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Would a cartographer be considered successful if only 25% of those using his maps arrived at their intended destination? Similarly, should we consider the current approach to 401(k) plan administration effective given that only a quarter of participants are on track to fund their retirements?
Plan success is currently measured by participation rates. This needs to change.
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In addition to finding success with a self-funded model, an in-house program gives Fello's employees access to cost-free primary and urgent care.
Transamerica Institute finds more middle-class workers expect to fund retirement through 401(k)s and other savings, but financial pressures could derail those plans.
Public sectors are approaching chronic disease support out of necessity, leading to benefits that build a stronger workforce.
A financial spreadsheet alone cannot capture the total value and performance of a benefits program, nor can numbers on a ledger guarantee long-term operational success.
The health and welfare leader and 2026 Excellence in Benefits honoree is guiding the bank in navigating them all.
