PLANSPONSOR Weekend Newsdash
Week ending October 13th, 2017
Hello, PLANSPONSOR readers! This week our focus is on financial wellness and participant education. An Ernst & Young report suggests employee engagement is the best measure of financial wellness program return on investment (ROI). Provider Edukate partners with HealthSpective to deliver an integrated financial and health wellness solution. MassMutual found Latinos are seeking financial education from employers, and Fidelity found employer stock benefits outside of 401(k)s can help employees with their financial wellness. Communications doesn’t stop when employees terminate employment; and some plan sponsors get creative with it. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Data and Research
Employee Engagement a Better Measure of Financial Wellness Program ROI
Maximizing financial wellness program ROI starts with knowing employee demographics and how employees think and feel about money, Ernst & Young says.Read more >
Products
Edukate Seeks to Merge Financial and Physical Wellness
Financial wellness provider Edukate’s technology is now integrated into HealthSpective, the DHS Group’s health benefits management solution, to provide employers with actionable data about the state of their employees’ financial and physical health.Read more >
Participants
Latinos Seeking Retirement Planning Assistance from Employers
Financial planning guidance and Social Security counseling top the list of financial services Hispanics would like from their employers, according to a survey by MassMutual.Read more >
Data and Research
Company Stock Outside of 401(k) Can Help With Financial Wellness
Employees say they use company stock acquired through their employee stock purchase plans (ESPP) to help pay down debt, add to their retirement savings, finance real estate or home improvement projects, or simply set aside for a rainy day.Read more >
Administration
Communicating With Terminated and Retired Participants
Some communications with terminated participants are required by law, but plan sponsors can take this farther—from offering the opportunity to repay loans to invitations to social events.Read more >
MOST POPULAR STORIES
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 Odds Are Split for Senate SECURE Act Passage This Year

“Overall, it is an uncertain picture, but the SECURE Act is not dead in the water,” says Bradford Campbell, former EBSA head from 2006 to 2009. “I would say it is a little less than 50-50 that it happens this year.”

Pension Risk Transfer Appetite Is Unabated
They are trying other strategies, but DB plan sponsors are concluding that they and their employees would be better served by shifting risks to life insurers.
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.

Why Americans Need the SECURE Act

The president and chief operating officer of Nationwide Financial makes a case for how passage of the SECURE Act will improve Americans’ retirement security.

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

Advertising: advertise@strategic-i.com

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