PLANSPONSOR Weekend Newsdash
Week ending November 9th, 2018

Happy Friday, PLANSPONSOR readers! In this week’s edition, we highlight financial wellness and participant education. A Security Benefit study found Millennial teachers are searching for education about investing, while a report from Ascensus deems younger savers as the generation most likely to meet their retirement goals. A high number of employers are measuring financial readiness with their employees, and at the same time another set of plan sponsors is evaluating how questions of longevity tie to participant education. A Hearts & Wallets study analyzes why participants ignore education when facing daunting financial obstacles. All this and more in this week’s issue of PLANSPONSOR Weekend.

Editor's choice
Millennial Educators Especially Want Retirement Savings Investing Help
While a majority cite credit card and student loan debt as obstacles to reaching financial goals, Millennial educators are paying attention to retirement savings.Read more >
Data and Research
Young Savers Most Likely to Meet Retirement Goals
Workers younger than 35 are realizing they need to start saving now, according to Ascensus; however, only 30% are on track to meet their retirement savings goals.Read more >
Data and Research
More Employers Monitoring Retirement Readiness of Employees
In addition, to help employees reduce their debt stress and maximize their retirement plan savings, more employers are developing financial wellbeing initiatives, Arthur J. Gallagher & Co. found.Read more >
Data and Research
Longevity Concerns Inform Education Opportunities
BMO Wealth Management U.S. says individuals should know to plan for living beyond the average life expectancy and what medical expenses to expect, among other things.Read more >
Data and Research
Individuals Not Seeking Help for the Hardest Retirement Concerns
A study found the top financial tasks individuals need help with include choosing when to retire, choosing appropriate investments and developing a strategy to withdraw from multiple accounts.Read more >
Getting SECURE Act’s Lifetime Income Provisions Right
Industry sources agree pains must be taken to ensure mandatory lifetime income projections to participants are accurate and contextual education is provided.
2020 Best in Class 401(k) Plans
PLANSPONSOR is pleased to announce the sixth “class” of companies winning the Best in Class 401(k) Plan designation.
Getting Ready to Include Part-Time Employees in Retirement Plans
401(k) plan sponsors need to understand all the parts of the new requirement and, for some, the long-term effects on plan administration.
IRS Announces 2020 Contribution and Benefit Limits

The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.

The Future for Annuities in DC Plans
The SECURE Act offered an annuity selection safe harbor for plan sponsors, but education will be the first step in getting this income protection to plan participants.

Editorial: Alison Cooke Mintzer


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