Financial wellness was a topic du jour this week, as a couple of providers announced availability of financial wellness programs and research offered insights to the unique financial wellness needs of different employee groups and factors to achieve financial wellness—one study suggested taking care of health can lead to financial wellness. In other news, two research reports suggested that defined contribution plan (DC) participants will have to seriously bump up savings to make up for the lack of defined benefit (DB) plans. The announcement of a settlement with the Department of Labor (DOL) shows it is focused on enforcing compliance with the Affordable Care Act (ACA), and the Securities and Exchange Commission (SEC) issued an interpretation that will bring a sigh of relief to certain plan sponsors offering brokerage windows in their plans. Enjoy this edition of PLANSPONSOR Weekend!
A lumber producer made changes to its health care plan, falling out of “grandfathered” status under the ACA, but kept administering it as a “grandfathered” plan.Read more >
The SEC says whether offering a brokerage window in a 401(k) through which investments in employer securities can be made involves an offer of employer securities requiring Securities Act registration depends on the extent of the plan sponsor’s involvement.Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >