PLANSPONSOR Weekend Newsdash
Week ending May 24th, 2019
The results of a multi-year study focusing on 2,458 employees who regularly engaged with their employer’s financial wellness program in the five years between 2013 and 2018 found that the employees improved in all areas of financial planning—with the greatest level of improvement in retirement preparedness. Another study suggests that financial illiteracy impedes retirement plan participants’ ability to determine how to invest their savings. But, plan sponsors haven’t needed such studies to realize that participants need more education than just about the retirement plan. Enjoy this edition of PLANSPONSOR Weekend which focuses on participant education and financial wellness.
Editor's choice
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 >
Investing
DC Plan Investors Challenged by Financial Illiteracy
Researchers argue that financial illiteracy impedes plan participants’ ability to determine how to invest their savings, and propose mandated employer-provided financial education to address limited employee financial literacy.Read more >
Industry Voices
A New Playbook for Employer-to-Employee Financial Guidance
Jellyvision’s Bob Armour discusses how to make finance-related benefits guidance a part of a plan sponsor’s financial wellness platform.Read more >
Administration
Communicating Retirement Benefits to Five Generations of Workers
The University of Pittsburgh has found stories from peers resonate well with every employee group.Read more >
Investing
Volatility Is Not a Bad Word
Making sure plan participants understand the positive aspects of volatility can help them avoid poor trading decisions during periods of negative returns.Read more >
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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