Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 31st, 2015
N.J. Employers Could Be Forced to Provide Retirement Accounts
The New Jersey Senate budget committee has approved a bill creating a retirement program for private-sector workers that are not offered employer-sponsored plans. Read more >
3rd Circuit Reiterates Only Churches Can Establish Church Plans
The 3rd U.S. Circuit Court of Appeals has affirmed a district court ruling on an employer’s eligibility to establish a church plan under ERISA and the tax code. The court is the first of the appellate courts to rule on recent church plan litigation. Read more >
10 Technological Developments of 2015
New Jersey is the latest state to make a move toward a state-run retirement plan for private-sector workers. Read more >
Taking on Health Care Expenses
While a recent report from the National Association of Government Defined Contribution Administrators estimates that a 65-year-old couple retiring today should expect to spend $220,000 on health care over the course of a 20-year retirement, the costs could range as high as $400,000. Read more >
MOST READ ARTICLES
Investment Menu Reform Case Study
It’s more or less common sense that making retirement plan investment menus easier to use will lead to better outcomes, but a new paper strives to more carefully quantify the effect. Read more >
‘Overwhelmed’ Consumers Could Use Help
The bad news, according to a new study, is that consumers put cell phones before retirement accounts when choosing how to spend their money. The good news is that many would like to allocate more toward retirement planning and know they need help. Read more >
NQ Plan Sponsor to Pay for Failing to Withhold FICA Taxes
An employer has agreed to pay more than $3.3 million to nonqualified plan participants for not withholding FICA taxes from their plan contributions. Read more >
DIVERSIONS: And the Worst Hotel Guests Are...
Noisy kids and noisy elevator riders are a drag, say hotel guests. And watch out for that couple in the hot tub. Read more >
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