PLANSPONSOR Weekend Newsdash
Week ending November 3rd, 2017

Happy Friday, PLANSPONSOR readers! This week, we’ll be diving into new plan design and administration strategies. First up, plan sponsors may want to take a look at operational risk as defined contribution (DC) plan sizes continue to bloom. A framework from Segal Marco can help sponsors recognize and manage these risks. Next, learn how to better communicate and engage Millennial workers, since according to L. Rita Fiumara from UBS, 75% of the workforce in 2030 will be made up of this younger generation. Also, did you know that if an employer pays more concern to a worker’s health and well-being, employees will likely be better engaged? As more plan sponsors are incorporating best practices, automatic enrollment, one-on-one counseling sessions and online guidance are seeing an increase; and TIAA recommends suggestions to help plan participants secure a retirement income they can’t outlive. All this and more on this edition of PLANSPONSOR Weekend. 

Editor's choice
DC Plans Need a Framework for Managing Operational Risks
An insight article offers a framework for identifying and managing operational risks, and Julian Regan, with Segal Marco Advisors, says even though the insight is given for public-sector DC plans, it could apply to corporate DC plans as well. Read more >
Different Generations Require Different Communication Strategies
Many of us have probably seen studies or media reports that Millennials are selfish, lazy and narcissistic and live in their parents’ basements. But L. Rita Fiumara from UBS casts some further light on that assessment. Read more >
There Is Value in Ongoing Benefits Education
Employees need help with health and financial benefits year-round, and employees who believe that their employer cares about their health and well-being are more engaged. Read more >
Data and Research
Sponsors Embracing a Wider Array of Best Practices
Plan sponsors continue to embrace best practices when it comes to running their retirement plan, Alight Solutions found in a survey of 333 plan sponsors. Automatic enrollment, higher initial deferral rates and financial counseling are just a few that more employers are adopting. Read more >
Data and Research
Lifetime Income Options Would Help More Americans With a Secure Retirement
TIAA also suggests other options for helping retirement plan participants with retirement readiness. Read more >
SECURE Act Passes House, Bringing Calls for Senate Collaboration

Reflecting on the much-anticipated House vote, Kevin Walsh, principal with Groom Law Group, said today is an important day for the retirement industry, but it’s not the end of the story.

J.P. Morgan Agrees to Settle Stable Value Funds Suit

The firm has agreed to pay $75 million to settle litigation brought by multiple retirement plan participants alleging J.P. Morgan invested its stable value funds in risky assets.

Individuals, Employers and Government All Play a Part in Retirement Readiness

A new research report and Catherine Collinson, with Transamerica Center for Retirement Studies, lay out steps all three can take to improve retirement confidence and readiness in America.

Participant Loans: A Fiduciary Storm Brewing?
Bruce Ashton, with Drinker Biddle & Reath, discusses the fiduciary risk defined contribution (DC) plan sponsors could face when participants default on plan loans.
What to Know About Financial Audits Filed with Form 5500s
Plan sponsors required to file a financial audit along with their Form 5500 should know how regulators use the information and how to pick the best auditor.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

Subscribe to NewsDash, click here.
To unsubscribe, click here.
BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund