Employer Strategies

If there was any doubt, the October 2010 401kExchange Opportunity Indices (reporting the percentage of plans that indicate they are currently searching for or thinking of changing recordkeepers, funds or advisers) definitively show that DC plan sponsors are much more concerned about finding the right adviser than changing their funds or recordkeepers.

Recent events and trends have thrust the topic of lifetime income products for retirement plans into the limelight. Retirements among the leading edge of Baby Boomers, medical advances increasing Americans' longevity, the market swoon of 2008 and continuing volatility in the financial markets have all contributed to a consensus that today's workers need options for their defined contribution plans that mimic the retirement income benefits of a defined benefit plan.

If you want employees making better health care decisions, then give employers the data they need to create effective health plan choices.

Despite more than two-thirds of employees' self-proclaimed ignorance of critical illness insurance, the benefit is on the rise. Imagine what improved product knowledge and an enthusiastic broker could bring.

On New Years Day, millions of Americans will awaken to a very unpleasant surprise. Hundreds of medicines and drugs they were able to purchase just the day before on a tax-free basis will no longer be available tax-free.

The Internal Revenue Service has issued guidance to manufacturers and importers of branded prescription drugs on the annual fee imposed by the health care law.

The Department of Labor’s Employee Benefits Security Administration issued a proposed rule aimed at providing participants in retirement plans with more information on how target-date funds operate.

To show the tangible value of telework, a group that works on telecommuting policies has announced the week of Feb. 14, 2011 as National Telework Week.

Finger Lakes Fire & Casualty, a policyholder owned company represented by about 120 independent agents, will now offer LifeStages identity protection services through Identity Theft 911, a leading provider of identity management and data-breach services.

Their respective names are synonymous with reaching new heights, which is exactly what Ascension Insurance, Inc. hopes to do in the employee benefits marketplace following its recent acquisition of Summit America Insurance.