PLANSPONSOR Weekend Newsdash
Week ending October 12th, 2018
Understanding retirement plan participants and their behaviors is helpful when developing communications and education. For example, perhaps a participant wouldn’t take a loan from his defined contribution (DC) plan if he was informed of the potential consequences and other options. The best financial wellness program design can also be determined by considering participants’ life stages and money behaviors. Retirement plan sponsors should consider different mediums for communications and education. National Retirement Security Week is coming soon, and the National Association of Government Defined Contribution Administrators (NAGDCA) is offering free communications materials for plan sponsors to use. Enjoy this edition of PLANSPONSOR Weekend, focused on financial wellness and employee education.
Editor's choice
Avoiding 401(k) Loans
Participants may not know the potential consequences.Read more >
Data and Research
Financial Priorities Differ With Stages in Life
“Millennials in particular should pay off student loans and other debt, so that they can take steps to focus on longer-term issues, such as retirement security,” says Anna Rappaport, with the Society of Actuaries.Read more >
Money Personalities Can Inform Financial Wellness Program Decisions
PwC has identified findings about money personalities and behaviors that can influence how employers tailor their approach to financial wellness programs.Read more >
Data and Research
Americans Want a Combination of Tech and Humans for Help With Finances
Those surveyed said if they were to trust an online or mobile app, it first would need to be easy to use, followed by giving them access to a person.Read more >
NAGDCA Provides Free Communications for National Retirement Security Week
National Retirement Security Week is October 21 through October 27 this year.Read more >
Data and Research
Translating Account Balances to Monthly Retirement Income Helps Participants
As a result of seeing their estimated income, almost half of all workers (48%) increased their retirement savings, LIMRA SRI finds.Read more >
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.
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.

Why Nonprofits May Prefer a 403(b) Plan Over a 401(k)

It often comes down to nondiscrimination testing.

Friday Files - February 21, 2020

Now it's time for some FRIDAY FUN!

New Models Continue to Be Introduced for 403(b) Plans

K-12 and university 403(b) plan sponsors have turned to multiemployer plan solutions—the latest of which is launching in Indiana.

Editorial: Alison Cooke Mintzer


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