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2020 Signature Award Winners - Plan Changes, Large Company
Change – even change for the good – can be difficult for workers to absorb and embrace. Plan Changes – Large Company involve announcing and facilitating changes in plans with more than 5,000 employees in a way that is easy to understand, educational, and engaging to employees. These communications will effectively explain how the change benefits... Read More >>
EBSA Probing ESG Holdings, Policies
The New York Regional Office of the Employee Benefit Security Administration is said to be seeking a long list of information from plans with environmental, social, and governance (ESG) funds – about the selection and review process for those options. In recent weeks, there have been reports of several letters from that office to various plans. ... Read More >>
2020 Signature Award Winners - Overcoming Obstacles
Workplace communication programs must address, and potentially overcome, a wide range of perception biases, environmental constraints, and informational barriers in conveying complex, and yet important issues. Overcoming these obstacles – whether it be in communicating retirement plan issues, or in trying to change contribution/investment... Read More >>
2020 Signature Award Winners - Investment Education
Investment Education This category is for communications to plan participants by their companies regarding investments, investment diversification, or investment changes, including, but not limited to programs that were successful in encouraging employees to take action on investments in their accounts, introducing new investment options,... Read More >>
IRS Provides Temporary Remote Signature Relief
The Internal Revenue Service has provided temporary administrative relief to help certain retirement plan participants or beneficiaries who need to make participant elections by allowing flexibility for remote signatures. Specifically, Notice 2020-42, issued June 3, provides participants, beneficiaries, and administrators of qualified retirement... Read More >>
2020 Signature Award Winners - Financial Wellness
Financial wellness programs work to address employees’ total financial circumstances, rather than focusing solely on retirement. These programs can help employees with cash management, debt reduction strategies, saving for college, home buying and other financial life events that people face throughout their careers. This category seeks to... Read More >>
Executive Report - May 2020
The Coronavirus, Aid, Relief and Economic Security (CARES) Act PSCA has compiled (and continues to update) a list of resources for plan sponsors regarding the impact of the Coronavirus on retirement plans. Regulations DOL Issues Final Regs on E-Delivery Acknowledging that technology has made significant strides over the past two decades—and that... Read More >>
2020 Signature Award Winners - Events and Workshops
Some think that “if you build it, they will come” – but plan sponsors know it takes more. Entries in this category included actions to maximize participation/attendance at a live meeting, event, webinar, benefit fair, etc. with results including retirement plan metrics, participant behaviors, or any other measurement used to evaluate the impact... Read More >>
Stop Including PII on Form 5500 Filings: DOL
The Labor Department wants you (and your clients) to stop including “Personal Identifiable Information” (PII) on Form 5500 filings. Scott C. Albert, QPA, Chief, Division of Reporting Compliance at the Labor Department explains that the agency makes the information in Forms 5500/5500-SF available to the public through the EFAST website, and it is... Read More >>
DOL Issues Final Rule on E-Delivery
Acknowledging that technology has made significant strides over the past two decades – and that many Americans are working remotely during the COVID crisis – the Labor Department has unveiled a new safe harbor for electronic disclosures. The final rule adopted today is “fundamentally similar” to the rule proposed last October, although it does... Read More >>