PLANSPONSOR Weekend Newsdash
Week ending May 20th, 2016
While we at PLANSPONSOR are focused on employer-sponsored retirement plan industry news, we often cover topics related to health benefits. Health benefits and retirement plans compete for employer budget allocations, and with the decrease in retiree health benefit offerings, as well as the exponential rise in health care cost, employees need to factor paying for health care in retirement planning. This week, the Equal Employment Opportunity Commission finalized rules related to employer wellness programs, used in part to reduce employer health costs, Mercer partnered with another firm for solutions to help reduce employer health spend, and a new study found retirement health care costs could top $375K. In other news, we learned employers don’t hate all of the Affordable Care Act (ACA) provisions, we received final rules for allocating Roth distributions and we learned of another retirement plan fee suit. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Compliance
EEOC Announces Final Rules for Wellness Programs
The two rules are designed to protect employees’ confidentiality and ensure that workplace wellness programs promote good health.Read more >
Compliance
Final Wellness Program Rules Provide Clarification and Simplification
Several provisions of the final rules are similar to those of the proposed rules.Read more >
Products
Firms Partner to Help Employers Reduce Medical Spend
The alliance brings together Mercer’s health benefits consulting capabilities with the Grand Rounds care team.Read more >
Data and Research
Retirement Health Care Costs Could Top $375K
Even those who have met their 80% income replacement goal will need more to cover all health care expenses, a study finds.Read more >
Administration
Borrowing to Fund Is a De-Risking Strategy for DB Plans
The combination of increasing annual PBGC premiums and the low rate environment make borrowing to fund a very attractive potential opportunity for plan sponsors.Read more >
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MOST POPULAR STORIES
EARN Act Clears Senate Finance Committee

For the second time in a little more than a week, a key Senate committee has advanced an important piece of retirement plan reform legislation for a vote by the full chamber.

Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit

The defendant in the case, CommonSpirit Health, was accused of committing fiduciary breaches in the provision of an active target-date fund suit—allegations rejected both in district court and on appeal.

2021 Recordkeeping Survey
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Some states are in more than one time zone.
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

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

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