PLANSPONSOR Weekend Newsdash
Week ending February 26th, 2016
NOTE FROM THE EDITOR
Happy Friday, PLANADVISER readers. In this week’s roundup we examine some critical emerging issues in retirement plan communications and education, leading us to the question, what have you done to ensure plan participants understand the real value and power of their employers’ benefits packages? And on the other hand, how much time have you spent learning what clients' employees want and need from their retirement plans?
Editor's choice
Participants and Plan Sponsors Part Ways on Assessing Readiness
Nearly six in 10 retirement plan sponsors say the majority of their participants are saving enough to retire with the income they will need, according to BlackRock’s DC Pulse Survey. But only 28% of the participants surveyed are confident they are saving enough. Where’s the disconnect?  Read more >
Boosting Participants’ Grasp of Benefits Starts With Better Delivery
The reason employers say understanding of benefits is so low? Most participants do not open or read even the basic explanatory materials, say up to 80% of plan sponsoring organizations. Nearly a third of companies said their participants do not perceive value in their benefits. Read more >
How Reliable Are Common Retirement Planning Tools?
Common retirement questions—Will I be able to retire? Do I have enough to retire? Will I run out of money in retirement?—naturally lead to one overarching question: How do I find the correct answer to these fundamental questions? Read more >
Is Retirement Saving Really Crowded Out by Other Priorities?
LIMRA Secure Retirement Institute found consumers who save for retirement are actually more likely to save for other goals, challenging the notion that retirement savings are often crowded out by other savings priorities or short-term spending.  Read more >
PLANADVISER Micro Plan Survey: Universal Opportunity
Perhaps one of the most telling findings from the 2015 PLANADVISER Micro Plan Survey is the increase in the number of retirement plans that work with an adviser and have $5 million or less in plan assets. Also striking, a very solid 74.2% of advisers say they are currently providing some level of one-on-one participant education.  Read more >
MOST POPULAR STORIES
Plan Sponsor Challenged in a Lawsuit for Using Untested Hewitt Funds

The plaintiffs say that since these experimental funds were added to the plan in 2013, they have consistently underperformed their benchmarks, and have underperformed the funds they replaced by tens of millions of dollars.

University of Rochester Called Out for Excessive Fees Paid to TIAA

The lawsuit claims the university failed to adequately benchmark fees, negotiate for better fees, or reveal true fees participants were paying.

Americans Unfamiliar With 529 Plans

A mere 29% know that they are vehicles for education savings, Edward Jones found in a survey

Employees Have Other Financial Issues That Get in the Way of Retirement Readiness

A PwC survey finds employees are struggling with debt and supporting adult children and aging parents, but also are not investing in their retirement plans properly or using health savings accounts (HSAs) to save for retirement health care costs.

Multiemployer Pension Funding a Big Challenge for PBGC, Wider Economy

Multiemployer pension plan insolvencies will obviously be harmful to the participants and beneficiaries of the plans in question, but the loss of the significant economic momentum provided by retirees spending their pension plan assets could also harm the wider economy. 

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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