Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 6th, 2015
American Retirees Might Be Under-Annuitized
Contrary to a widespread fear caused by the shift from defined benefit to defined contribution retirement plans, there is little evidence that the annuity-like income share of total income over the past three decades has, in fact, fallen for aged families, especially for low-income older families, according to the Center for Retirement Research at Boston College. Read more >
Best Interest?
Even if you personally haven’t voiced your opinion on the new fiduciary definition, you needn’t worry because someone else probably has; the industry, the media and even Congress have been discussing and debating it since the rule was made public. Read more >
When Onboarding New Participants, Keep It Simple
Experts discuss new ways to get younger employees engaged with the retirement plan—and keep them there. “Inertia works for everyone,” says Matt Adamson, senior business leader of total rewards for Mastercard in Purchase, New York. Where possible, automatic plan features can be the best way to get young employees saving. Read more >
Advice to Plans and Participants
408(b)(2) fee disclosures now play an important role in DOL investigations. Labor investigations now often include specific questions about such disclosures, warn Fred Reish and Joan Neri of Drinker, Biddle & Wreath. They are also seeing the Securities and Exchange Commission raise prohibited transaction issues about plans and IRAs it encounters in its examinations. Read more >
MOST READ ARTICLES
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Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes
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Pass-Through Tax Reform Impact on Small Businesses May Be Mitigated via Roth
3
Settlement Ends Fujitsu Lawsuit Filed Over Plan Fees, Custom TDFs
4
CenturyLink Sued by Plan Participants Over Large Cap Stock Fund Construction
5
DOL Rule Provides Tailwind for Adoption of Outsourced Fiduciary Services
Older Individuals Face Job-Search Challenges
Research shows that many older workers plan to stay at work or enter new careers in retirement for financial reasons, to keep benefits or to stay engaged. In a recent AARP survey, 14% indicated a major barrier to employment was that benefits were not adequate at jobs they were pursuing, and 16% indicated they were not physically able to perform job duties. Read more >
Advisory Committee Suggests Additional Guidance for 403(b)s
Seven years after new IRS regulations were implemented 403(b) plans still have trouble with compliance. The Internal Revenue Service Advisory Committee on Tax Exempt and Government Entities has issued a report of recommendations about the issue.  Read more >

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

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

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