PLANSPONSOR Weekend Newsdash
Week ending May 31st, 2019
The administration of retirement plans involves more than just plan design operation, although that is very important to the retirement outcome of participants. Selecting investments for the retirement plan menu can also help with participant outcomes. Among a plan sponsor’s responsibilities, encouraging and enforcing cybersecurity are not the first tasks that come to mind. But, as modern technology takes over the common workplace, the concept of cybersecurity for retirement plans has started to see attention. And, knowing all the rules in the Employee Retirement Income Security Act (ERISA) includes knowing the rules about record retention. This edition of PLANSPONSOR Weekend focuses on helping plan sponsors with plan administration.
Editor's choice
How and Why to Simplify DC Plan Investment Menus
Simplifying a defined contribution (DC) plan’s investment menu could encourage more employees to participate in the plan, sources say.Read more >
Data and Research
Plan Design Progression Leading to Higher Retirement Savings
Participation rates were nearly 96% higher for plans—a difference of 40 percentage points—with auto enrollment; the usage of auto escalation was nearly five times higher in plans that employ opt-out options rather than opt-in, and employer match rates increased in 2018, T. Rowe Price found.Read more >
Driving Cybersecurity with Participants and Providers
Plan sponsors should evaluate providers’ cybersecurity practices, but there are also steps they and plan participants can take to safeguard retirement accounts.Read more >
AICPA Reminds Plan Sponsors of Record Retention Rules
A plan advisory explains ERISA rules for record retention and offers best practices for that and protecting personal information.Read more >
Considering Balance Sheet Issues for Pension Risk Transfers
A pension risk transfer (PRT) to terminate a defined benefit (DB) plan reflects heavily on a plan sponsor’s balance sheet, which may stop in its tracks a decision to do so.Read more >
Another Schlichter Suit Targets Sponsor and Providers

Even cases that allege potential wrongdoing on the part of a service provider are often targeted exclusively at the plan sponsor. Not so in the latest suit filed by the law firm Schlichter Bogard & Denton.

Could There Be a Renewed Interest in DB Plans?
There are plan designs that decrease the risk and volatility for plan sponsors, and defined benefit plans offer the guaranteed lifetime income participants desire.
2020 Recordkeeping Survey
Participants Are Saving More With ‘TDF-Plus’ Strategies

A new study finds participants who blended funds were on track to replace more of their pre-retirement income than those who did not.

2020 Best in Class DC Providers

Editorial: Alison Cooke Mintzer


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