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“About half of the private-sector workforce not contributing to a plan do have access to one or don’t have any access at all.”
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The U.S. fell three spots to 24th in a global retirement ranking, highlighting growing pressure on employers to help workers save and plan for rising costs.
Employers should educate staff on the nuances of every coverage option, advises Benefitbay CEO, ranging from coinsurance to coverage tiers, networks, “incumbent bias,” and more.
Workers estimate they’ll need over $5K in monthly retirement income, but many have no clear strategy for turning savings and investments into a steady paycheck.
Leading benefits professionals — and EBN Excellence in Benefits award winners — share how they are contending with rising health plan expenses.
New JD Power research finds employees with better retirement plan apps are more engaged, more likely to consolidate assets and more likely to stay invested.
