Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 12th, 2015
Beliefs Range Widely on Social Security Stability
Only 18% of workers think it is extremely likely that Social Security will still be intact when they retire, according to Northwestern Mutual. The vast majority do not think Social Security will take care of their needs, but many still plan to rely heavily on the federal retirement income program.  Read more >
Ease of 401(k) Use Drives Employee Engagement
Efforts to make it easier for employees to save for retirement combined with a strengthening economy have stimulated 401(k) contribution rates and account balances, according to Deloitte’s Annual Defined Contribution Benchmarking Survey. Plan sponsors are seeking help with automatic enrollment, individual financial counseling and mobile transaction processing, Deloitte finds.  Read more >
Firms Want to Keep Older Workers, but Cite Challenges
A new study from LIMRA Secure Retirement Institute found 92% of employers are taking specific action to help older workers stay on the job. Why make these accommodations for older workers? Eight in 10 employers said their organizations lose experience, institutional knowledge and leadership when an older worker leaves. Read more >
SPARK Publishes Updated 403(b) Info Sharing Best Practices
The SPARK Institute released a new version of its publication for plan sponsors at non-profit organizations. Read more >
Barnabas Health Latest to Settle ERISA Suit
The Role of the 401(k) in Today’s Tight Labor Market
Excessive Fee ERISA Complaint Targets Cook Group
Retirement Industry People Moves
MITRE Corp. Faces Familiar ERISA Fiduciary Breach Allegations
Transamerica Launches Financial Educators Academy
Transamerica Retirement Solutions has partnered with the National Financial Educators Council to create the Transamerica Financial Educators Academy, an online program that enables people to become Certified Financial Education Instructors. Read more >
Symetra to be Acquired by Japanese Insurer
Symetra Financial Corporation has entered into a definitive merger agreement with Sumitomo Life Insurance Company. Sumitomo Life, founded in 1907 and headquartered in Tokyo and Osaka, Japan, is a life insurer in Japan with multi-channel, multi-product life insurance businesses. Read more >
Cambridge Adds to Adviser Resources
Cambridge Investment Research introduced a new set of online retirement tools and knowledge resources for its advisers, delivered via the Cambridge Retirement Center. Dan Sullivan, executive vice president at Cambridge, says the expansion includes “industry-leading resources and expertise for retirement plans and individuals saving for life goals.” Read more >
Legacy 401k Partners to Register as RIA
“By being able to register directly, Legacy 401k is able to provide our clients with the highest level of service,” says Patrick Stuhr. Read more >
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