Week ending September 9th, 2016 As open enrollment season approaches, we report about how helping employees choose the best health care option for them can also benefit employers. While wellness programs may be part of many employers’ health benefit offerings, research reveals the barriers to employee engagement in these programs. The big news this week is that we opened up our award nominations for Plan Sponsors of the Year and Plan Advisers of the Year. In other research, we see that plan sponsors view their plans as a means to provide lifetime income, but are hesitant to adopt lifetime income solutions. The GAO just released a report about recommendations it made to the Department of Labor (DOL) to address sponsors’ fears. And, finally, research from State Street reveals what makes a defined benefit (DB) plan sponsor a “governance leader.” Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice Deals and People 2017 Award Nominations Are Open Nomination forms for the 2017 PLANSPONSOR Plan Sponsor of the Year Awards and Retirement Plan Adviser of the Year awards are now available.Read more > Benefits Research Reveals Barriers to Wellness Program Engagement The biggest barrier reported by non-participants was a lack of information.Read more > Data and Research Sponsors Greatly Value Retirement Income However, they are waiting on safe harbor guidance from the DOL before offering annuities in plans.Read more > Compliance GAO Makes Recommendations for Lifetime Income Options in 401(k)s GAO gave the DOL seven recommendations to address 401(k) plan sponsors’ fear of offering lifetime income options in their plans.Read more > Data and Research DB Sponsors Focused on Governance Have Better Outcomes A study by State Street shows that a commitment to improved governance standards can have wider benefits for pension plans.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 >
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