Benefits Think

This critical decision point in the retirement plan’s design process will have an impact on the ultimate success of your objectives.

As with any new, broad-based skill, building data literacy throughout your human resources department requires a concerted effort. Here are five ways to get started.

Employers be prepared: A false out-of-pocket cap could create a financial bear trap for employees.

No change was announced to the HSA catch-up contribution limit but married couples need to look into the details.

Employees should first max out HSA contributions regardless of their tax bracket, and contribute to their traditional retirement plans afterwards.

Providing telehealth visits and offering workers a personal advocate to transfer medical records or schedule appointments are among the strategies employers should consider.

For companies, the arrangement can mean a healthier workforce, better care for their employees and less money spent paying for employees’ medical bills.

Employers be prepared: A false out-of-pocket cap could create a financial bear trap for employees.

Plan sponsors can help find retirement accounts with the help of “auto-locate,” a technology that creates links between record-keeping systems and establishes a virtual database of all employee records.

In a major win for employers, SCOTUS held that arbitration agreements with class action waivers do not violate the National Labor Relations Act.