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.

psychology

Are Employees More Engaged?

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.

retirement

IRS May Expand Determination Letters for Some Retirement Plans

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.

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.

Pensions

U.S. Pension Fund Assets Grew by 12.7% in 2017, Says New Study

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.