PLANADVISER Weekend Newsdash
Week ending December 21st, 2018

Happy Friday, readers! It’s hard to believe, but this will be the last edition of PLANADVISERweekend for 2018. It is fitting that the subject is health care and financial wellness, seeing as the holiday season offers for many a time to reflect on what really matters in our busy lives. Everyone has their own traditions to welcome the New Year, but few would argue that good physical and emotional health are among the most important elements of happiness. In that spirit, we offer below some new ways that advisers and their plan sponsor clients can help workers take charge of their physical, mental and financial health in the next year.

Health Care and Financial Wellness
Education and Better Investments Needed to Propel HSAs to Retirement Savings Vehicles
The frequency of withdrawals prevents HSA account holders from building a meaningful balance to use for health care expenses in retirement, and individuals are unlikely to allocate their assets to investment products if their primary goal is to fund short-term medical expenses, Cerulli says. Read more >
Employers Describe Financial Wellness Initiatives as Pilot or Ad Hoc Programs
Few employers surveyed by the Employee Benefit Research Institute currently consider the financial wellness initiatives as “holistic” programs, and they noted challenges to offering these programs. Read more >
Selecting the Optimal Investment Lineup for HSAs
Health savings accounts have been used largely like checking accounts, so cash is the largest component of most HSAs, Jamie Greenleaf, lead advisor/principal at Cafaro Greenleaf, told attendees of PLANSPONSOR’s 2018 HSA Conference in New York City. Read more >
Finding Money for Both HSAs and Retirement Plans Can Be a Challenge for Employees
Willis Towers Watson suggests portals integrated with financial planning tools can help employees make strategic decisions about where to best save their money based on their unique financial situation. Read more >
Health Care Unknowns Have Always Vexed Retirement Planners
A new “Cost of Long-Term Care” analysis published by Moll Law Group underscores the fundamental difficulty of planning for the health care unknowns faced by all retirement savers. Read more >
Concerns About Retirement Health Care Costs Increasing Interest in HSAs
However, only 8% of respondent to a ConnectYourCare survey are seeking advice about how much to contribute to a tax-advantaged health savings account. Read more >
MOST POPULAR STORIES
SECURE Act Ensnared in Senate After Flying Through House
Washington insiders say Senator Ted Cruz is probably the biggest roadblock to the SECURE Act being passed in the near-term under unanimous consent; among other issues, he wants the bill to allow people to use tax-advantaged 529 college savings accounts to pay for home school expenses.
Adidas 401(k) Lawsuit Argues Passive Funds Best for Participants

Participants allege Adidas’ decision-making, monitoring and soliciting bids from investment funds was deficient

Dow, DuPont and Corteva Sued for Allegedly Ducking Pension Obligations

According to plaintiffs in a new ERISA lawsuit, the pension plan in question was underfunded by nearly $6 billion dollars when its assets and liabilities were transferred to a spinoff company.

Retirement Industry People Moves

Insight Investment names portfolio strategist; Ascensus adds RVP to cover northern Texas region; QMA announces chief business officer; and more.

Newly Allowed 401(k)s Will Need Advisers
Advisers may shy away from helping hemp and CBD companies with their 401(k)s because they may find themselves crossing into advising for a cannabis company as well, but there are protections—and money to be made.

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

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

Subscribe to Adviserdash, click here.
To unsubscribe, click here.
BrightScope / CIO / FWW / Global Custodian / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund / The Trade