PLANSPONSOR - February/March 2020 - 4

ISSUE INTRO
In the Groove
O
ften, some of our most popular stories, both online and in this magazine,
discuss plan governance and compliance. For editors, that content can be
easy to find, as regulatory agencies are always humming, and legal suits
continue to be filed. It's our role to help make sense of these suits, especially as the
experts we talk to express varying views on them. Each story that results is a good
and instructive read. Our cover story this issue, " The Case for a Process " (page 14)
is an excellent resource for plan sponsors, explaining how they can lessen their
plan's exposure to such legal suits. Several ERISA attorneys make suggestions for
how a plan committee can utilize good governance as a good defense.
For the sixth year, PLANSPONSOR is pleased to honor plans by giving its Best
in Class 401(k) Plan designation. The 34 selected were from two groups of sponsors
this year. Most were chosen based on the sponsor's answers to our 2019 Defined
Contribution (DC) Survey. But the industry keeps evolving. So to make sure all
designees are Best in Class according to our current criteria, they need to requalify
every five years. We just reviewed our first designees. See who we honored in " In the
Groove " (page 20). If your plan resembles our honorees' plans and you'd like to be
considered for recognition, complete our annual DC Survey this summer!
The passage of the Setting Every Community Up for Retirement Enhancement
(SECURE) Act has eased the way for employers to offer lifetime income solutions, also
known as guaranteed income products or annuities, in their plan. Notable among the
act's provisions is the addition of a safe harbor clarification, reducing the sponsor's
potential liability in choosing a provider. " A Changed Perspective " (page 30) lays out
the options sponsors have available to-safely-help participants who worry they'll
outlive their income. And " Income Insight " (page 38) discusses the act provision that
participants must be given annual lifetime income projections.
Our PS Coach department covers plan fundamentals. In this issue (page 42), we
examine best practices for summary plan descriptions (SPDs). Sources stress that the
document should be in plain English. It was a nice surprise to see that there's a trend
toward creative presentation and easier to digest information so participants, if they
wish, can more enjoyably access what they need to know about their retirement plan.
Let us know how we're doing at editors@issmediasolutions.com.
-Judy Faust Hartnett, Managing Editor
PRE-CONFERENCE WORKSHOP / June 8, 2020 8:30 a.m.
HSA Essentials Workshop
With their triple-tax-advantaged status and flexibility as both a short-term
and long-term savings vehicle, health savings accounts (HSAs) are part of not
only the health benefits conversation, but the retirement income one as well.
If you're a plan sponsor currently offering, or considering offering, HSAs, join
us for HSA Essentials. Register at plansponsor.com/events/2020psnc/
PUBLISHER: Alison Cooke Mintzer
alison.mintzer@issmediasolutions.com
CREATIVE DIRECTOR: SooJin Chun Buzelli
soojin.buzelli@issmediasolutions.com
MANAGING EDITOR: Judy Faust Hartnett
judy.fausthartnett@issmediasolutions.com
MANAGING EDITOR, PLANSPONSOR.com:
Rebecca Moore
rebecca.moore@issmediasolutions.com
EDITORIAL STAFF: Lee Barney, John Manganaro,
Michelle Theodore, Amanda Umpierrez,
Karen Wittwer
CONTRIBUTORS: Beth Braverman, John Keefe,
Judy Ward
SURVEYS AND RESEARCH: Brian O'Keefe; Angela
Marinakis, Jackie Scott
DESIGN AND PRODUCTION: Donna Bien-Aimé,
Alanna Jacobs, Joy Liu, Linda Liu, Cherese Rambaldi
ART CONTRIBUTORS: Wesley Allsbrook, Chris Buzelli,
Hye Jin Chung, Joe Ciardiello, John Cuneo, Jackie
Ferrentino, Mar Hernández, Brad Holland (cover),
Aya Kakeda, Philip Lindeman, Alex Eben Meyer,
Simone Virgini, Luyi Wang
COMMERCIAL DIRECTOR: Robert Reif
ADVERTISING SALES: Katie Bacon;
Meighan McGowan, Bill Murray, Lisa Reilly
advertise@issmediasolutions.com
SALES OPERATIONS MANAGER: Anthony Groccia
CONFERENCES: Carol Popkins; Katie Campbell,
Rebecca Fahey, Melissa Groccia, Lucille Velander
ACCOUNTING OPERATIONS: Ruth Fissaha,
Doreen Fucci, Ricky Kostik
TECHNOLOGY OPERATIONS: Stephan Dennis,
Ray Lucibello, Aaron Montecalvo, Bhakti Patel,
Jigar Patel, Dexter Reaves
SPONSORED CONTENT AND AUDIENCE DATA:
Drew Donaldson
drew.donaldson@issmediasolutions.com
REPRINTS: Michelle Judkins
203-595-3276 michelle.judkins@issmediasolutions.com
CORPORATE OFFICES: 805 Third Avenue, 21st Floor
New York, NY 10022
PLANSPONSOR (ISSN 1077-1816) is published six
times per year by Institutional Shareholder Services
Inc (ISS). Periodicals postage paid at Stamford, CT,
and at additional mailing offices.
PLANSPONSOR is owned by ISS.
PRESIDENT, CHIEF EXECUTIVE OFFICER: Gary Retelny
CHIEF FINANCIAL OFFICER: Allen Heery
HEAD OF GLOBAL COMMUNICATIONS AND
MARKETING: Nancy Adler
POSTMASTER: Send address changes to:
PLANSPONSOR, 1055 Washington Blvd.,
Stamford, CT 06901
REPRODUCTION POLICY: PLANSPONSOR, Vol. 27,
Number 6. No part of this publication may be
reproduced or transmitted in any form without
the publisher's permission. Authorization to
photocopy items for internal or personal use, or
the internal or personal use of specific clients, is
granted by ISS, provided that the appropriate fee
is paid directly to Copyright Clearance Center,
222 Rosewood Dr., Danvers, MA 01923 USA.
Tel: 978-750-8400. www.copyright.com. ©2020.
Entire contents copyrighted.
4 PLANSPONSOR.COM February - March 2020
o
l
PLANSPONSOR
NATIONAL CONFERENCE
2020
I
W
Orlando
MCO
REGISTER
NOW!
5¢
June 8 -10
2020
The Ritz-Carlton
Orlando, Florida
M
F
r
S
i
*
*
d
N
a
S
U
U
S
R
F
http://www.PLANSPONSOR.COM http://www.copyright.com http://www.plansponsor.com/events/2020psnc/ http://www.PLANSPONSOR.COM
PLANSPONSOR - February/March 2020

Table of Contents for the Digital Edition of PLANSPONSOR - February/March 2020
