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
House Committee Advances Bill to Establish Union Pension Lifeline Program

The legislation aims to establish a 30-year loan program and new financial assistance for financially troubled multiemployer pension plans.

The Senate Math That Could Block SECURE Act
Senate floor time is at a premium ahead of the 2020 presidential election—so much so that even legislation that passed the House with a near-unanimous bipartisan vote is not guaranteed to become law.
Adidas Sued Over Excessive Fees for 401(k) Participants

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.

Open MEPs Not for Every Plan Sponsor
If legislation passes to allow for open multiple employer plans (MEPs) for plan sponsors without a common nexus, experts believe they will offer benefits to plan sponsors, but there would be some considerations to explore before joining one.
(b)lines Ask the Experts – Proper Delivery Method for SPDs
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.

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

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

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