Week ending May 27th, 2016 Happy holiday weekend, PLANSPONSOR readers! This week saw a new wave of retirement plan excessive fee suits, with one targeting advice and brokerage account offerings and one filed against a small 114-participant plan. New research revealed ways to target each generation’s needs in financial wellness programs and times to ‘nudge’ employees to save for retirement. And, retirees share retirement saving advice with younger workers. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice Compliance New Excessive Fee Suit Targets Advice, SDBAs A lawsuit accuses Fidelity of receiving “kickbacks” from Financial Engines and leading retirement plan participants that use its SDBA option to purchase higher-priced investments.Read more > Data and Research New Concept of Retirement Needs New Solutions Workers have ideas for new flexible retirements, and employers and governments can offer solutions.Read more > Data and Research Habitual Savings Critical for Retirement Readiness Success Research reveals times to ‘nudge’ employees into saving for retirement and ways to make it easy for them to do so.Read more > Data and Research Retirees Have Advice for Younger Workers Roughly three in five recommend those younger than them start saving earlier in their career (63%) or save more throughout their career (57%).Read more > Data and Research Participants Would Like Sponsors to be More Hands-On Many would welcome automatic enrollment and automatic increases.Read more > Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >
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