Employer Strategies

Standard target-date funds may not serve best interests of 401(k) participants, according to Russell Investments’ Josh Cohen.

Many companies will have to conduct cost-benefit analyses in light of the new rules and determine whether or not they will need to reclassify some employees, which could potentially affect their benefits.

As benefits become more complex, organizations are looking for expert guidance – creating opportunities for professionals looking to expand.

In this low-return, low-interest rate environment, there’s a new set rules for offering a list of retirement plan funds, according to wealth management adviser Robert Lawton.

Employers can ensure their summer workforce plans are compliant by asking their benefit advisers for help, according to ADP’s Aldor Delp.

The CEO of PlanSource advances the use of benefits technology through the development of new tools, including a mobile benefits app for employees.

Workers who feel valued are more likely to stay with the company, saving employers on recruitment and even compensation costs, says Impraise’s Andrea Hak.

These basic plans are easy to administer and more affordable than fully insured plans, while still meeting legislated requirements under the Affordable Care Act, says James Perry of Corporate Synergies.

The DOL’s new rules, set to be announced today, offers a “token reduction” in the salary threshold for overtime pay and will cause harm to employers, says SHRM’s Lisa Horn.

Plan sponsors have until Jan. 1, 2017 to comply with the final EEOC rules, which ban plan designs in which more generous insurance options are only available to employees who complete a health risk assessment or biometric screening.