Compensation
Compensation
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An advisory group urged U.S. officials to formulate a set of essential health benefits under President Barack Obama's health care overhaul that is in line with cost of insurance in a typical small employer plan.
October 11 -
Investors appear to have switched gears from focusing on replenishing their balances from 2008s market downturn to taking all of the responsible steps to prepare for retirement, according to Principal Financial Groups analysis of retirement plan participants behavior in 2010.
October 6 -
October marks the start of open enrollment season for many American workers their annual opportunity to reconsider and re-elect the benefits made available by their employers. The Growing Importance of the Workplace, the first in a series of research briefs stemming from Prudential's Sixth Annual Study of Employee Benefits, found that 80% of workers believe the workplace is an important source for personal insurance and savings products.
October 6 -
Here’s a scenario for you: a group health and wellness client you’ve represented for over ten years approaches you to be his/her adviser on a 401(k) plan. Congrats! You’ve worked hard to position yourself as a valued adviser. No doubt you’d like to reap the fruits of your labor. But your next action is extremely important. It may have not only ethical consequences, but legal ones as well. It is vital that you go forward with a
October 6 -
A top Labor Department official defended the controversial plan to expand the definition of "fiduciary" to cover people providing advice to retirement plans on a commission-based model, a proposal strongly opposed by industry groups representing independent broker-dealers and advisers.
October 5 -
In the midst of a gaping hole in life insurance coverage, Mintel Comperemedia, a research and consulting agency that specializes in direct marketing, released statistics regarding the life insurance sectors marketing targets and finds that carriers are drifting further and further away from the bulls-eye.
October 4 -
A significant number of advisers who serve 401(k) plans will ramp up their retirement income planning practices over the next few years, according to a new report from Principal Financial, called the 2011 Best Practices in Retirement Income Planning Study.
October 3 -
After several years of relatively modest premium increases, annual premiums for employer-sponsored family health coverage increased to $15,073 this year, up 9% from last year. On average, workers pay $4,129 and employers pay $10,944 toward those annual premiums.
October 3 -
Twenty-five percent of employers have little or no understanding of specialty pharmacy and 53% have only a moderate understanding of this challenging benefit according to a new survey released by the Midwest Business Group on Health.
October 3 -
Executives, business owners and other high net worth individuals are actively looking for ways to preserve their estates, not only for their family members, but also for charitable organizations.
October 1 -
I couldn't believe my eyes. I stood a mere three feet away from the mentalist Alain Nu, who lightly pinched the handle of the heavy, solid spoon between his thumb and fingertip. As I watched in amazement, the curved handle of the spoon . . . slowly began to . . . bend! . . . and it continued to bend . . . without Nu touching it.
October 1 -
As successful and focused defined contribution retirement plan advisers continue to grow their businesses at a rapid pace, they logically look to hire salespeople to take advantage of the many opportunities coming their way.
October 1 -
Experts agree that taking a loan from your 401(k) plan is rarely a good idea. But research suggests participant loan-taking from 401(k) plans is on the rise, particularly since 2008, when layoffs and financial turmoil left many American workers with nowhere else to turn for funds.
October 1 -
Most advisers know the basics of FMLA. The Family and Medical Leave Act is the federal law that requires employers to provide employees with a job-protected, unpaid leave of absence from work for a variety of family reasons, including military leave or their own medical-related needs. FMLA strictly regulates the process that employers must follow to comply with the law.
October 1 -
Pharmacy-related wasteful spending topped $403 billion in 2010, up from $163 billion in 2009, according to the 2010 Drug Trends Report by Express Scripts. Between 2010 and 2014, estimates put the figure at more than $1.2 trillion.
October 1 -
Historically, the retirement industry hasn't been required to publish all fees and expenses associated with 401(k) products. That's about to change.
October 1 -
Since 2008, Mass Metal in Lawrence, Kan., has helped individuals buy, hold and sell gold and silver through its online service, SilverSaver. Now the company is offering SilverSaver as a voluntary benefit program.
October 1 -
According to a LIMRA report released late last summer, "Voluntary Worksite Benefits: Penetration and Market Potential," almost one-third of all employers are considering offering new voluntary benefits to replace existing benefits that are paid entirely or in part by the employer.
October 1 -
Despite their "constantly wired" reputation, Generation Y employees don't use online resources such as forums or blogs to access voluntary benefits information any more than other workers do, according to new research. And they're significantly more likely than other workers to turn to a family member or friend for information.
October 1 -
As the economy picks up and companies begin to shift focus from maintaining financial stability to cultivating employee growth, performance management will prove to be a key way to enhance employee engagement and job satisfaction.
October 1