PLANSPONSOR Weekend Newsdash
Week ending October 6th, 2017

Happy Friday, PLANSPONSOR readers! This week’s focus is on plan design and administration. Our annual Defined Contribution (DC) Survey serves as a source for plan sponsors wanting to benchmark their plan designs, and the opportunity to participate in our 2017 survey is now open. According to a survey by Deloitte, plan sponsors are focusing more on fiduciary responsibilities—by lowering investing costs, tracking retirement readiness and using targeted communications, among other things. And speaking of retirement readiness, a white paper from TIAA suggests policy changes and plan sponsor initiatives can make in-plan guaranteed income options more appealing. For those plan sponsors that use the services of a third-party administrator (TPA), changes in the market are leading TPAs to offer more services. And, retirement plan sponsors are not the only ones focused on plan design and administration; sponsors of self-insured health benefits can learn from insurers about the best management and plan design for their plans. Enjoy this edition of PLANSPONSOR Weekend!

Editor's choice
Deals and People
2017 Annual Defined Contribution (DC) Survey Now Open!
Looking to benchmark your DC plan? Want to recognize your provider/service team for outstanding service or offer confidential feedback about areas for improvement? Our annual DC Survey can help. Read more >
Data and Research
Sponsors More Focused on Their Fiduciary Responsibilities
The uncertainty over the fiduciary rule and increased participant litigation are prompting sponsors to move to lower-cost investment options, conduct retirement readiness assessments and target communications. Read more >
Embracing In-Plan Annuities
Specific policy changes and plan sponsor initiatives can make guaranteed lifetime income a norm in the DC plan space, TIAA suggests. Read more >
The TPA Landscape Is Changing
There have been a rash of third-party administrator (TPA) acquisitions recently, and TPAs are offering new services. Read more >
Saving on Health Benefit Costs With Self-Insured Plans
There is a move among employers to self-insure health benefits, but if employers don’t act like insurers, they are missing out on the total cost-saving potential. Read more >
AT&T Sued Over Calculation of Early Retirement Benefits

The plaintiffs say the plan’s terms reduce benefits using “Early Retirement Factors” and “Joint and Survivor Annuity Factors” which result in plan participants receiving less than the actuarial equivalent of their vested accrued benefit, as required by ERISA.

Congressional Leaders Want SECURE Act Passage in 2019

Based on the conversations industry advocates are having in Washington, none of the leadership in the Senate or the House opposes passage of the SECURE Act.

New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans

A former 401(k) plan participant is suing the plan sponsor and plan providers after unauthorized distributions were made from her account.

IRS Releases 2019-2020 Priority Guidance Plan

The IRS invites public comments and suggestions about guidance.

DC Plans 3.0 Will Really be Tailored to Individual Situations

Bob Collie, head of research at the Thinking Ahead Institute, tells PLANSPONSOR version 3.0 will be customized by “hyper-customization and integrated whole-of-life wealth management” that takes into account all of a person’s savings.

Editorial: Alison Cooke Mintzer


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