Week ending May 6th, 2016 |
Good retirement plan sponsors are always looking for ways to improve their plans and participant outcomes. That’s one reason financial wellness is such a hot topic. One of our most popular stories this week discusses how to develop a financial wellness program, and in another article, the levels of guidance and advice plan sponsors can offer to employees are described. The Department of Labor’s Employee Benefits Security Administration has released a financial wellness video series plan sponsors can lead participants to. Of course, plan design can improve participant outcomes and Principal offers some best practices for 403(b) plans. In addition, simulations from the Government Accountability Office (GAO) show how plan design decisions can improve retirement income. Have a great weekend, everyone! |
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