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
(b)lines Ask the Experts – Must Plans Adopt Budget Act New Hardship Withdrawal Rules?
“I am aware from a prior Ask the Experts column that the Bipartisan Budget Act of 2018 made some changes to the hardship distribution rules?
Retirement Industry People Moves

Industry expert replaces BPAS SVP of Fiduciary Services; USI Consulting employs VP of Retirement Services; Cafaro Greenleaf announces addition of investment analyst; and more.

House Committee Contemplates Bill That Would Reduce Employer Health Benefit Costs

Also being considered is legislation for expanding benefits of HSAs.

HSA Amendment Bills Moved to U.S. House

Among the bills approved by the House Ways and Means Committee is one that would qualify significantly more health treatments, services and over-the-counter drugs for HSA spending.

District Court Upholds Use of Segal Blend to Calculate Multiemployer Pension Liability

Commenting on the decision, Segal Consulting says it is “consistent with every other decision handed down in similar cases except for one,” the Southern District of New York Court’s decision in The New York Times Company v. Newspaper and Mail Deliverers’-Publishers’ Pension Fund, which is being appealed.

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

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

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