PLANSPONSOR Weekend Newsdash
Week ending October 20th, 2017
Hello, PLANSPONSOR readers! This week’s focus is on health care and other benefits. We covered studies that show employees need more education about their health care benefits and about health savings accounts (HSAs). The Social Security Administration recently announced a cost-of-living adjustment (COLA) for payees. We revisit an interview between PLANSPONSOR and Gary Dorton, vice president of the Principal Financial Group in charge of Nonqualified Deferred Compensation, about key employees’ attitudes toward retirement, and what it takes to create a best-in-class total retirement benefits program. And, Fidelity found employees are using employee stock purchase plans (ESPPs) to pay down debt or increase retirement savings. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Benefits
Employees Need More Health Benefits Education
The youngest employees especially feel unprepared to decide what plan they should choose, according to a survey from Aflac.Read more >
Benefits
Participant Knowledge of HSAs Reveals Some Gaps
A large number of individuals who consider themselves well-versed on health savings accounts (HSAs) are in for a surprise, as a recent LIMRA report found a disconnect between consumers’ subjective and actual knowledge about the plans.Read more >
Benefits
The Social Security Administration Announces COLA for 2018
Social Security and Supplemental Security Income recipients will see a 2% increase next year—the largest increase since 2012.Read more >
Interview
Why Nonqualified Plans Matter More Than Ever
Key employees now think very differently about retirement.Read more >
Investing
ESPPs a Useful Stopgap for 401(k) Loans, Fidelity Says
Workers are using the profits from their employee stock purchase programs wisely, such as paying down debt or reinvesting the money in their retirement plan.Read more >
MOST POPULAR STORIES
DOL Offers Guidance for Locating Missing Participants

Guidance in three parts offers suggested processes for DC plans and DB plans and reveals errors DOL staff should look for.

2020 Recordkeeping Survey
The Mechanics of Moving to a PEP
With a lack of regulatory guidance, plan sponsors can rely on certain existing rules to know the steps to take if they decide to move from a single-employer plan to a pooled employer plan.
Deciding Whether an Annuity Is Right for Your Plan Participants
Plan sponsors should look at participant needs to determine whether annuities would be a fit for their plan and, if so, which types of annuities meet those needs.
Marty Walsh Will Be Nominated as Secretary of Labor

Apart from potentially reversing course on fiduciary rule-related regulations, there are many other areas where sources suggest the next DOL Secretary could drive significant changes.

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

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