Benefits

  • Three-Fourths of Higher Education Baby Boomer Faculty Members Plan to Delay Retirement, or Never Retire at All
    Three-Fourths of Higher Education Baby Boomer Faculty Members Plan to Delay Retirement, or Never Retire at All

    Fidelity® Study Finds Faculty Boomers Likely to Delay Retirement Due to Both Economic and Professional Reasons

    (BUSINESS WIRE)--Fidelity Investments®, a leading provider of workplace retirement plans in the not-for-profit higher education market, today announced results of its Higher Education Faculty Study1 , which examined the behaviors and attitudes of baby boomer (ages 49-67) faculty members at higher education institutions. The research found that 74 percent of these boomers plan to delay retirement past the age of 65, or never retire at all. When asked the reasons for this delay, they not only cited professional reasons (81 percent), but also economic concerns (69 percent) – suggesting a need for more financial guidance.
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  • New Report Examines Key Issues for Public Sector Retirement Reform
    New Report Examines Key Issues for Public Sector Retirement Reform

    Evolving workforce demographics and long-term budget pressures present challenges for public sector pension reform

    A report released today by the TIAA-CREF Institute and the Rockefeller Institute of Government shares expert considerations for public sector pension reform. The new report – Public Sector Pension Reform: Addressing Pressing Fiscal Realities from a Long-Term Perspective – is a culmination of insights and experiences from state and local officials and researchers from across the nation that highlights the issues and considerations impacting public sector pension reform.
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  • Borislow Insurance Honored for Excellence in Workplace Wellness
    Borislow Insurance Honored for Excellence in Workplace Wellness

    BI Healthy Advantage Program Wins 3 Major Awards in 2013

    Borislow Insurance (BI), a leading provider of benefits solutions, advisory services and corporate wellness services, announced today that the company has received 3 major awards honoring the excellence of their BI Healthy Advantage wellness program.
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  • Small Business Owners Playing It Safer In Rising Trend
    Small Business Owners Playing It Safer In Rising Trend

     Percentage of owners who identify themselves as conservative in risk-taking has steadily increased with a 63 percent rise year-over-year

    While the majority of small business owners generally feel successful with how their businesses are operating, they are becoming increasingly more conservative with the overall level of risk they are taking with their business, according to The Hartford 2013 Small Business Pulse, released today.
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  • Top 10 Questions about Compensation for Financial Professionals
    Top 10 Questions about Compensation for Financial Professionals

    New guide from the Principal Financial Group provides answers to common inquiries

    With the one-year anniversary of the new retirement plan disclosure regulation nearing, financial professionalscontinue to face questions about the reasonableness of fees they charge.
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  • How Top Companies are Elevating Loyalty, Productivity and Innovation in Their Workforce
    How Top Companies are Elevating Loyalty, Productivity and Innovation in Their Workforce

    Treat Your Organization’s Most Valuable Resource with Care

    When a successful formula is discovered in the business world, it’s copied and becomes part of standard operating procedure throughout entire industries. The newest SOP trend among leading businesses? – Focusing on employee and family well-being, says Gary Kunath, who was honored nationally as Businessman of the Year and recognized with a dinner hosted by the President of the United States.
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  • Employers Underestimate the Value Their Younger Employees Place on Benefits
    Employers Underestimate the Value Their Younger Employees Place on Benefits

    LIMRA: Misperceptions can have long-range, negative impact

    A LIMRA study found that employers underestimate how important benefits are to their younger employees. LIMRA surveyed employees to find out how important various benefits are to them, then collected employers’ perspective on how much their employees value different benefits and if they believed it varied between younger and older employees. The results were remarkable.
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  • Four Key Strategies for a Secure Retirement
    Four Key Strategies for a Secure Retirement

    Preparedness is not a future state, but a right-now imperative

    by Kurt Fasen

    Advisors everywhere are well aware of the continuing retirement savings crisis, which shows little sign of changing. Even as lifespans are lengthening and the once ironclad promises of Social Security are weakening, many people have not yet awakened to the fragility of their future financial security.
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  • Pension Index Value Reaches Five-Year High
    Pension Index Value Reaches Five-Year High

    Many Plan Sponsors Poised to “De-risk” Their DB Plans

    Five years after MetLife released the first U.S. Pension Risk Behavior Index (PRBI), the Index value of the 2013 U.S. PRBI is 87, the highest value recorded since the study was introduced in 2009. This value shows that the consistency between the importance plan sponsors ascribe to the risks facing their defined benefit (DB) pension plans and how successfully they believe they are managing those risks has improved. In its inaugural study, MetLife stated that while it was “unrealistic to expect to achieve an Index value of 100, a target of 87 would not be unreasonable.”
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  • IRAs: Where does all the money go?
    IRAs: Where does all the money go?

    Roth IRAs Get Most Contributions; IRAs Funded by Rollovers Hold the Most Money

    from the Employee Benefit Research Institute (EBRI)

    here does the money go in individual retirement accounts (IRAs)? Most of the new contributions go into Roth IRAs, but most of the assets are held in traditional IRAs, where the money originated from a rollover from other tax-qualified retirement plans (such as 401(k) plans) and not from new contributions, according to new research by the nonpartisan Employee Benefit Research Institute (EBRI).
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  • Debt of the Elderly: Housing
    Debt of the Elderly: Housing

    Debt payments as a percentage of income steadily rising

    by Craig Copeland, Ph.D., Employee Benefit Research Institute

    When projecting the future income security of retirees, researchers typically focus on measures concerned with retirees’ accumulated financial assets, particularly within tax-qualified retirement plans (e.g., 401(k) plans and individual retirement accounts (IRAs)), and coverage by supplemental health insurance to Medicare provided through a former employer.
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  • Boston Small Business Owners Focus on Personal, Employee and Financial Wellness
    Boston Small Business Owners Focus on Personal, Employee and Financial Wellness

    BofA Report Examines Health of Small Business Owners, Plans for Unexpected Disruptions and Economic Outlook

    Bank of America today released the spring 2013 Small Business Owner Report, a semi-annual study exploring the concerns, aspirations and perspectives of small business owners throughout the country. The survey, which includes an oversampling of small business owners in the Bostonmarket, found 52 percent of Boston small business owners feel their personal health has improved as a result of running their own small business.
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