PLANSPONSOR Weekend Newsdash
Week ending September 20th, 2019
Many employees look to employers for help with planning for retirement. Generation X, arguably, may need the most help right now. But, employers can help all generations by strategically designing a defined contribution (DC) retirement plan that will improve outcomes for employees. Offering calculators to employees can spur them into taking more actions to help themselves, and there are lessons from other countries about helping employees do this. Education is also important, as employees need to understand the risks they will face pre- and post-retirement and that with changing market dynamics and improved longevity, investment strategies need to evolve from traditional ideas. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Administration
Plan Sponsors Should Address Financial Squeeze Put on Gen X
Struggling with debt and budgeting, Gen Xers are in their prime earning years, they are getting close to retirement and they are taking care of both their children and their parents.Read more >
Industry Voices
How a More Strategic Eye on Retirement Plan Design Can Alleviate Readiness Issues
As a growing number of America’s aging workers delay retirement, employers should consider applying a multiyear strategy alongside their 401(k) plan to find ways to improve their employee’s ability to retire on their own terms and minimize the higher costs associated with those who are forced to keep working.Read more >
Industry Voices
Taking a ‘Calculated’ Approach to Retirement Readiness
Nathan Voris, with Schwab Retirement Plan Services, discusses how retirement calculators can be a useful resource for employees—by spurring them into action and providing them with more confidence about retirement readiness.Read more >
Administration
Preparing Employees for Retirement, a Global Comparison
Retirement plan sponsors and policymakers can gain ideas from countries with different methods for encouraging retirement security.Read more >
Investing
Market Volatility Not the Only Risk for Pre-Retirees and Retirees
Yet, aside from keeping themselves healthy, they need to realize that with increasing longevity, retirees are no longer considered short-term investors.Read more >
MOST POPULAR STORIES
Furloughs Vs. Layoffs: Which May Trigger a Partial Plan Termination?

‘Companies tend to use the terms interchangeably, which is why it can be confusing,’ says Lorie Maring, a partner at Fisher Phillips.

Coronavirus-Related Distributions From 403(b) and Governmental 457(b) Plans

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.

Employers Can Offer More Student Loan Repayment Help to Employees

The CARES Act allows employers to contribute toward employees’ student loan debt tax-free to employees, and employees need guidance on what they can and should do about deferring payments.

Administrative Considerations for CARES Act Transactions

Plan sponsors need to understand the details and ask themselves certain questions to make sure they are complying with the new law.

DB Plan Relief Included in the CARES Act

The bill provides a delay for minimum annual required contributions and relief for plans that may have benefit restrictions triggered due to a drop in funding levels.

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

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