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.
A new survey illustrates key differences between what workers perceive their most significant sources of income will be in retirement and which sources retirees have found to be the most significant.
Worldwide, a majority of respondents (85%) in the 2018 Global Business & Spending Outlook—a survey released by American Express and Institutional Investor Thought Leadership Studio—anticipate substantial or modest economic expansion in their country in 2018 (up from 70% in 2017).
A new report finds that global employee engagement levels, which took a slight dip in 2016, jumped back to an all-time high in 2017.
The Internal Revenue Service (IRS) said on April 5 that it may reopen its determination letter program to certain types of individually designed retirement plans, beyond the narrow set of circumstances in which such letters are currently available.
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.
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.
Acing an interview is an important step in landing a job, but it’s no easy feat, and your time to show yourself off is limited. According to a new CareerBuilder survey conducted by The Harris Poll, around half of employers (49%) know within the first 5 minutes of an interview if a candidate is a […]
Global institutional pension fund assets in the 22 major markets grew to $41.3 trillion at year-end 2017, according to latest figures in the Thinking Ahead Institute’s Global Pension Assets Study, representing the highest figure since the report began in 1997.
Class action settlements and court decisions related to 401(k) retirement plans in 2017 significantly affected the direction of ERISA litigation, according to the newest edition of an annual law firm report on workplace class action lawsuits.