The surge of small 401(k) account balances is the result of a perfect storm — increasing rates of adoption for automatic enrollment combined with the high frequency of job changes observed in today’s mobile workforce.
Is your PBM contract up for renewal? Here’s what you need to know.
Now in their 24th year, the Benny Awards recognize excellence in the employee benefits/human resources field. Here's how you can nominate a deserving benefits professional.
Although legal experts are unanimously proclaiming that SCOTUS' ruling in Tibble will significantly expand 401(k) plan litigation, one expert shares his doubts.
With desks the central point for getting work done, employers often focus on having employees sit at their workstations to complete assigned tasks the entire day. Encouraging employees to stand, stretch, and walk around is counterintuitive.
Commentary: The employer-based retirement plan model has been full of flaws for years, and this ruling is a step in the right direction.
For many benefits professionals, the different private exchange offerings and the varied value propositions they present can be overwhelming. So let’s take a step back and examine the issues one at a time.
Commentary: A few months ago, two major announcements were made in the retirement plan space that profoundly affected retirement plan sponsors and participants.
Just over one year ago, President Obama signed a Presidential Memorandum directing the Secretary of Labor to “restore the common sense principles” related to overtime.
Without an effective strategy or the right tools to reduce costs, brokers and employers continue to embrace cost shifting through payroll contributions and changes to deductibles and coinsurance to manage rising healthcare cost. However, there are resources that can help employers effectively measure the success of a wellness plan, while incorporating specific cost-saving strategies.
The Department of Labor recently announced a proposed set of regulations about retirement plan fiduciary responsibility. Here are the answers to nine frequently asked questions employers have about their fiduciary duties.
Commentary: As the EEOC’s proposed regulations for wellness programs remain under review for public comment until mid-June, employers should not feel paralyzed in designing new wellness programs nor compelled to throw out existing ones.
The benchmark for demonstrating return on investment of population health management programs has been medical cost savings. But that's notion is changing as employers are discovering that several other measures of program success are also in their grasp.
Commentary: Benefits professionals may understand concepts like self-insurance and network discounts, but how effectively are they communicating them to health plan participants?
Forty percent of Americans aren’t receiving regular dental care – and it’s costing employers.
Commentary: 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.
There are a number of reasons why employees leave their jobs — they’re bored and unchallenged, they don't get recognition for their work, they have a strained relationship with their manager — but they are all related to a single problem.
Commentary: The Department of Labor's new proposed fiduciary regulations have caused quite a stir in the retirement plan community. A frequently asked question is who, exactly, will be affected, and who won't be.
It seems that everyone has a smart phone or a tablet and I can’t think of anyone I know who does not have internet access at home. Consequently, plan sponsors ask all the time if they can just e-mail plan documents to employees to satisfy the notice requirements, or maybe just post new plan documents on the company intranet. Recent legal actions serve as a reminder that the short answer to the question is no.
The Affordable Care Act brings new administrative complexity to employers offering health plans, making real-time reporting even more critical.