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Although some employees tend to breeze past beneficiary elections, a new Supreme Court ruling may give them pause.
In Kennedy v. Plan Adm. for DuPont Savings, the justices unanimously ruled that a pension plan administrator was in compliance with ERISA when the fund disbursed proceeds to a plan participant’s ex-wife, who had waived her rights to the pension in their divorce decree.
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Learn how to show appreciation for retiring employees with strategic, meaningful approaches that strengthen culture and workforce continuity.
Mindful of cumbersome rules and the potential for blended-family feuds, advisers can help take the lead on keeping the peace for benefit plan participants.
Regardless of the compensation method, the future of health benefits belongs to transparency, and nothing is more transparent than acting as a fiduciary adviser.
Experts predict how innovations will make employer-provided benefits more personalized, easier to use and lead to better outcomes.
Health plan sponsors must know the direct and indirect compensation paid to benefit brokers, consultants and medical and prescription drug claims administrators.
