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Study: U.S. Health Care Exacerbating Struggles of American With Serious Illness
...With many facing financial ruin
Americans who become seriously ill don’t just struggle with their disease. Often, they feel confused and helpless (62%), face the risk of financial ruin (53%), and experience serious problems with their care (61%). Those are among the key findings of a new survey released today by the Commonwealth Fund, the Harvard T.H. Chan School of…
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Happy Birthday, 401(k)
The state of Boomers in retirement, as 401(k) turns 40
This November marks the 40th anniversary of the legislation that paved the way for 401(k) plans. Schwab Retirement Plan Services is out with a study that highlights the confidence that Baby Boomers - the first generation with access to a 401(k) for the majority of their career - feel as they approach retirement.
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Workers Rank Health Care Most Important Issue Facing U.S.
Survey: Dissatisfaction Rooted in Rising Costs
Workers rank health care as the most critical issue in the country. A new Health and Workplace Benefits Survey conducted by the Employee Benefit Research Institute (EBRI) — a private, non-partisan, non-profit research group — and Greenwald & Associates— an independent market research firm — looked at workers’ satisfaction and confidence in the health care…
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Making It Easier For Small Businesses To Offer 401(K) Plans
MassMutual develops solutions for small businesses, with simplified investment choices,
reduced pricing and built-in fiduciary support
As Congress and the White House look for ways to help workers at small businesses save for retirement, Massachusetts Mutual Life Insurance Co. (MassMutual) is making it easier and more affordable for small businesses to offer 401(k) plans.
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Do Your Clients Undersdtand The Longevity/Income Equation?
More Than Half of All U.S. Workers Have Difficulty Understanding Retirement Savings in Terms of Future Monthly Income
Many American workers often focus on their retirement account balances and don’t always understand how it will translate into income during their retirement years. New LIMRA Secure Retirement Institute (LIMRA SRI) research finds 52 percent of all U.S. workers (ages 20-79) say it is difficult to know how retirement savings will translate into monthly income.…
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Employee Benefits – What’s Hot and What’s Not
Only 81 percent of employers currently offer benefits to their employees
Everything in life changes and employee benefits are no different. While many employers use benefits as a way to attract and retain talent, there has been an overall decline in the number of employers offering benefits, as well as some changes in what is being offered.
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Benefits: Engineering Family Financial Security
Navigate three Voluntary Life plan challenges for easier enrollment, onboarding
by Joi Tillman
Voluntary Life insurance is a sought-after benefit and employees expect it to be offered through their employer. The increase in financial security to the employee’s family outweighs the additional administrative tasks required to install and maintain the plan.
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International Paper Agrees to Transfer $1.6 Billion in Pension Liabilities to Prudential Retirement
Agreement covers pension promises to 23,000 International Paper retirees
International Paper (NYSE: IP) will settle approximately $1.6 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU).
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Wellthie Partners With Leading Benefits Broker OneDigital to Increase Access to Employee Benefits for Small Businesses
Partnership will Allow OneDigital Team Members to Utilize Wellthie's Robust National Small Group Marketplace
Wellthie, a leading provider of next-generation technology solutions to help brokers and insurance carriers thrive in the digital age, has announced a partnership with OneDigital Health and Benefits, the nation's largest company focused exclusively on employee benefits and HR.
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The Selling Points For Voluntary Benefits? Talk About The Need
Advisor must build agreement on Voluntary Life planning discussions
by Joi Tillman
When it comes to decisions in offering Voluntary group life insurance to your employees, there are two big questions to consider: How much coverage should you offer, and, is the effort worthwhile?
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Having The ‘Care Conversation’
Survey: Nearly 4 in 10 Americans 65+ haven’t talked with others about preparing for possible need of long-term care
Nearly 4 in 10 Americans age 65 and over – 37 percent – say they haven’t had conversations with anyone about preparing for their possible need of long-term care (LTC).
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What’s New With 403(B)?
10th National 403(b) Retirement Plan Survey: Organizations Adopting Best Practice Plan Designs
Organizations that sponsor 403(b) plans are accelerating adoption of plan automatic features to improve plan design and participant outcomes, according to the 2018 annual 403(b) Plan Survey from the Plan Sponsor Council of America (PSCA).
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Retirement Savers Report Roadblocks to Working with a Financial Advisor
Poll: Six of 10 participants don’t have one... and the gender gap is even worse
Just 4 out of 10 retirement plan participants use a financial advisor, with misperceptions over affordability and applicability driving their hesitancy, according to a new OneAmerica® online survey.
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