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
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.

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.
2020 Recordkeeping Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?

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

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