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Week ending October 20th, 2017 |
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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!
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| SECURE Act Passes House, Bringing Calls for Senate Collaboration | Reflecting on the much-anticipated House vote, Kevin Walsh, principal with Groom Law Group, said today is an important day for the retirement industry, but it’s not the end of the story. | | | J.P. Morgan Agrees to Settle Stable Value Funds Suit | The firm has agreed to pay $75 million to settle litigation brought by multiple retirement plan participants alleging J.P. Morgan invested its stable value funds in risky assets. | | | Individuals, Employers and Government All Play a Part in Retirement Readiness | A new research report and Catherine Collinson, with Transamerica Center for Retirement Studies, lay out steps all three can take to improve retirement confidence and readiness in America. | | | Participant Loans: A Fiduciary Storm Brewing? | | Bruce Ashton, with Drinker Biddle & Reath, discusses the fiduciary risk defined contribution (DC) plan sponsors could face when participants default on plan loans. | | | What to Know About Financial Audits Filed with Form 5500s | | Plan sponsors required to file a financial audit along with their Form 5500 should know how regulators use the information and how to pick the best auditor. | |
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