Hello, PLANSPONSOR readers. In this week’s news, we reveal how regulations outside the scope of retirement plans can affect retirement plans. Retirement savers should plan for financial shocks and there are ways employers can help them prepare for retirement expenses about which participants are anxious. Retirement plan participants have quickly jumped into a lawsuit against Wells Fargo regarding its recent scandal, and we also covered a stock drop case with a reverse twist. All this and more in this edition of PLANSPONSOR Weekend.
Even those already in retirement worry about health care and running out of money, indicating plan sponsors can introduce participants to health savings and lifetime income options, a survey finds.Read more >
A court found eliminating ESOP participants’ right to invest in company stock is not a violation of ERISA’s anti-cutback provisions, but forcing participants with balances greater than $5,000 out of the plan may be.Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >