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 >
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 >
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 >
Evolving Your Health Wellness Program
Speakers for a webinar provided ideas for making wellness programs more personal for employees.Read more >
Share the news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >
DOL Offers Guidance for Locating Missing Participants

Guidance in three parts offers suggested processes for DC plans and DB plans and reveals errors DOL staff should look for.

2020 Recordkeeping Survey
What Employers Need to Know About HSAs
Experts share eligibility requirements, tax treatment rules and allowable expenses for health savings accounts.
Trustee Sued Over Retirement Plan Account Fraud

The lawsuit claims the trustee allowed an unauthorized person to take a distribution from a participant’s account and that the trustee is refusing to provide information to help remedy the situation.

Deciding Whether an Annuity Is Right for Your Plan Participants
Plan sponsors should look at participant needs to determine whether annuities would be a fit for their plan and, if so, which types of annuities meet those needs.

Editorial: Alison Cooke Mintzer


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