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At a recent session presented by the Midwest Business Group on Health, one large and one small employer offered insights into how they made the decision to maintain health benefits or offer workers coverage via an exchange.

This new feature will start your week with three important facts, changes or conversations from recent events. Want to keep on top of developments in benefits, health care, finance and employment? Then these are Things You Need to Know.

Bank of America Corp., the second-largest U.S. lender, attracted record new assets last year to its unit servicing retirement and other employee-benefit plans as it cross-sold products through the commercial bank.

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.

Employers have started to “nudge” employees towards better savings and investment in their defined contribution (DC) plans, but many employees still aren't saving enough. Using automatic defaults in contributions and investments helps, but may not produce adequate retirement income for most employees. Even if an employee accumulates sufficient assets, there’s still the problem of managing those assets during their retirement years. To help employees make the most of their retirement savings plan Alan Vorchheimer, a principal at Buck Consultants, offers 8 strategies for DC retirement plan sponsors. [Images: Shutterstock]

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.

As growing numbers of employers enhance their online branding and communications via social media, the National Prevention Information Network offers tips on Twitter setup and strategy.

The average U.S. balance rose 12% from 2011 to $77,300 as of Dec. 31, 2012, according to a report this month.