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 >
2022 Recordkeeping Survey
Defined Benefit Plans May Have New Life

Don’t call it a comeback: Plan sponsors could thaw frozen defined benefit plans to return them as a retirement benefit for workers.   

TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Some states are in more than one time zone.
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

Editorial: Alison Cooke Mintzer


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