Week ending May 12th, 2017 Hello, PLANSPONSOR readers! This week, the Internal Revenue Service (IRS) announced health savings account (HSA) limits for 2018. A feature article probes whether changes to managed accounts will make them comparable options to target-date funds (TDFs). Parties in one challenge to pension plans’ ‘church plan’ status have reached a settlement. And, Wells Fargo has introduced an annuity for defined contribution (DC) plans. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice Compliance Parties Reach Settlement in Church Plan Challenge Franciscan Missionaries of Our Lady Health System has agreed to make payments to its pension plans over five years.Read more > Deals and People Prudential Retirement Appoints New CEO An industry veteran from within the company will climb the ranks to lead Prudential Financial’s retirement business.Read more > Products Wells Fargo Launches Annuity Option with MetLife To combat the risk of living out retirement income, Wells Fargo and MetLife are rolling out an annuity option which will provide participants with payments on or before their 85th birthday.Read more > Investing Fixed-Income Holdings Should Inform TDF Series Selection Fixed-income investments play a crucial role in overall target-date fund performance, but a new report suggests plan sponsors spend far more time thinking about the equity side.Read more > Benefits Employers Taking Various Steps to Manage Health Care Costs Recognizing that no single change will radically transform the cost structure of health care programs, U.S. employers are instead following a strategy of taking many concurrent steps to manage costs, according to a survey by Willis Towers Watson.Read more > Share the news with a friend! Pass PLANSPONSOR Weekend along—and tell your friends/associates they can sign up for their own copy.Read more >
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