PLANSPONSOR Weekend Newsdash
Week ending September 1st, 2017

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!

Editor's choice
Benefits
Creating a Better Open Enrollment Experience
Leaders from Mercer discuss strategies to enhance the open enrollment season for both employers and employees. Read more >
Compliance
IRS Issues Amendments for Bifurcated DB Distribution
The amendment suggests language a defined benefit sponsor might want to use. Read more >
Compliance
Combating Common and Unfamiliar Fiduciary Mishaps
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 >
Administration
Consider Corporate Financials When Making DB Funding Decisions
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 >
Deals and People
Who’s Working for You?: The SPARK Institute
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 >
MOST POPULAR STORIES
AT&T Sued Over Calculation of Early Retirement Benefits

The plaintiffs say the plan’s terms reduce benefits using “Early Retirement Factors” and “Joint and Survivor Annuity Factors” which result in plan participants receiving less than the actuarial equivalent of their vested accrued benefit, as required by ERISA.

Congressional Leaders Want SECURE Act Passage in 2019

Based on the conversations industry advocates are having in Washington, none of the leadership in the Senate or the House opposes passage of the SECURE Act.

Social Security Administration Announced COLA for 2020

Employees not only need basic education, but they need to know how to include Social Security in their retirement income strategy.

New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans

A former 401(k) plan participant is suing the plan sponsor and plan providers after unauthorized distributions were made from her account.

IRS Releases 2019-2020 Priority Guidance Plan

The IRS invites public comments and suggestions about guidance.

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

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