Wednesday, February 15th, 2023 A biweekly topical newsletter from PLANSPONSOR Participant Outcomes News and information about how plan sponsors are focusing on improving participant outcomes. Participants Plans Use Digital Nudges to Move Plan Participants Toward Retirement Goals Duke University's Dan Ariely finds that loss aversion can be used to help participants reframe savings. Data and Research Today’s Employees Expect Retirement Plan Benefit in ‘New Savings Paradigm’ A new Vestwell research report details emerging retirement trends for employers and workers. Benefits Delta Pilots Emergency Savings Program The airline has partnered with Fidelity Investments to run a program in which enrolled workers can earn up to $1,000 to seed an emergency savings account. Compliance Plan Creation in a Post-SECURE 2.0 World SECURE 2.0 creates new tax credits and requires automatic features that will shape plan creation going forward. Administration Empower Joins Fidelity, Vanguard and Alight in Portability Consortium Growing recordkeeper clearinghouse will help participants with balances of $5,000 or less move accounts when they change jobs.  News Biden Uses Address to Pledge Support for Social Security, Medicare The president acknowledged pocketbook issues causing Americans financial stress and proposed legislation to address several in wide-ranging speech. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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