PLANSPONSOR Weekend Newsdash
Week ending November 10th, 2017

Hello, PLANSPONSOR readers! This week, we take a deep dive into all things financial wellness and participant education. In a SURVEY SAYS poll, we asked NewsDash readers questions about their financial wellness, including whether they use a budget or not; what percentage of their income do they save for retirement; and more. Next, we take a look at how plan sponsors can go about connecting with terminated and/or retired participants on leftover retirement account funds. A survey from Dimensional Fund Advisors found 28% of retirement planners believe the most valuable information financial advisers can give to them is how much they could spend annually during their post-retirement years; Schwab finds 85% of Millennials would be confident while making investment decisions if they were to work with an adviser; and Cammack Retirement Group reports an increase in financial wellness programs among health care employers. All this and more on this week’s edition of PLANSPONSOR Weekend.

Editor's choice
Industry Voices
SURVEY SAYS: How’s Your Financial Wellness?
We have written many articles about how employees are struggling with basic financial wellness, such as budgeting, debt and emergency savings. We asked NewsDash readers a series of questions about their financial wellness. Read more >
Communicating With Terminated and Retired Participants
Some communications with terminated participants are required by law, but plan sponsors can take this farther—from offering the opportunity to repay loans to invitations to social events. Read more >
Retirement Planners Want to Know How Much They Can Spend
Investors planning for their post-employment years, as well as those already in them, say their top worry is not having enough money to live comfortably in retirement, according to a Dimensional Fund Advisors survey. Read more >
Millennials Very Receptive to Investment Advice
Nearly two-thirds, 64%, of Millennials, those between the ages of 25 and 36, say they are very or extremely confident making investment decisions on their own, Schwab Retirement Plan Services found in a nationwide, online survey of 500 workers. Read more >
Data and Research
Health Care Employers Increasing Focus on Financial Wellness
Forty-four percent of health care organizations consider offering a program where employee contributions to student debt will be matched, according to a survey from Cammack Retirement Group. Read more >
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.
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.

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.
Driving Financial Wellness at Work
Wes Collins, senior manager of participant advice services at CAPTRUST, discusses financial wellness areas of focus, broken out by career stage.
Pension Participants Claim ERISA Breaches in Dow DuPont Pension Transfer

In a new ERISA lawsuit seeking class action status, the plaintiffs claim their pension assets were disloyally and imprudently transferred during a complex series of corporate spinoffs and mergers.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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