PLANSPONSOR Weekend Newsdash
Week ending October 7th, 2016
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.
Editor's choice
Compliance
Lawsuit a Warning That Small 401(k)s Should Hire Expertise
The lawsuit alleges fiduciary breaches for holding 401(k) plan assets mostly in one company stock and notes that the plan’s trustee had “no meaningful expertise” in portfolio management.Read more >
Ask the Experts: (b)lines
Can CITs Be Used in 403(b)s?
“I read your Ask the Experts regarding exchange-traded funds (ETFs) and 403(b) plans, but what about collective investment trusts? Are they permissible investments in 403(b) plans?”Read more >
Products
NAGDCA Offers Materials for National Retirement Security Week
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 >
Data and Research
Information About Expected Retirement Income Could Increase Savings
Researchers found that letters provided to individuals in Germany about their expected pensions led them to increase their private retirement savings.Read more >
Industry Voices
Barry’s Pickings Online: No More Happy Talk
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 >
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MOST POPULAR STORIES
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage

Among other things, the RISE Act would encourage retirement savings by allowing plan sponsors to offer small financial incentives to motivate employee participation.

TRIVIAL PURSUITS: Residents of the Island of Misfit Toys
December 17, 2013 (PLANSPONSOR.com) – Who/what were the residents on the Island of Misfit Toys in “Rudolf the Red-Nosed Reindeer?”
Working Past Age 65 May Seem Like a Great Idea …

… but the prospects may vary, based on education, race and gender, says CRR.

Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income

Eighty-one percent of respondents to a survey indicate they are at least somewhat likely to prefer a retirement plan that substitutes guaranteed income for safe investments such as bonds.

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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