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!
Editor's choice Administration Best Practices for 403(b) Plans 403(b)s are still catching up with plan design and fiduciary best practices.Read more > Data and Research Employer, Employee Decisions Can Change Retirement Savings Picture The GAO found many individual and employer decisions can substantially raise projected DC plan savings at retirement, especially for low-earning households.Read more > Administration The Employer’s Role in Retirement Advice Retirement plan sponsors have a role to lead and inspire employees and provide good resources.Read more > Products EBSA Offers New Financial Wellness Video Series The Employee Benefits Security Administration has posted a series of videos covering topics including budgeting and establishing retirement savings rates.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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