PLANSPONSOR Weekend Newsdash
Week ending September 14th, 2018

Providing retirement plan participant education and communication requires knowing what information participants want and need and how they would prefer to receive it. Some communications are required by law. Both types of communications, as well as any education, should be easy for participants to understand. The new trend in retirement plan participant education goes beyond just education about retirement saving and investing into education about overall financial wellness. Plan sponsors need to know how to build a successful financial education program as well as how to measure its success. This edition of PLANSPONSOR Weekend includes articles aimed to help readers with their education and communication duties.

Editor's choice
Participants
Participants Report Diverse Communication Preferences
Results of a participant survey conducted by CUNA Mutual reveal what topics retirement plan participants want to learn about as well as how they want to receive communications. Read more >
Participants
Majority of 401(k) Participants Would Like Online or Financial Professional Help
They want help with calculating how much money to save for retirement, determining how to invest their 401(k) assets, determining the age at which they can retire, and figuring out their expenses in retirement. Read more >
Administration
Proper Asset Allocation Often Overlooked, Sibson Says
Employers can use targeted internal communication and other tactics to help their employees understand asset allocation and empower them to make better choices, Sibson Consulting maintains. Read more >
Data and Research
Employees Not Realizing the Importance of Debt Control in Retirement Planning
Although a majority of workers thought workplace financial well-being programs would be either very or somewhat helpful in better preparing or saving for retirement, fewer than half of workers thought debt counseling or budgeting help would be helpful, EBRI found. Read more >
Compliance
Trump Executive Order Includes Call to Simplify Retirement Plan Disclosures
President Donald Trump asked both the Treasury and Labor Departments to review actions that could make retirement plan disclosures easier to understand for participants and less costly to employers. Read more >
Products
Financial Finesse Designs Financial Wellness Education Program
Financial Finesse has created an online continuing education course for human resources (HR) and financial professionals on Creating an Effective Financial Wellness Program. Read more >
MOST POPULAR STORIES
Adidas Sued Over Excessive Fees for 401(k) Participants

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.

(b)lines Ask the Experts – Proper Delivery Method for SPDs
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
Yale Sued Over Wellness Program ‘Penalty’

The lawsuit says the so-called “incentive” Yale offers for participating in the wellness program are in fact a “penalty” that violates non-participants’ right, and it notes that the Equal Employment Opportunity Commission (EEOC) withdrew the incentive portions of its wellness program rules.

Employees in Two States Miss Out on One HSA Benefit
Is this impacting health savings account (HSA) participation?
Some Help for Women’s Retirement Savings Gap May Be Coming

Some legislative proposals, such as the SECURE Act, may address challenges to retirement income adequacy women face, but there are also things retirement plan sponsors can do.

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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