Category: Benefits

From 401(k) plans to vacation policy, this topic gives HR and Compensation professionals specific strategies on how to handle benefit plans. Articles also provide guidance to brokers, advisers and consultants.

Wellness

Do Your Wellness Initiatives Make the Cut? 61% of Employees Say No

Nearly three-quarters (72%) of U.S. employers aim to improve their health and well-being strategies and programs over the next 3 years to differentiate themselves from organizations with which they compete for talent. This is up from the 18% that say they do so now, according to the 22nd annual Best Practices in Health Care Employer […]

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healthcare

Latest Employer Tactics for Reducing Healthcare Costs

Although the trend in the employer health insurance marketplace is relatively restrained in contrast with the out-of-control individual marketplace—averaging just 2.6% for 2016-2017—overall costs remain very high. Consumerist tactics continue to be among the primary ways employers seeks to contain (if not reduce) costs.

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Employer Wellness Program Goals, Communications May Be Missing the Mark

A new survey has found that when it comes to wellness programs and initiatives, many employers are not effectively getting the word out to their employees.  Meanwhile, it reveals that many employers may have objectives for their wellness programs that may be misaligned with their original purpose.

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payment

IRS Offers 2 Methods to Correcting Missed Plan Loan Payments

Many qualified profit-sharing and 401(k) retirement plans allow participants to take loans from their account balance. To ensure that the loan is repaid and to avoid administrative headaches, many plans require repayments be made by payroll deduction.

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finances

Financial Wellness: 59% of Employees Say Stress of Finances Negatively Impacts Work Performance

The financial well-being of U.S. employees reversed direction this year following several years of steady improvement, according to a new survey by Willis Towers Watson, a global advisory, broking, and solutions company. The biennial survey also revealed a large increase in the number of employees who say their financial woes are negatively affecting their lives […]

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ACA

A Survival Guide for ACA Reporting and Compliance

With open enrollment well underway for most organizations and the end of calendar year fast approaching, it’s time for HR departments to focus on Affordable Care Act (ACA) reporting for plan year 2017. Though HR teams have a few years of experience navigating the ACA reporting requirements under their belts, confusion and stress levels continue […]

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5 Reasons the Single-Payer Insurance Debate Matters

Support for single-payer health insurance is growing, slowly but surely, yet many employers are taking little heed of the debate. Amy Evans, an employee benefit insurance expert, and attorney Christine Roberts contend on the Employee Benefits News website, though, that employers can’t afford to ignore it anymore. They enumerate several reasons you need to stay […]

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What Are the Benefits of Offering an ESOP?

Nearly all of us have at least heard of Employee Stock Ownership Plans—also known as ESOPs—but far fewer are sure exactly how they work and why organizations would want to offer them.

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401K

401(k) Hardship Withdrawal Rules Explained

To ease employees’ concerns about access to their elective deferrals in the event of a financial emergency, an employer may provide for hardship withdrawals in its plan. This can provide some peace of mind during difficult times.

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retirement

PBGC Annual Report Shows Rising Deficit for Multiemployer Plans

The Pension Benefit Guaranty Corporation (PBGC) Fiscal Year 2017 Annual Report, released on November 16, shows that the deficit in its insurance program for multiemployer plans rose to $65.1 billion at the end of FY 2017, up from $58.8 billion a year earlier.

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