Benefits

  • Stressed Workers Costing Employers Billions – Weekly
    Stressed Workers Costing Employers Billions – Weekly

    More than 70% of employees spend work time worrying about finances, jobs and health

    Employees are bringing stress and worry into the office each day along with their laptop, coffee and ID, according to a Colonial Life study of 1,505 full-time U.S. employees. And it’s costing U.S. employers billions of dollars each week. 
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  • Future of Employment-Based Health Benefits Unclear
    Future of Employment-Based Health Benefits Unclear

    Cadillac Tax, Meidcare-For-All and other legislative measures could alter the course for the benefits channel

    A new study from the Employee Benefit Research Institute (EBRI) assesses how legislative proposals and regulatory actions could impact the future of the employment-based health benefits system. "What Does the Future Hold for the Employment-Based Health Benefits System?" examines the history of employment-based health benefits and the potential impact a variety of legislative proposals and…
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  • Self-Directed 401(k) Balances Down 6.3% On The Heels of A Volatile Q4
    Self-Directed 401(k) Balances Down 6.3% On The Heels of A Volatile Q4

    2018 Correction weighed on participant accounts

    According to Charles Schwab’s SDBA Indicators ReportTM, the market correction that occurred during the fourth quarter of 2018 weighed on participant accounts, as the average SDBA balance fell to $246,153, a decline of 10.6 percent from 3Q 2018 and 6.3 percent year-over-year.
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  • Life Insurers Endorse Bold Solution To Close The Retirement Savings Gap
    Life Insurers Endorse Bold Solution To Close The Retirement Savings Gap

    A bold strategy to prevent a 'Retirement Crisis'

    The American Council of Life Insurers (ACLI) announced today that it will endorse a federal proposal requiring employers without retirement plans to provide workers with access to a payroll deduction for savings through an IRA, 401(k), or other qualified retirement savings plan.
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  • What Would You Do with More Time?
    What Would You Do with More Time?

    Workers Worldwide Provide Their Work-Life Wishlist

    On Monday, National Napping Day and the day after Daylight Savings in the U.S., The Workforce Institute at Kronos Incorporated released part two of a global survey examining how employees across eight nations view their relationship with work and life, asking the simple question, “What would you do with more time?”
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  • Positive News for America’s Retirement Deficit
    Positive News for America’s Retirement Deficit

    Retirement income shortfalls have shrunk since 2014, with younger workers leading the charge

    EBRI’s newest study, Retirement Savings Shortfalls: Evidence from EBRI’s 2019 Retirement Security Projection Model®," projects that the retirement deficit for U.S. households with a head ages 35–64 decreased 13.7 percent, from $4.44 trillion (in current dollars) in 2014 to $3.83 trillion in 2019. The largest improvement was experienced by younger workers, with those ages 35–39…
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  • Culture of Equality Is Powerful Multiplier of Workplace Innovation
    Culture of Equality Is Powerful Multiplier of Workplace Innovation

    Disconnect between C-suite and employees on innovation Forecast 2028: Empowering employees to innovate could raise global GDP US$8 trillion

    A workplace culture of equality is a powerful multiplier of innovation and growth, according to new research from Accenture (NYSE:ACN). Published today in the company’s Getting to Equal 2019 report, the research found that in the U.S., employees’ innovation mindset — their willingness and ability to innovate — is nearly five times higher in companies with a…
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  • Americans Cite Healthcare Expenses as No. 1 Barrier to Early Retirement
    Americans Cite Healthcare Expenses as No. 1 Barrier to Early Retirement

    Longer lifespans bring increased health issues, greater costs

    When asked to name barriers to financial independence and early retirement, Americans are less concerned about uncertain market conditions (37 percent) or inflation (35 percent), than they are about healthcare costs (57 percent)...
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  • Health Insurance Industry Sustains Strong Earnings Momentum in 2018
    Health Insurance Industry Sustains Strong Earnings Momentum in 2018

    ACA exchanges remain profitable

    Earnings of U.S. health insurance companies improved significantly in 2018, driven by favorable medical cost trends, lower utilization and steady-to-declining pharmacy costs, as well as a lower tax rate and the positive impact of the elimination of the alternative minimum tax.
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  • Do Employees End Up With More Retirement Income Under Automatic Enrollment 401(k) Plans Than Final-Average Defined Benefit Plans?
    Do Employees End Up With More Retirement Income Under Automatic Enrollment 401(k) Plans Than Final-Average Defined Benefit Plans?

    In many cases... yes, according to a new study

    he Employee Benefit Research Institute (EBRI), a private, nonpartisan, nonprofit research group, has released a new study examining the level of benefits that 401(k) plans with automatic enrollment provide compared to final-average defined benefit (DB) plans — with some potentially surprising results.
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