Deals and People October 4, 2017

2017 Annual Defined Contribution (DC) Survey Now Open!

Looking to benchmark your DC plan? Want to recognize your provider/service team for outstanding service or offer confidential feedback about areas for improvement? Our annual DC Survey can help.

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Throughout October, PLANSPONSOR will be accepting responses to our annual Defined Contribution (DC) Survey. This survey is our most important survey of the year and seeks to understand both plan design trends and recordkeeper service satisfaction. Last year, more than 4,000 plan sponsors contributed to this effort, making it one of the largest independent sources of plan benchmarking and trend data in the industry.

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As a “thank you,” PLANSPONSOR will send respondents a free 70-page Industry/Plan Benchmarking report (based on survey results) later this year. Responding organizations will also be considered for our Best in Class 401(k) Plan designation and will have the opportunity to nominate members of their account/service team for our annual Service Stars Awards. Results from the survey will also inform many of the stories we will write in 2018, and will be published separately starting in December 2017.

If you are a defined contribution plan sponsor and would like additional information about how to participate in the survey, please email Jackie Scott at jackie.scott@strategic-i.com. If you are an adviser/consultant or work for a recordkeeper and would like information about how you can help ensure they are represented in the final results, please contact Brian O’Keefe at brian.okeefe@strategic-i.com.
Products October 3, 2017

HealthEquity and Ubiquity Announce HSA Partnership

The combined services of the firms are being rolled out in response to employers asking for a comprehensive investment strategy that ties health and retirement benefits together.

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Ubiquity Retirement + Savings announced a partnership with HealthEquity, Inc., a national provider of health savings accounts (HSA) as a non-bank custodian, meant to encourage individuals to save toward their future while also saving for health care expenses.

According to the firms, the integration of Ubiquity Retirement + Savings and HealthEquity services will encourage employers and their employees to invest in both HSAs and 401(k)s. The end goal is to help participants maximize tax benefits, contribution rates, investment returns and overall savings.

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“While 401(k)s and HSAs have benefited sophisticated savers separately over the last several years, the market has failed, to this point, to produce a viable combination of the two accounts that can be easily accessed and managed by small businesses,” says Chad Parks, CEO of Ubiquity. “Ubiquity and HealthEquity will offer optimal contribution and investment strategies to employers while employees will be able to see their 401(k) and HSA balances from either platform.”

Jon Kessler, president and CEO of HealthEquity, says the combined services of the firms are being rolled out in response to employers asking for a comprehensive investment strategy that ties health and retirement benefits together. “Empowering employees to make decisions about consumer-driven health care and retirement together will create a long-term plan for retirement savings,” he adds.

More information is available at www.myubiquity.com.

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