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The U.S. Department of Labor on Oct. 21 reversed 2008 guidance that discouraged retirement plan fiduciaries and their investment advisers from considering environmental, social and governance (ESG) factors when choosing companies for their portfolios. The reversal, made through a new interpretive bulletin that reinstates 1994 guidance, recognizes a growing consensus that fiduciary duty may in […]
To achieve wellness program goals, employers should make healthier choices easier to access, and target populations that have chronic conditions. Encouragement from trusted leaders is seen as improving buy-in by sick population segments, and unions could in some ways be more effective than employers in achieving results, said a panel of experts at an Oct. […]
Human resources executives of global companies are most concerned about rising housing costs and increasing requests from transferring employees who want additional spouse career assistance, according to a survey from Cartus Corporation, a provider of global relocation services.
Let’s just say it’s not most people’s favorite thing to do. Known in human resources offices as “Open Enrollment,” the annual ritual of choosing your medical plan, opting in or out of dental and vision coverage, and deciding how much money to put in your flexible spending account is, as they say, “part of growing […]
By Jennifer Carsen, JD On September 8, the Department of Health and Human Services (HHS) issued a proposed rule that would add gender identity protections for individuals enrolled in coverage through the Health Insurance Marketplaces and certain other health coverage plans.
A novel approach to determining damages owed by an investment adviser to two defined contribution retirement plans in an ERISA fiduciary-duty breach was part of a decision including a $15 million reimbursement request handed down recently by a New York federal judge. Plan sponsors should note that the defendant, WPN Corp., was ordered by the […]
Can an employee open up a Health Savings Account (HSA) if their spouse has a general purpose Flexible Spending Account (FSA)? If not, can they open up the HSA account once their spouse’s FSA is exhausted and closed? And once they do this, how does the employer who is contributing to the HSA abide by […]
Most people would probably choose custom over off-the-shelf if they had the chance—even when the product is health insurance. At least, that’s how Michael Jordan, who is president of labor and strategic accounts at MagnaCare, a healthcare services company specializing in self-insured plans and network solutions, sees it.
Results of a new survey show a “direct correlation between family-care benefits and workplace performance, as well as employee recruitment and retention,” says Donna Levin, cofounder and vice president of Care.com Global Workplace Solutions, the survey sponsor.
With many employers making changes to their health insurance plans, including accelerated adoption of high-deductible health plans, it’s more critical than ever for companies to strengthen their efforts to engage employees during their open enrollment periods, according to Chris Hill, CEO of Spotlite.