Employer Strategies

How high-cost specialty drugs are altering the duties of the benefit adviser and pharmacy benefit manager

While there are several reasons pension plan sponsors are looking to address risk in their plans, reducing Pension Benefit Guaranty Corporation premiums remains a concern many plan to address in the coming year.

The roll-in is one of the more valuable, yet under-appreciated, 401(k) plan features.

The definition of wellness seems to be broadening, with benefits such as vacation days, community volunteering and workplace celebrations taking the stage as top wellness initiatives,

Having a goal, understanding the workforce and communicating in a variety of ways helps increase participation.

Success in today’s complex business environment has become greatly dependent upon workforce productivity, and having employees who understand proper safety controls can greatly enhance the chance of increased profitability for an organization.

Private exchange technology platforms are the cornerstone of the new benefits administration market.

As many brokerages offer a private exchange to their clients, carriers who run their own are working extra hard to educate customers about their offerings, says Lisa Feddema, director, exchange management, Health Care Service Corp.

Most 401(k) plan sponsors work with an investment adviser to help them manage their 401(k) plans. Many are unaware that it is reasonable to expect their investment adviser to help with various vendor management duties.

Educating employers and employees about retirement using a holistic approach, advisers say, has increased employee understanding and engagement in their benefit plans.