Is Your 401(k) Plan Out of Date?
Like an old house that was cutting-edge when it was built but hopelessly archaic today, your 401(k) may have fallen behind the times. Is this true of yours? And, if so, what can you do about it?
Tag: benefits
EAPs—Helping Your Workforce Weather Their Day-to-Day Storms
In yesterday’s Advisor, we shared 10 ways that your employees can recognize and deal with workplace stress; today, consultant Bridget Miller presents the basics of Employee Assistance Programs (EAPs), and how they can benefit both employees and the business as a whole.
HATFA Will Cause Largest Pensions to Cut 2015 Plan Contributions
The renewed decline of funded status for defined benefit retirement plans this year has not led the largest U.S. DB plan sponsors to contribute from their coffers to compensate, a phenomenon that one investment advisory firm attributes to temporary interest rate stabilization. Until this year, corporate contributions to DB plans typically correlated with the plans’ […]
DOL: Plans Must Cover All Contraceptives, Not Some
Plans and insurers must cover all 18 contraception methods approved by the U.S. Food and Drug Administration, according to a new set of questions and answers on the Affordable Care Act’s preventive care coverage requirements. “Reasonable medical management” still may be used to steer members to specific products within those methods of contraception. A plan […]
What is COBRA?
What is COBRA? COBRA stands for the Consolidated Omnibus Budget Reconciliation Act, which was implemented as an amendment to ERISA (the Employee Retirement Income Security Act of 1974). In most circumstances, COBRA entitles workers and other covered individuals to the option of continuing to receive their employer-sponsored group health insurance coverage for a limited time […]
Performance Management Survey—What’s Really Happening?
Performance management is not only important for identifying your high potential employees, but it also has a great impact on your compensation programs and documentation practices. What’s happening with performance management in the real world? What are your competitors up to? Help us find out!
Two Transit Parity Bills Languish in Congress
Despite two transit parity bills introduced so far this year on Capitol Hill, Congress so far has made no indication it will extend the mostly non-controversial proposal to equalize the tax breaks for qualified parking and mass transportation and vanpool commuting expenses. Both bills were introduced in the House and seek to amend the tax […]
Economists Say 401(k) Plan Loan Policy Shapes Borrowing
Decades into reviewing the pluses and minuses of 401(k) defined contribution retirement plans, most employer plan sponsors have chosen to offer plan loans, which on the one hand give participants early partial access to their retirement funds but also threaten to erode those savings. A new paper suggests that plans’ loan policy can shape participant borrowing, […]
Plan Options, Costs, and Reform—More from Our Perks and Insurance Survey
In yesterday’s Advisor, we presented results from our 2015 Perks and Insurance Survey. Today, more findings from the study, including what’s being offered for insurance among employers and how costs are being contained.
Our Perks and Insurance Survey Is In—How Do Your Offerings Compare?
Benefits—they can be great assets to your recruiting program and boost your overall compensation package, but employers have to be ever mindful of costs. Read the results of our Perks and Insurance Survey to see how your practices compare with what other companies are doing.