Happy Friday, PLANSPONSOR readers! This week, the Defined Contribution Institutional Investment Association (DCIIA) unveiled a lexicon for automatic plan design features that it hopes will aid in the adoption of those features. A newly filed lawsuit serves as a warning for plan fiduciaries with no investment expertise, and a question to our (b)lines Ask the Experts panel illustrates the differences of 403(b) plans from other plan types with respect to permissible investments. National Retirement Security Week is coming up, and the National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) is offering materials plan sponsors can use. A study suggests that receiving information about expected retirement income could lead savers to put away more for retirement. And, our regular contributor, Michael Barry gets real about the retirement savings “crisis.” All this and more in this edition of PLANSPONSOR Weekend.
The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) has developed the “Your Whole Story” campaign for National Retirement Security Week, which is October 16 through October 22.Read more >
It’s time to face the reality that saving for retirement is tough, and policies need to address the fact that the cost of saving for retirement is higher and employees don’t have any additional money to save.Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >
Even cases that allege potential wrongdoing on the part of a service provider are often targeted exclusively at the plan sponsor. Not so in the latest suit filed by the law firm Schlichter Bogard & Denton.