PLANADVISER Weekend Newsdash
Week ending October 4th, 2019

Retirement income is increasingly on the minds of plan sponsors, so it is a topic that advisers need to at least begin to explore. It certainly was a big topic at our recent PLANADVISER National Conference. Some experts think that within the next few years, sponsors will begin to embrace retirement income options. The Transamerica Center for Retirement Studies thinks that at least part of the solution is permitting people age 65 and older to phase into retirement. At the very least, advisers should suggest that plans amend their plan documents to permit retirees to take systematic withdrawals, rather than a lump-sum distribution, experts say. And they warn that many recordkeepers charge transaction fees as high as $50, so that is something advisers will need to negotiate on behalf of their clients, should they go down this route.

Retirement Income
Illustrative Stories Can Help With Understanding Retirement Income Choices
Whether by video or written text, researchers found a short story significantly improved test scores about annuities and Social Security claiming. Read more >
Retirement Income Coming Soon to a 401(k) Near You
Experts believe that in the next few years, DC plan sponsors will embrace this option. Read more >
Helping People Work Past Age 65
While 75% of employers consider their companies to be “aging friendly,” only 54% of workers think their companies have adopted such policies. Read more >
PANC 2019: Unlocking the Retirement Income Dilemma
Sponsors are beginning to be willing to adapt their plans to accommodate retirees’ lifetime income needs. Read more >
PANC 2019: The Fundamentals of Retirement Income Products
Thanks to legislation such as the SECURE Act, new products and the need, the market is warming to guaranteed income. Read more >
MOST POPULAR STORIES
Barnabas Health Latest to Settle ERISA Suit

A settlement has been struck in an ERISA lawsuit involving the New Jersey-based health care provider a little more than a year after a judge allowed the case to proceed past the defense’s motion to dismiss.

The Role of the 401(k) in Today’s Tight Labor Market

Designing a retirement plan that meets the needs of the business—and today’s employees—requires a fresh outlook.

Olin Corp. Soundly Defeats ERISA Lawsuit

The judge’s opinion sides firmly against the arguments made by the plaintiffs in the case, who are among the many litigants currently represented by the law firm Capozzi Adler.

Retirement Industry People Moves

SageView Advisory Group acquires Los Angeles-based wealth management firm; OneAmerica brings aboard new head of retirement business development; NFP appoints surety leader in Canada; and more.

Excessive Fee ERISA Complaint Targets Cook Group

The large medical-device-manufacturing organization is facing familiar fiduciary breach allegations in federal court in Indiana.

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