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
Magazine
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 >
Administration
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 >
Products
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 >
MOST POPULAR STORIES
House Committee Advances Bill to Establish Union Pension Lifeline Program

The legislation aims to establish a 30-year loan program and new financial assistance for financially troubled multiemployer pension plans.

The Senate Math That Could Block SECURE Act
Senate floor time is at a premium ahead of the 2020 presidential election—so much so that even legislation that passed the House with a near-unanimous bipartisan vote is not guaranteed to become law.
Open MEPs Not for Every Plan Sponsor
If legislation passes to allow for open multiple employer plans (MEPs) for plan sponsors without a common nexus, experts believe they will offer benefits to plan sponsors, but there would be some considerations to explore before joining one.
Adidas Sued Over Excessive Fees for 401(k) Participants

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.

Employers Encouraged to Offer Multi-Dimensional Wellness Programs

Among those that include physical, social, financial, community and mental health, employee productivity is higher.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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