Benefits

Experts says plan sponsors should be transparent and should address healthcare costs head-on.

Transamerica and Advo(k)ate Advisors team up to offer a new pooled employer plan.

Studies find short-term savings can be a gateway—not an impediment—to long-term savings.

The number of borrowers in default grew by about 4.2 million following the end of a COVID-19-era payment moratorium.

The longer Congress waits, the more likely it is that fiscal and debt crises will unfold, according to a paper from George Mason University’s Mercatus Center.

However, declining asset returns and interest rates could affect defined benefit plans over a longer time horizon, Milliman warned.

A Cerulli report found that 71% of recordkeepers call the pooled employer plans a major or moderate business priority.

As hardships arise, employers rethink whether retirement plans should focus solely on preserving nest eggs—or also help workers weather today’s storm.

Philadelphia voters approved a city-run program, but the Alaska State Legislature failed to override the governor’s veto of its version.

According to a Georgetown report, plan sponsors should evaluate pooled employer plans’ fees, providers’ potential conflicts of interest and the challenges of exiting the plan.

Employers are trying to help their employees, with tools and guidance, to avoid making hardship withdrawals or taking loans from their retirement plans to cover immediate needs.

To maximize offerings for their employees, experts recommend that companies use both in-plan options and their HR departments.

Key components include emergency savings, retirement readiness programs and financial planning.

Prudential found that more than 80% of employers are interested in using artificial intelligence to help workers better understand their benefits.

ERISA attorneys and consultants offer processes and tips to keep ‘gobbledygook’ out of plan communications.

Stakeholder comments on the proposal, which could expand the popularity of this kind of pension fund, are due by August 10.

Report concludes the accounts' benefits are most significant in plans that have lower defaults, no escalation.

The funded status of the 100 largest U.S. corporate defined benefit plans reached its highest mark since July 2001, according to Milliman.

The latest trustees report moved the deadline closer, but the real story is that lawmakers are running out of ways—and time—to avoid a decision.

Employers from Google to Prestage Farms said plan sponsors must look beyond one-size-fits-all retirement benefits and choose benefits based on their workers’ circumstances.