Employer Strategies

On December 5, 2011, the United States District Court for the Western District of Missouri granted preliminary approval to a proposed settlement of the Wal‐Mart 401(k) fee lawsuit (Braden v. Wal‐Mart Stores, Inc.). Under the proposed settlement, the defendants will pay a total of $13,500,000. The settlement also describes several potential changes to the plan's investment options, investment education programs and participant disclosures. …

Professional insurance agents have what insurance customers are looking for, according to research results issued by the PIA Partnership. The PIA Partnership is a group of insurance companies that works collaboratively with PIA National to conduct research and develop tools and resources designed to benefit professional independent insurance agents. PIA is a national trade association that represents member insurance agents and employees who sell and service all kinds of insurance.

The United States on Wednesday faced the prospect of an imminent government shutdown for the third time this year as a year-end fight between Republican and Democratic lawmakers in Congress over taxes and spending turned nastier.

Social media tools now are present on most corporate intranets, with 61% of companies reporting at least one social media tool available to some or all employees. Read what the most popular Intranet 2.0 tools are according to a new social intranet study.

A tighter partnership between corporate finance and human resource executives may be on the horizon as U.S. companies begin to address the implications of health care reform for their reward programs and talent management strategy, according to a new survey by Towers Watson and Forbes Insights. The survey finds that both groups of executives share an expectation of further increases to their health care and other reward budgets in the next few years although, surprisingly, neither sees any change in the mix or cost allocation for their overall reward programs

In 2012, the U.S. life and annuity insurance industry will be challenged to find ways to manage both capital and risk in an economically and politically uncertain year, while continuing to lay the groundwork for future growth, according to Ernst & Young's new Global Insurance Center U.S. Outlook report.

A new ADP survey shows a wide gap between the goals and reality of how employees understand their benefit plans. Eighty percent of human resources decision-makers believe it's important for employees to fully understand their benefit options, yet they estimate only about 60% of their own employees do – a finding with serious implications for how companies communicate one of the most important parts of their employees' total compensation.

Workers in the U.K. and Poland have the most generous statutory employee holiday entitlements while employees in the U.S., Canada, Philippines, China and Thailand have the least generous entitlements, according to an overview of employee regulation and employment practices released by Mercer.

Americans' trademark optimism is intact, at least in regard to retirement, despite the economic turbulence that is reportedly forcing many people to work longer and make do with less. In fact, many retirees found only one downside.

Companies are shaking up their 401(k) retirement plans, trimming lists of mutual fund offerings and shaving the fees workers pay as they prepare for new federal rules that will put more plan information in front of employees.