401k News for Plan Sponsors and Administrators
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Breach of Trust by 401(k) Trustees?

Breach of Trust by 401(k) Trustees? | 401k News for Plan Sponsors and Administrators | Scoop.it
Mutual fund families, despite serving as retirement plan fiduciaries and hosting “open architecture” plans, nevertheless favor their own fund offerings, according to new research.
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401k News for Plan Sponsors and Administrators
The latest news, regulations, and insights surrounding 401(k) Plans for plan sponsors and administrators
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PLANSPONSOR - Choice a Detriment to Public Worker Retirement Savings

PLANSPONSOR - Choice a Detriment to Public Worker Retirement Savings | 401k News for Plan Sponsors and Administrators | Scoop.it

Research suggests that public employees who have their pension benefits reduced will not likely improve savings behaviors to make up for it.

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PLANSPONSOR - Beyond Auto-Enrollment: Auto-Escalation and Stretched Match

PLANSPONSOR - Beyond Auto-Enrollment: Auto-Escalation and Stretched Match | 401k News for Plan Sponsors and Administrators | Scoop.it

The first in a series of articles about how to boost retirement plan participation and engagement beyond automatically enrolling employees.

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PLANSPONSOR - Millennials Better Savers Than Boomers

PLANSPONSOR - Millennials Better Savers Than Boomers | 401k News for Plan Sponsors and Administrators | Scoop.it

More younger savers have increased their retirement contribution in the past year.

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The retirement conversation has to change

The retirement conversation has to change | 401k News for Plan Sponsors and Administrators | Scoop.it
Retirement relates to all other parts of the financial pie, and that s the conversation advisers should be having with clients.
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Financial stress carries over into retirement

Financial stress carries over into retirement | 401k News for Plan Sponsors and Administrators | Scoop.it
Women tend to stress out more than men when it comes to retirement, but they also report more positive experiences in retirement.
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PLANSPONSOR - Employees Want More Active Retirement Plan Sponsors

A new report from Northern Trust finds employees favor companies playing an active role in their retirement plans.

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New generation requires new retirement thinking

New generation requires new retirement thinking | 401k News for Plan Sponsors and Administrators | Scoop.it
To better serve millennials, the financial services community and 401(k) plan sponsors need to better understand the motivations of the typical member of this generation.
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PLANSPONSOR - Updating Communications to Retirement Plan Participants

PLANSPONSOR - Updating Communications to Retirement Plan Participants | 401k News for Plan Sponsors and Administrators | Scoop.it

Retirement plan sponsors should revisit their communications strategies to keep up with participants’ needs and advancing technology.

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Is your plan adviser the right fit? 5 questions to help employers decide

Is your plan adviser the right fit? 5 questions to help employers decide | 401k News for Plan Sponsors and Administrators | Scoop.it
The reality is that monitoring your service providers is an essential component to fulfilling your fiduciary duty as an employer. The tangible tasks that you must take on, such as, reviewing performance and educating participants, are easily executed. The confusion lies in the intangibles.
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PLANADVISER.com - IRS Expands Auto-Feature Voluntary Correction Safe Harbors

PLANADVISER.com - IRS Expands Auto-Feature Voluntary Correction Safe Harbors | 401k News for Plan Sponsors and Administrators | Scoop.it
New safe harbor correction methods related to automatic enrollment features in defined contribution plans are being implemented by the Internal Revenue Service. 
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PLANSPONSOR - Moving the Needle on Retirement Confidence

PLANSPONSOR - Moving the Needle on Retirement Confidence | 401k News for Plan Sponsors and Administrators | Scoop.it

Confidence in retirement is up, according to EBRI’s latest Retirement Confidence Survey, but people realize they could do more to prepare.

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401(k) redesign requires clarity, focus on financial literacy

401(k) redesign requires clarity, focus on financial literacy | 401k News for Plan Sponsors and Administrators | Scoop.it
Designing the ultimate defined contribution plan isn t just about the investments chosen to be in the plan. It is about strategy, a company s mission and core values and the demographics of the workers being served by the plan.
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Cadillac tax likely to become 2016 election issue

Cadillac tax likely to become 2016 election issue | 401k News for Plan Sponsors and Administrators | Scoop.it
Avoiding the Affordable Care Act s excise tax, set to take effect in 2018, is front-of-mind for many benefits decision-makers.
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PLANSPONSOR - Sponsors Should Ask for Indemnification in Provider Contracts

Indemnification clauses cover costs when being sued—but don’t eliminate fiduciary responsibilities.

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PLANSPONSOR - Addressing Retirement Plan Data Security

PLANSPONSOR - Addressing Retirement Plan Data Security | 401k News for Plan Sponsors and Administrators | Scoop.it

Retirement plan sponsors have an additional responsibility to protect participant data.

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5 myths about millennials and retirement

5 myths about millennials and retirement | 401k News for Plan Sponsors and Administrators | Scoop.it
If you think millennials are a generation of young workers who can t be bothered to save for retirement, think again. Fidelity Investments has uncovered the following five myths employers and their advisers should be aware of to better engage and empower their growing millennial workforces:
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Inadequate retirement savings a global issue

Inadequate retirement savings a global issue | 401k News for Plan Sponsors and Administrators | Scoop.it
While employers may recognize that the amount of time employees will spend in retirement is growing, people around the world fail to reflect this trend in their long-term financial planning.
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PLANADVISER.com - Bipartisan Legislation Supports Lifetime Income Disclosures

PLANADVISER.com - Bipartisan Legislation Supports Lifetime Income Disclosures | 401k News for Plan Sponsors and Administrators | Scoop.it
Lawmakers in the U.S. Senate this week introduced legislation that would mandate lifetime income demonstrations and other disclosures in defined contribution retirement plans
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PLANADVISER.com - When a Committee of One Runs a 401(k)

PLANADVISER.com - When a Committee of One Runs a 401(k) | 401k News for Plan Sponsors and Administrators | Scoop.it
Tax-qualified retirement plans run by small business owners must comply with ERISA—whether the sponsor is familiar with the landmark legislation or not.
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PLANADVISER.com - Changes Plan Sponsors Would See with New Fiduciary Rule

PLANADVISER.com - Changes Plan Sponsors Would See with New Fiduciary Rule | 401k News for Plan Sponsors and Administrators | Scoop.it
With so much industry attention fixed on the DOL’s proposed fiduciary rule language, plan sponsor clients will undoubtedly be asking, “What does it mean for us and our employees?”
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PLANSPONSOR - Even NFL Players Could Use Retirement Planning Help

PLANSPONSOR - Even NFL Players Could Use Retirement Planning Help | 401k News for Plan Sponsors and Administrators | Scoop.it

A study finds the bankruptcy rate of retired football players is in line with that of the general population of that age group, even though football players earn much more.

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PLANSPONSOR - A Plan Sponsor Addresses High Earners’ Savings Needs

PLANSPONSOR - A Plan Sponsor Addresses High Earners’ Savings Needs | 401k News for Plan Sponsors and Administrators | Scoop.it

While it worked to boost savings in its 401(k) plan, one plan sponsor did not forget about highly compensated employees’ desire to save for retirement.

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Keep it simple: Getting the retirement message to employees

Keep it simple: Getting the retirement message to employees | 401k News for Plan Sponsors and Administrators | Scoop.it
Pension and benefits administrators are needed more than ever to both guide and direct their employees towards healthy retirement savings and lifestyles.
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PLANSPONSOR - Millennials Expect to Work Past Retirement Age

PLANSPONSOR - Millennials Expect to Work Past Retirement Age | 401k News for Plan Sponsors and Administrators | Scoop.it

Millenials are realistic about their future retirement, with 73% expecting to work past retirement age. 

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