PLANSPONSOR Weekend Newsdash
Week ending May 11th, 2018

Happy Friday, PLANSPONSOR readers! Employers are increasingly recognizing that overall financial wellness is important for helping employees save for retirement, but employees need additional knowledge to plan for their retirement years. Many want discussions with advisers to include retirement income strategies, and employees also need to learn how to manage income taxes in retirement. When it comes to planning and education tools, women say providers are not considering their unique needs, and a new Vanguard offering recognizes that even those already retired need a framework to address spending. Have a great weekend!

Editor's choice
Data and Research
Employers See Value of Offering Financial Wellness Programs
“Our survey reveals that employers and employees report higher satisfaction with their benefit plans when financial wellness programs are offered,” says Vishal Jain, financial wellness officer for Prudential’s Workplace Solutions Group. Read more >
Data and Research
Investors Want Adviser Discussions to Expand Beyond Risk to Retirement Income
While 80% of investors say their adviser discusses risk tolerance, only 50% say they bring up the subject of guaranteed lifetime income. Read more >
Participants
Income Taxes Follow Participants Into Retirement
As more American workers are expecting to rely on defined contribution (DC) plans and individual retirement accounts (IRAs) to fund their retirement years, concerns are growing about how to best manage lifetime income streams. As part of this effort, according to Daniel D’Ordine, founder of DDO Advisory Services, late- and even mid-career retirement savers should start doing a lot more advanced planning about minimizing income taxes in retirement. Read more >
Data and Research
Women Say Financial Industry Caters to Men
A study points out the differences in women’s and men’s life journeys and challenges that should be considered in women’s retirement planning. Read more >
Products
Vanguard Offers Framework for Establishing a Plan for Retirement
The framework helps retirees address basic living expenses, establish a contingency reserve, account for discretionary expenses, and structure a legacy. Read more >
MOST POPULAR STORIES
AT&T Sued Over Calculation of Early Retirement Benefits

The plaintiffs say the plan’s terms reduce benefits using “Early Retirement Factors” and “Joint and Survivor Annuity Factors” which result in plan participants receiving less than the actuarial equivalent of their vested accrued benefit, as required by ERISA.

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.

Social Security Administration Announced COLA for 2020

Employees not only need basic education, but they need to know how to include Social Security in their retirement income strategy.

Survey Reveals Emerging Health Benefit Cost-Saving Measures

Employers are encouraging the use of biosimilars instead of specialty pharmacy products, creating an environment that makes it clear and easy for employees to opt for high-value services, and engaging effective programs to help manage anxiety and stress.

Millennium Trust Helps Small Businesses Select a Retirement Plan

The Retirement Savings Selector Tool for Small Businesses was created to help small businesses identify a retirement savings option that may be a fit for their business by answering a few quick and easy questions.

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

Advertising: advertise@strategic-i.com

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