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
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 >
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 >
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 >
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 >
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 >
2020 Best in Class 401(k) Plans
PLANSPONSOR is pleased to announce the sixth “class” of companies winning the Best in Class 401(k) Plan designation.
Extending Financial Wellness Into Retirement

How can employers ensure financial wellness programs create habits that carry into retirement and address employee concerns about the future?

Reasons Exist to Turn a Cold Shoulder to Company Stock in DC Plans
However, if plan sponsors choose to offer company stock, there are efforts they can take to mitigate a litigation or participant outcomes meltdown.
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.

Friday Files - February 21, 2020

Now it's time for some FRIDAY FUN!

Editorial: Alison Cooke Mintzer


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