PLANSPONSOR Weekend Newsdash
Week ending December 1st, 2017
Hello, PLANSPONSOR readers! This week we focus on plan design and administration. A survey found some health care organizations are moving from 403(b) plans to 401(k)s and most, no matter which type of plan they offer, are revamping them to attract more talent. AB suggests six ways defined contribution (DC) plan sponsors can improve their plans. Willis Towers Watson found that while most employees want employers to offer tools to help them improve their financial situation, many balk at receiving targeted, personalized messages. However, Professor Shlomo Benartzi, business school professor at the University of California, Los Angeles (UCLA), Anderson School of Management, shared some tricks for using technology to nudge employees to save more. He said digital displays are attractive to participants because they are anonymous and there is no judgment. Cambridge Associates suggested defined benefit (DB) plan fiduciaries should coordinate across four “levers” that can help improve funded status and mitigate negative impacts of under-funding on corporate financials. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Data and Research
Health Care Organizations Move From 403(b)s to 401(k)s
To retain and attract staff, many health care organizations have been shoring up their retirement plans and, in many cases, updating them to look more like those found in the private sector. Transamerica also found that many health care organizations are moving away from 403(b) plans to 401(k) plans.Read more >
Data and Research
AB Outlines Six Ways to Improve DC Plans Markedly
There are steps that defined contribution (DC) plan sponsors can be taking to improve their plans now, AB says in a new blog, “Six Steps to Take DC Plans to the Next Level.”Read more >
Data and Research
Half of Employees Don’t Want Personalized Messages About Saving for Retirement
Willis Towers Watson found that 53% of employees would like their employers to offer tools to help them improve their financial situation. However, 57% do not want their employer to send personalized messages to people facing important financial decisions.Read more >
Administration
Digital Nudges the Next Step in Improving Participant Retirement Savings
Professor Shlomo Benartzi, business school professor at the University of California, Los Angeles (UCLA), Anderson School of Management, says technology can be used immediately to improve retirement plan participation and savings rates.Read more >
Administration
DB Plan Sponsors Should Balance Four Levers to Improve Funding
No lever alone is enough to close the pension funding gap, according to a report from Cambridge Associates.Read more >
MOST POPULAR STORIES
2021 Target-Date Fund Survey
Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the past.
The DOL Has Begun Retirement Plan Cybersecurity Audits

Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance.

2020 Recordkeeping Survey
Essential Considerations for DC Plan Investment Lineups
The purpose of a retirement plan and the demographics of its participants will help plan sponsors decide what types of investments they need to use to take participants from accumulation to decumulation.

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

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