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HR Benefits Management
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Seventh Circuit addresses whether financial service provider is ERISA fiduciary
May 17, 2013The court observed that a person is a fiduciary only “to the extent” it exercises authority or control over plan assets in a case involving a small prosthetic limbs manufacturer and American United Life.
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ETFs can now be placed into retirement plans
May 13, 2013At the end of 2012, $1.3 trillion was held in the U.S. in ETFs, which got started 20 years ago by State Street Corporation. The ability to trade shares in the funds as if they were shares of stock has made them an increasingly significant part of equities.
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CDA reports gap in disability risk assessments
May 13, 2013In an advance copy of Disability Divide: Employer Study provided to EBN, only 26% of HR professionals surveyed believe employees feel it’s very important to prepare for a disability; the same amount thinks employees are in fact properly prepared to withstand a disabling event.
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Hospital fees vary across U.S. for same treatment, data show
May 9, 2013The data from more than 3,000 hospitals that take Medicare, the government’s health program for the elderly, showed that in some cases costs can drastically vary for hip replacements, bone fractures and treatments for kidney failure. The U.S. Centers for Medicare and Medicaid Services said it released the data for the first time to make the overall health system “more affordable and accountable.”
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Most Americans ill-prepared for critical illness
May 9, 2013Ninety percent of Americans lack confidence that they have enough savings to cover emergencies and the long-term implications of serious illnesses, such as cancer, Alzheimer’s or heart disease, reports the National Institute for Wellness Solutions.
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Survey: Most have suffered from bad hires
May 8, 2013Sixty-six percent of U.S. employers report a bad-fit employee has had a measurable negative impact in a new survey from CareerBuilder. France reported the lowest level of instances, with 53%; Russia was highest with 88%.
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Who calls EAP resource lines for assistance and why
May 3, 2013Employees seek advice from EAP/work-life resource hot lines for myriad reasons ranging from professional and financial concerns to help with mental health issues and substance abuse problems. To give employers a better understanding of the issues their employees face and who is likeliest to make use of employee assistance program benefits, ComPsych Corporation, which fields millions of calls annually, recently analyzed gender, age and industry differences in millions of EAP/work-life calls over a 12-month period.
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Plaintiffs must provide evidence of actual damages, even when employer doesn’t keep accurate time records
May 3, 2013Thus, in this case, the plaintiffs had an initial burden of showing they carried flex hours forward into a new work week (in violation of the FLSA), or went entirely unpaid for those hours – a burden they did not satisfy.
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Putting the 'cent' in incentives
May 1, 2013Employers, experts pay closer attention to getting the best return on investment for expenditures on wellness incentives.
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An employer's role in the end of life process
May 1, 2013When helping employees with end-of-life decisions for their loved ones, brokers say offering choices and information is key.
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Same-sex marriage rules seen hampering Wall Street’s recruiting
May 1, 2013While the issue affects only a limited number of employees, it can result in significant costs for companies that have to move workers out of the U.S. or in lost productivity from dealing with an employee’s or partner’s immigration status.
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Survey: Workers wildly unprepared for health care changes
April 29, 2013A full three-quarters of the workforce thinks their employer will educate them about changes to their health care coverage as a result of reform, but only 13% of employers say educating employees about health care reform is important to their organization.
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Supreme Court issues decision in U.S. Airways v. McCutchen
April 18, 2013The case raised the issue of whether a benefit plan administrator is entitled to full reimbursement for payments made to a plan participant injured in an accident where the participant sues and recovers damages from a third party.
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Nothing but the truth
April 15, 2013MetLife poll reveals employers view voluntary legal plans as easy to handle and can improve employee satisfaction.
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2013 to be a growth year in voluntary long-term care
April 15, 2013Tom Rieskse Jr. offers employers advice about what to look for when considering one of the newer multilife long-term care insurance offerings.
