Wednesday, November 15th, 2023 A topical newsletter from PLANSPONSOR Participant Outcomes News and information about how plan sponsors are focusing on improving participant outcomes. Administration Portability Services Network Officially Launches The launch comes about a year after the program was announced in 2022, with the goal of capturing lost or terminated accounts and preventing 401(k) plan leakage.  Benefits Abbott Labs Releases Blueprint to Help Employers Offer Student Loan Benefits As student loan debt is a key driver in many employees’ financial stress, Freedom 2 Save—first implemented in 2018—could be a model for how to implement student loan payment benefits. Benefits How One Employer Successfully Guaranteed Lifetime Income for Its Employees For plan sponsors looking to implement in-plan retirement income but are scared to take the leap, RTX’s Lifetime Income Strategy can serve as an example. Benefits Selecting Retirement Income Options a ‘Deliberate’ Journey For plan sponsors who want to add decumulation options to defined contribution plans, taking a considered approach and fulfilling simple steps first are key.   Benefits Is It Time for an ERISA Reboot? Many industry experts believe there is a need for an ‘ERISA 2.0’ that includes a stronger framework for universal coverage, lifetime income, defaults and more. Benefits PLANSPONSOR Roadmap: The Financial Security Journey Experts recommended maintaining regular outreach and measuring success as ways to champion a financial wellness plan.  Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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