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
DOL ESG Proposal Throws a Cloud Over Prior Guidance
The proposed regulation seems to create stricter limits for ESG investing in retirement plans, but experts say it is not all doom and gloom for plan sponsors and participants who want these investments.
Lawsuit Says Plan Fiduciaries Should Have Chosen Less Expensive CITs

Though the majority of investment options for Estee Lauder’s 401(k) are CITs, the lawsuit argues the TDFs are more expensive private label CITs.

COVID-19 Compliance Corner: IRS Expands CRD Eligibility and Clarifies Loan Rules

Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19 pandemic that affect retirement and health plan sponsors.

FRIDAY FUN Early Edition - July 2, 2020

An early edition of FRIDAY FUN because of the 4th of July holiday.

Another Risk for Retirement Savings: Divorce
Divorced women are especially vulnerable, but targeted messages not just focused on retirement can help.

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

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