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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SECURE Act Passes House, Bringing Calls for Senate Collaboration

Reflecting on the much-anticipated House vote, Kevin Walsh, principal with Groom Law Group, said today is an important day for the retirement industry, but it’s not the end of the story.

J.P. Morgan Agrees to Settle Stable Value Funds Suit

The firm has agreed to pay $75 million to settle litigation brought by multiple retirement plan participants alleging J.P. Morgan invested its stable value funds in risky assets.

Individuals, Employers and Government All Play a Part in Retirement Readiness

A new research report and Catherine Collinson, with Transamerica Center for Retirement Studies, lay out steps all three can take to improve retirement confidence and readiness in America.

Participant Loans: A Fiduciary Storm Brewing?
Bruce Ashton, with Drinker Biddle & Reath, discusses the fiduciary risk defined contribution (DC) plan sponsors could face when participants default on plan loans.
What to Know About Financial Audits Filed with Form 5500s
Plan sponsors required to file a financial audit along with their Form 5500 should know how regulators use the information and how to pick the best auditor.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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