Compensation
Compensation
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Automatic 401(k) features including auto-enrollment, as well as plans that also automatically increase participant contributions each year are beginning to have a significant impact on the success of employer-sponsored savings plans, and the balances of participants whove stayed in the game.
June 11 -
Employers in Southeast Michigan have projected an increase in health care costs this year. Still, to retain talent, businesses say they intend to continue offering health benefits to full-time employees, despite price increases resulting from the ACA.
June 10 -
When Horizon Blue Cross Blue Shield of New Jersey froze its cash balance retirement plan in 2009, the organization knew it had to make its new benefit model work for current employees. And as a company charged with making health care work for both its clients and its employees, it realized that the only way to do so was through more education.
June 10 -
Each year Brightscope, a company that aggregates retirement plan data, releases a list of what it believes are the best large 401(k) plans. Here are the six plan features Brightscope says result in a 401(k) plan receiving a high ranking on its list.
June 10 -
Commentary: One of Americas most enduring mysteries is why the organizations that pay for most health care dont work together to force better value from the health care industry.
June 9 -
Employees just arent using their vacation days and its taking a toll...on their health, their work-life balance and, ultimately, affecting the companys bottom line. Using vacation or paid-time off allows workers to recharge both physically and mentally.
June 9 -
Instead of looking outside to increase workforce diversity, companies should first look inside and develop an internal labor map of their own workforce. But, experts caution, analytics alone wont create greater diversity and should be used in conjunction with other tools.
June 6 -
Industry experts provide an overview of three new voluntary products that employers might not know about yet so benefit advisers and brokers can get a leg up before a competitor does.
June 6 -
Most people wouldn't buy a car without shopping around and doing some online research first. Youd think that people would show similar interest when shopping for health insurance.
June 6 -
As employers face growing challenges with employee disengagement, many are looking toward wellness programs as the surest route to improve morale and workplace culture. And while the Affordable Care Act offers improved incentives to support workplace wellness programs, employers arent rushing to take advantage of them.
June 6 -
Millions of ACA application inconsistencies come as no surprise to benefit advisers and could trigger an influx of business to brokers from confused 2015 ACA enrollees.
June 6 -
Even as employers of all sizes report increased success in their participants savings rates, having sufficient savings and income in retirement remains a top concern for many employees.
June 6 -
A recent appellate court ruling may affect the ability of the Equal Employment Opportunity Commission to challenge "inflexible" employer leave policies, policies that result in the termination of employees who are unable to return to work after the fixed leave period.
June 5 -
Baby boomers are redefining retirement, with many saying their ideal retirement will include working often in new, more flexible and fulfilling ways. As a result, employers should be preparing for a new battle to keep their older workers engaged as they near retirement.
June 5 -
Although most employers review retirement plan costs annually, many are not assessing fees evenly across all asset classes and thats where benefit advisers come in.
June 5 -
Auditing fees may not be inconsequential, but the fact is that an accurate audit including both pharmacy and medical claims has the potential to pay back the investment many times over.
June 4 -
With the impact of health care reform still evolving, employers are taking a fresh look at their strategies for keeping employees healthy and productive.
June 4 -
Industry experts say that while unlikely, the historically stable product line may have the potential for price changes as its sales continue to rise.
June 4 -
Online enrollment for the Small Business Health Options Program (SHOP) on the federal exchanges will be operational later this year, according to a spokeswoman at the U.S. Centers for Medicare and Medicaid Services.
June 3 -
With specialty drugs expected to reach as much as half of total drug expenditures within the next few years, pharmacy benefit manager CVS Caremark has launched a new program designed to make the process of filling specialty medication prescriptions easier for plan members.
June 3