Wednesday, September 7th, 2022 A biweekly topical newsletter from PLANSPONSOR Boosting DC Plan Outcomes Data and information about plan design, communications and participant needs to help boost employee retirement plan engagement and outcomes. SPONSORED AD Benefits Plan Sponsors: Act Now to Link Student Loan Forgiveness and Retirement Alight Solutions offers tactics for plan sponsors to boost workers’ 401(k) deferrals following the president’s student loan forgiveness announcement. Administration Plan Progress Webinar: Plan Design Considerations to Boost Outcomes Experts suggest plan sponsors pair automatic features with multichannel education and emphasize to workers that they should save for retirement at a rate higher than the enrolled minimum.   Participants Target-Date Glide Paths Are Not Personalized Across Industries Plan sponsors across industry sectors and with widely different wages for workers are using essentially the same target-date fund glide paths, research shows. Data and Research Large Employers Increase Focus on Workers’ Health and Well-Being Despite rising health care costs, employers expect to cover 82% of the cost of employee coverage in 2022, up from 80% the year before, research shows.    Data and Research Retirement Plan Provider Technology Investments Show Success Online savings tools are gaining popularity with retirement plan participants as journey-based website designs and AI-enabled chatbots gain wider acceptance. Products DCIIA Publishes Resource for Introducing a Retirement Tier in DC Plans A new series of papers aims to provide plan sponsors a framework for supporting near retirees and retirees in preparing for retirement. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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