PLANSPONSOR Weekend Newsdash
Week ending September 30th, 2016
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!
Editor's choice
Benefits
Fidelity Finds Individuals Have Unique Financial Wellness Needs
Emergency savings, budgeting and prioritizing goals are concerns all plan sponsors should address in their financial wellness programs.Read more >
Data and Research
Research Reveals Factors to Achieving Financial Wellness
One of those factors is having employee benefits to help cover unexpected expenses.Read more >
Data and Research
As Pensions Fade, Retirees Will Need More Savings
Future retirees will need upwards of $400,000 to make up for the pension income shortfall, IRI says.Read more >
Compliance
DOL Reaches Settlement With Company Over ACA Violations
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 >
Compliance
Company Stock Registration Not Necessarily Required With Brokerage Window
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 >
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MOST POPULAR STORIES
2021 Plan Sponsor of the Year
PLANSPONSOR is pleased to announce the 2021 Plan Sponsor of the Year finalists.
How to Effectively Measure Retirement Plan Success
It’s important for plan sponsors to define plan goals and what they are going to measure, and the defined metrics should be things they can influence.
2020 Recordkeeping Survey
A Checklist for Retirement Plan Committees
Experts discuss what main facets of a retirement plan that a committee should cover in its quarterly meetings.
Settlement Reached in Insperity 401(k) Excessive Fee, Self-Dealing Suit

Among other things, the lawsuit accused Reliance Trust Co. of selecting funds for the plan that would benefit itself.

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

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