PLANSPONSOR Weekend Newsdash
Week ending March 3rd, 2017
Happy Friday, PLANSPONSOR readers! The big news this week is we announced our 2017 Service Stars award winners. We also learned that many participants have an incorrect view of their retirement readiness, and they are not prepared for the expected lower-return environment. The Pension Benefit Guaranty Corporation (PBGC) Director again warned of the failing of the agency’s multiemployer program, and speakers for a webinar provided suggestions for making wellness programs more personal. All this and more in this edition of PLANSPONSOR Weekend. Thanks for reading!
Editor's choice
Deals and People
2017 PLANSPONSOR Service Stars Recognize Account Rep Excellence
PLANSPONSOR is pleased to announce the 2017 winners of its Service Star award program, recognizing retirement plan account reps and relationship managers who have, based on descriptions provided by plan sponsor clients, demonstrated exemplary service over the past year. Read more >
Compliance
Benefit Cuts Could Hit More Than One Million Multiemployer Plan Members
PBGC Director Tom Reeder warned of this in an announcement that the agency is providing assistance to yet another multiemployer plan. Read more >
Participants
Plan Sponsors, Participants Not Prepared for Lower Returns
Forecasts suggest that stock and bond returns could be half that of recent decades, yet, 66% of workers believe that over the next decade, returns on their savings will continue to be in line with what they have experienced in the past, a BlackRock survey found. Read more >
Data and Research
More Than Four in Ten Households Wrong About Retirement Readiness
Nineteen percent of households who are at risk for being financially unprepared in retirement feel they are not at risk, while 24% of households who are not at risk, feel they are at risk, according to research from the Center for Retirement Research at Boston College. Researchers suggest more education could help. Read more >
Benefits
Evolving Your Health Wellness Program
Speakers for a webinar provided ideas for making wellness programs more personal for employees. 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.

SECURE Act Passes House, Bringing Calls for Senate Collaboration

Reflecting on the much-anticipated House vote, Kevin Walsh, principal with Groom Law Group, said today is an important day for the retirement industry, but it’s not the end of the story.

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.

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

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

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