The sixth annual Lifetime Income ScoreSM (LIS) report includes survey results from more than 4,000 American workers aged 18 to 65. Based on individual responses, it estimates the percentage of working income — the LIS — that American households are on track to replace in retirement.The 2016 findings show year-over-year improvement relative to employees’ thoughts and beliefs about their financial future and a rise in the average LIS. Key indicators point to modern plan design and professional advice as key drivers of these higher confidence levels and income replacement percentages
With the growth of private exchanges for health and welfare benefits over the past few years, more employers than ever are considering the merits of implementing private exchanges to help control costs and managed diverse employee groups. This Guide will help clarify the issues around the use of private exchanges.