PLANSPONSOR Weekend Newsdash
Week ending October 5th, 2018
When it comes to designing a retirement plan, several sources can impact plan sponsor decisions. Detailed plan and participant analytics can offer insight into plan features that may improve participant chances for retirement readiness. In addition, participant suggestions or complaints may inform plan sponsor decisions. For plan administration, retirement plan providers are useful sources for help. In addition, cybersecurity has risen in importance as a factor in administration. This edition of PLANSPONSOR Weekend offers insight into both plan design and administration.
Editor's choice
Administration
Using Detailed Plan and Participant Analytics Can Improve Retirement Readiness
Willis Towers Watson believes plan-wide statistics on mean or median participation rates, balances or contribution rates measure aggregate data on all participants but offer little in the way of insight into retirement adequacy and meaningful benchmarks for individuals or segments of the population.Read more >
Administration
Transamerica Offers Suggestions for Further Improving Retirement Security
While defined contribution plans showed resilience during the Great Depression and recovery, more can be done to help participants, Transamerica Center for Retirement Studies says.Read more >
Participants
The Perils of Ignoring Participant Complaints
If a plan sponsor fails to respond, they could face a civil and/or Department of Labor (DOL) lawsuit.Read more >
Data and Research
403(b)s Show Improvement in Use of Considered Best Practices
More are using automatic plan features, fiduciary advisers and investment policy statements, the Plan Sponsor Council of America (PSCA) finds.Read more >
Products
Principal to Launch Online Chat for Retirement Plan Administration Questions
The new support option will connect retirement plan sponsors to Principal client service associates in real time throughout their work day.Read more >
Administration
Segal Group Recommends Steps for DC Plan Cybersecurity
Among other things, it is recommended that plan sponsors minimize requests for and use of personally identifiable information and review recordkeepers’ security procedures.Read more >
MOST POPULAR STORIES
2021 Target-Date Fund Survey
The DOL Has Begun Retirement Plan Cybersecurity Audits

Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance.

Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the past.
2020 Recordkeeping Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?

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

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