Commentary: The migration of employers from defined benefit to defined contribution programs has been the subject of a lot of conversation in the employee benefits industry for the past seven or eight years. The Affordable Care Act has galvanized the industrys move forward, and the availability of highly advanced technology is likely to accelerate this transition.
Group annuities are common among 401(k)s because they appear to be cost effective, turnkey options. However, careful due diligence will reveal they are big aggressors when it comes to fees that hinder portfolio growth.
Employees will play fantasy football and will do it in the workplace. It is incumbent upon HR and benefit managers to find ways to keep employees engaged and let them have some fun. But its also important to develop guidelines.
On the 40th anniversary of ERISA, benefits attorney Howard Shapiro contemplates the differences between this landmark piece of legislation and another, the Affordable Care Act.
Insurance underwriting is hardly dramatic enough to warrant a TV show, but there is a forensic component to the annual renewal process.
Commentary: Financial services company BOK Financial enlists the help of a benefits communication vendor to boost participation in its consumer-directed health plan.
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.
Commentary: Health plan sponsors can reduce benefit management burdens by offering plans with fewer but more meaningful choices
From fees and features to funds and fiduciaries, there's lots to consider when reviewing your 401(k) plan.
A recent technical release issued by the U.S. Department of Labor imposes severe dollar limits on employers wanting to make pre-tax contributions to the medical flexible spending accounts for eligible employees.
Multiple vendors providing best-of-breed solutions that are not integrated with each other present budgeting, deployment and management costs and challenges for benefit managers.
People managers should not underestimate the impact of coaching their people to success around individual and shared goals. Its one of the rare benefits that accrues to the organization as much as its employees.
Commentary: One of Americas most enduring mysteries is why the organizations that pay for most health care dont work together to force better value from the health care industry.
Are your retirement plan fees market-competitive? Fees don't necessarily have to be the lowest cost, but they do need to be reasonable.
Many wellness models are based on mythology. Myths like all plans should have disease management, or everyone needs to work on heart disease prevention. How to get past the noise and on to effective interventions? Look closely at your own group its people, its illnesses, and its work environment.