funds intended for long-term retirement savings.

Editorial: Alison Cooke Mintzer


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