Employee benefits

While some retirees have seen a substantial increase in spending, many others are enjoying financial freedom.

CommonBond is ensuring employees can qualify for employer retirement contributions while they pay off their student loans.

Here are some important steps employers can take to help employees make healthy choices during the daily lunch break.

Quizzify has created a quiz on the coronavirus to “help people find the sweet spot between hysteria and negligence,” says the company’s CEO.

Voluntary benefits set employers apart in the war for talent; how do brokers choose which ones to bring to their attention?

“If we don't have a game plan for how to educate employees, everything is for naught,” says Nick Rockwell, president at Eastbridge Consulting Group.

“We need to build health plans that incentivize employees to make better healthcare choices based on quality,” Jim Blachek, CEO of Dynamic Benefit Solutions, says.

The restaurant chain is rolling out new benefits for corporate employees and may consider extending them to food service staff.

Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.

Advanced care planning is an opportunity for advisers to address caregiving with clients and boost the value this benefit brings to employers.

To start, these clients are advised to start saving as early and contribute enough to their 401(k)s to qualify for their employer's matching contribution.

Benefits advisers need to look beyond healthcare and traditional benefits to account for financial stress, mental health and other factors, experts say.

To convince employer clients and prospects of the merits of DPC, advisers must present it in a way that offers a solution to control the total cost of care.

ComPsych added a webinar to its global platform to help clients’ employees cope with the global outbreak.

An effective benefits strategy should use tech to communicate and offer options for all employees.

“Given the demographic trends we are seeing, today’s workforce will continue to face the challenges of caregiving,” says Scott White, vice president of global people operations and rewards at Levi Strauss.

With hardworking African-American and Hispanic workers far more likely to cash out than other participants, our nation has a serious retirement-saving crisis on its hands.

“The financial burden of student loans is a major reason fewer employees are taking advantage of 401(k) programs,” Scott Thompson, CEO of Tuition.io, says.

One of these snags is taxation on clients’ retirement income, which can hurt their cash flow.

Employers are recognizing that adding trans-inclusive benefits may outweigh the limited cost of covering them.