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.

Help Employees Find the Best Strategy for Their HSAs

Financial wellness is becoming an increasingly important component of employee benefits packages and a common topic of conversation for human resources professionals nationwide. And with good reason! Nearly three-quarters (72%) of Americans report being stressed about finances and that anxiety can negatively affect their overall health. As a result, employers are expanding financial wellness programs […]

Employers Cannot Afford Inadequate Perks Says Study

A recent survey conducted by Ranstad US explored what workers think about and want from benefits in the workplace. The results showed a staggering majority (94%) want assurances that their benefits will have a real impact on their quality of life. That includes benefits that address student loan debt, work/life balance, and flexibility in general.

Highest Employer-Sponsored Retirement Participant Deferral Rate Reached in 2017

Automated features now standard for most employer-sponsored retirement plans helped bring about a record 8.3-percent average participant deferral rate in 2017—the highest level in a decade, according to a recent T. Rowe Price study. The rise in employee deferral amounts perpetuates a trend started in the years after the 2008 financial crisis.

Do You Know about Green Benefits?

Does your organization offer “green” benefits? Green benefits are benefits that are environmentally friendly in some way. Employers may want to offer green benefits for several different reasons. First, they may be in alignment with company goals and values. Next, they may be a great way to recruit individuals who value the environment and sustainability. […]

family

Parental Leave Policy Options

Does your organization offer parental leave beyond the Family and Medical Leave Act (FMLA)? Do you offer paid parental leave? Are your parental leave options available for both mothers and fathers?

Get the Most out of Inclusive Paternity Leave

There is only one developed nation without some sort of federally mandated paternity leave and it’s the United States. Even when paternity leave is available, it’s usually for only a few weeks and does not come with a full rate of pay or other benefits.

Two Approaches to New Cash Balance Plan

Yesterday we took a look at Internal Revenue Service (IRS) guidance on how to change interest crediting rates in a cash balance (CB) plan. Today we’ll look at the two approaches that the IRS has discussed to address a change in the interest crediting rate.