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
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 >
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 >
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 >
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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2021 Target-Date Fund Survey
The DOL Has Begun Retirement Plan Cybersecurity Audits

Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance.

2020 Recordkeeping Survey
Differences Between Safe Harbor and Traditional DC Plans

The primary distinction is that sponsors can design safe harbor plans to avoid having to perform nondiscrimination and top-heavy testing.

Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the past.

Editorial: Alison Cooke Mintzer


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