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 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 >
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 >
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 >
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 >
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 >
Getting SECURE Act’s Lifetime Income Provisions Right
Industry sources agree pains must be taken to ensure mandatory lifetime income projections to participants are accurate and contextual education is provided.
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.
The Future for Annuities in DC Plans
The SECURE Act offered an annuity selection safe harbor for plan sponsors, but education will be the first step in getting this income protection to plan participants.
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.

Why Nonprofits May Prefer a 403(b) Plan Over a 401(k)

It often comes down to nondiscrimination testing.

Editorial: Alison Cooke Mintzer


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