PLANSPONSOR Weekend Newsdash
Week ending November 16th, 2018

This week, we’re talking about health care and other benefits. Recently, AARP updated its Social Security Resource Center with an analysis of the 12 most common Social Security misconceptions. One of the most common misconceptions is the notion that the service is “going bankrupt” in the near-term. A MetLife report finds public sector employees are interested in customized benefits, and Vanguard partners with HealthEquity to launch health and wealth retirement planning services for defined contribution (DC) plan sponsors and participants. Additionally, 80% of plan sponsors are committed to reducing health care costs, and, while health savings accounts (HSAs) can offer quality investment options, a study shows fees remain high and transparency low. All this and more on this edition of PLANSPONSOR Weekend.

Editor's choice
Crash Course on Social Security From AARP
One key misconception to break is that Social Security is meant to be an adequate source of income on its own for retirees. Read more >
Public Sector Employees Want Customized Benefits
And public sector employers are more likely than their peers to offer a full range of benefits. Read more >
Vanguard Partners on Offering HSAs to DC Plans
For Vanguard participants who elect to save in a HealthEquity HSA, Vanguard’s Retirement Readiness Tool technology will integrate their HSA information with their DC plan balance and other assets to give them a comprehensive view of their current and future retirement savings. Read more >
Eighty Percent of Employers Focusing on Reducing Health Benefit Costs
However, while 71% of employers see a positive impact on company health benefit costs from wellness programs, more than one-third say they do not offer these programs, the Transamerica Center for Health Studies found. Read more >
Data and Research
HSAs Offer Improved Investment Options
Morningstar found fees remain elevated and transparency remains poor. Read more >
AT&T Sued Over Calculation of Early Retirement Benefits

The plaintiffs say the plan’s terms reduce benefits using “Early Retirement Factors” and “Joint and Survivor Annuity Factors” which result in plan participants receiving less than the actuarial equivalent of their vested accrued benefit, as required by ERISA.

Congressional Leaders Want SECURE Act Passage in 2019

Based on the conversations industry advocates are having in Washington, none of the leadership in the Senate or the House opposes passage of the SECURE Act.

Social Security Administration Announced COLA for 2020

Employees not only need basic education, but they need to know how to include Social Security in their retirement income strategy.

New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans

A former 401(k) plan participant is suing the plan sponsor and plan providers after unauthorized distributions were made from her account.

IRS Releases 2019-2020 Priority Guidance Plan

The IRS invites public comments and suggestions about guidance.

Editorial: Alison Cooke Mintzer


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