Whether its benefits enrollment time, or in between opt-in periods, benefit managers are finding that employees are starting to prefer digital options over traditional communication methods. A new Prudential analysis finds that while individual one-on-one meetings and group meetings are still the preferred ways for employers to communicate information, digital communications are gaining ground among employees.
Millennials are 10% more likely to lack health coverage than adults age 30 and over despite paying lower costs, receiving subsidies based on income and possibly staying on their parent's health insurance policy until age 26.
Many benefit managers especially those at smaller companies have never had to help an employee with an accommodation at work or help chart their path back to work after a disability leave.
Last week, the Department of Labor updated its prior guidance on locating missing participants. As before, the guidance technically only applies in the context of terminating defined contribution plans, though it can be instructive for retirement plan fiduciaries trying to locate missing or unresponsive participants.
Baird has a rich 95-year history of providing financial advice and services to its clients and being a best place to work for its associates, earning it ninth spot on Fortunes 100 Best Companies to Work For in 2014. It has been included in the magazines national rankings since 2004, which was right around the same time it started its first wellness program.
Providers of prescription drug discount cards are increasing their efforts to reach out to employers, even as the Affordable Care Act is expected to decrease the ranks of those most likely to use the cards those without health insurance.
Coming on the heels of the U.S. Supreme Courts Dudenhoeffer decision, which eliminated a pro-fiduciary presumption with respect to company stock holdings in qualified retirement plans, the Fourth Circuit issued a decision last week that could cause even more unrest for plan fiduciaries.
With the average wellness incentive reaching nearly $600 this year according to some estimates, its no wonder employers are looking to get more bang for their buck. The right incentive program depends on a host of factors and requires thoughtful consultation with your wellness vendor. Here are 10 best practices from Provant to guide the development of effective incentives.
Commentary: Benefit adequacy is a recently-coined catch phrase among the retirement industry, and with good reason. Many individuals have not saved enough to pay for the costs of health in retirement, let alone broader retirement income needs.
California lawmakers are currently weighing a legislative proposal that would bring vision care options to qualified individuals and employers through an exchange.
Voluntary benefits are creeping more and more into the everyday dialogue of benefit managers and advisers, but for those just getting involved, partnering with voluntary carriers and other vendors can sometimes be a difficult field to navigate.
Even with a four-year high in the hiring, manufacturing and service sectors, benefits managers are utilizing higher pay and improved benefits to deal with their ongoing recruitment challenges.
In a landmark challenge to traditional labor law, the National Labor Relations Board is attempting to lump together McDonalds and its independent franchises as joint employer, which leaves many questions on what this could mean for other collective benefit plan structures.
Hiring and fast turnover are on the rise in offices around the world, including in the U.S., and experts say employers need to look at what it is their employees value most if they want to retain their current talent.
Employers across the country are revisiting their health care cost structures due to the Affordable Care Act. Being able to stave off annual increases in employee health costs, as well as promoting healthy cultures in the workplace, seem to be where HR and benefit plan sponsors at the best performing companies (in terms of managing their health care costs) are focusing their time. Click here to find out their 5 core areas of focus in 2014.