PLANSPONSOR Weekend Newsdash
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 >
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2020 Recordkeeping Survey
Democrats Take Control of the Senate: What Does That Mean for Your Retirement Plan?

Syed Nishat, with Wall Street Alliance Group, discusses potential effects on retirement plans if President Joe Biden is able to move forward his legislative agenda.

Takeda Pharmaceuticals Faces ERISA Lawsuit Over TDF Suite in 401(k) Plan

The lawsuit says the target-date funds were selected for the plan despite having no performance history and, when they continued to underperform, they were not replaced with better options.

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.

Pandemic Puts More Households at Risk in Retirement

The Center for Retirement Research says half of American households are at risk of not being able to live at pre-retirement standards of living in retirement.

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

Advertising: advertise@strategic-i.com

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