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
IRS Announces 2019 HSA Contribution Limits

For an individual with family coverage, the 2019 health savings account (HSA) contribution limit is $7,000, up from the recently reset $6,900 limit for 2018.

4% Rule Not a Reliable Retirement Income Withdrawal Strategy for All People
A retiree’s investment portfolio is a large factor in determining an optimal, safe withdrawal rate in retirement, but longevity, expected spending and whether guaranteed retirement income is available plays a part as well.
Lawsuit Argues MetLife Pension Calculations Use Outdated Mortality Table

A newly filed complaint takes issue with the way MetLife calculates the actuarial equivalence of different types of annuity benefit options available in the firm’s pension plan.

401(k) Plan Sponsors Enhancing Plan Design

The availability of Roth contributions has doubled in the last decade, and more plan sponsors are using a default deferral rate with automatic enrollment that is higher than 3%, a Plan Sponsor Council of America survey found.

Financially Well Employees Buoy the Bottom Line

According to John Hancock data, helping employees reduce their financial worries is well worth employer’s time and attention.

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

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

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