PLANSPONSOR Weekend Newsdash
Week ending May 17th, 2019

Many factors go into retirement planning—two of which are health care costs and income received from Social Security. A study found employees think they are eligible for full Social Security benefits before they actually are. And, another found Americans want financial advisers to include health care costs in retirement planning conversations. One big problem already being faced by the Baby Boomer generation is how to convert retirement savings to income. Annuities are shunned by many, some who want more control over their assets. Speakers at the 2019 Plan Sponsor Council of America’s Annual Conference discussed how plan sponsors can switch their approach to retirement benefits from being savings vehicles to being retirement income plans. All this and more in this edition of PLANSPONSOR Weekend!

Editor's choice
Data and Research
Employees Need Education About Social Security’s Part in Retirement Income
Seventy percent of employees surveyed by the Nationwide Retirement Institute think they are eligible for full Social Security benefits before they actually are. Read more >
Benefits
Participants Want Retirement Planning to Include Health Care Costs
Eighty-one percent of Americans believe it would be very or extremely valuable for their financial adviser to include health care costs in their retirement planning, according to research by Transamerica and Luntz Global Partners. Read more >
Data and Research
Employees Split Over Controlling Their Assets in Retirement
Nearly three-quarters of workers say income stability is more important than maintaining wealth in retirement, but approximately one-third each chose managing their own assets or managing half of their assets and purchasing a guaranteed income product with the other half. Read more >
Administration
A New Way of Thinking About Retirement ‘Plans’
Mike Sasso, with Portfolio Evaluations, and a professor at Boston University, explained a new way of thinking to get plan sponsors to focus on retirement income for participants. Read more >
Investing
‘Modern Tontine Theorists’ Have Ideas for Retirement Savings Decumulation
Tontines are a type of historical annuity structure that was first put into well-documented practice as far back as the 1600s. Read more >
Benefits
Financial Wellness a Key to Retirement Preparedness
A multi-year study found employees who regularly engaged with their employer’s financial wellness program more than doubled their feeling of retirement preparedness. Read more >
MOST POPULAR STORIES
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.

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.

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 alison.mintzer@strategic-i.com

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

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