Employer Strategies

MetLife polled hundreds of human resource and benefits professionals about legal services in a voluntary package, and the top reason given among those who make the offering is improving employee satisfaction (69%).

Many employer plan sponsors are expressing a high level of interest in adding Roth 401(k) in-plan conversions as an option to their 401(k) plans in 2013. The recently passed Taxpayer Relief Act of 2012 made it possible for retirement plan participants to convert existing 401(k) plan balances to Roth 401(k) balances, whether or not the participant is distribution eligible.

Lawmakers, nonprofit groups address gathering of benefit advisers to discuss brokers’ role in health care reform.

The answer to that question is still fuzzy. That’s because while the Department of Health and Human Services has confirmed to Employee Benefit News that health reimbursement arrangements and health savings accounts will be offered on the public exchanges, the organization still hasn’t released the details and regulations surrounding these accounts.

“Those with an income shortfall are far more likely to be low-income, low-asset households, and they spend down their liquid assets at a far faster rate than households that do not have an income shortfall,” says one expert with the Employee Benefit Research Institute.

Mercer is one of the latest companies to enter the private exchange game, and the consulting giant gave employers an opportunity to check out the service during a conference call Thursday. Company executives revealed some of those specifics during the call, especially during the Q&A period for the audience.

Even companies who have no interest in getting involved with a public health care exchange for active employees might help steer their pre-65 retirees toward the marketplace, experts with Fidelity Investments said Thursday.

Even companies who have no interest in getting involved with a public health care exchange for active employees might help steer their pre-65 retirees toward the marketplace, experts with Fidelity Investments said Thursday.

I frequently am asked by plan sponsors and plan administrators about how to respond to a request for plan documentation. Under Section 104(b)(4) of ERISA, a plan administrator is obligated to provide certain information when requested by a participant or beneficiary.

UnitedHealth Group Inc., the biggest U.S. medical insurer, is set to face claims that it failed to properly oversee a Las Vegas doctor who gave colonoscopy patients hepatitis C by mishandling the anesthetic Propofol.