Tag: 2017

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.

healthcare

Implement Innovative, Integrated Practices for Healthcare Cost Savings

A group of best-performing companies has achieved a $2,251 per employee per year (PEPY) healthcare cost advantage over the national average in 2017 ($9,950 compared with $12,201), according to global advisory, broking, and solutions company Willis Towers Watson’s 22nd annual Best Practices in Health Care Employer Survey.

EEO-1

EEO-1 Deadline Coming Up March 31

March 31 is the deadline employers must meet for submitting EEO-1 reports to the Joint Reporting Committee (JRC). The JRC represents the Equal Employment Opportunity Commission (EEOC) and the Office of Federal Contract Compliance Programs (OFCCP) for purposes of collecting employers’ EEO-1 reports.