Hello, PLANSPONSOR readers! This week’s newsletter is focused on Plan Design and Administration. Speakers for a Mercer-hosted webcast offered tips for creating a better open enrollment experience. The Internal Revenue Service (IRS) provided model amendments for defined benefit (DB) plans that want to offer partial annuity distributions. Sources discussed handling fiduciary mishaps and also considerations for DB plan funding decisions. And, we continue our series of articles discussing industry groups that are working to protect plan sponsors from onerous burdens and help them with plan design. Enjoy this edition of PLANSPONSOR Weekend!
Two fiduciary compliance experts highlight the mistakes plan sponsors are making that can land them in hot water under the Employee Retirement Income Security Act (ERISA)—some common and others more obscure.Read more >
DB plan sponsors making additional cash contributions to fund their plans should consider locking in those funding gains to reduce the amount of operating cash they allocate to their plans in the future.Read more >
In a series of articles, PLANSPONSOR is focusing on industry groups that work for retirement and health plan sponsors to protect them from onerous burdens and help them with plan design. In this article we focus on The SPARK Institute.Read more >