Benefits

One Year In, Assessing the Progress of OregonSaves

In a broad statement marking the first anniversary of the OregonSaves program, State Treasurer Tobias Read suggests the pace of signups is advancing, with an average of more than a thousand people now being registered a week to start contributing.

PSNC 2018: Health Meets Wealth

One important purpose of offering more holistic benefits and education that link health and wealth concerns for employees is that it “prevents the 401(k) plan from being treated like a checkbook.”

Crowd Funded 529 Plans Show Promise for Employees

Franklin Templeton last year launched the Spryng crowd funding platform for college savings; at this point the firm has not conducted a systematic review of profile performance, but anecdotally, gift givers have typically been a friend or family member of the account owner or beneficiary, though other examples of giving have demonstrated the broad power of the platform.

Financial Wellness Is a Process

Compared with new users, repeat users are 24% more apt to be on track for retirement and 21% more apt to have confidence in their investments, Financial Finesse research finds.

SEC Issues Investor Bulletin for HSAs

The SEC says if investors plan to use the money in their HSA soon, different account features may be useful than if they plan to invest the money for the future.

More Employers Looking to Revamp Well-Being Programs

Broadening the focus of traditional, physically focused wellness programs to become more holistic (adding financial, social & mental well-being) is leading more employers to ask about a platform/hub to combine all of their benefits initiatives, a survey found.

Education Key to HDHP and HSA Engagement

The most challenging part respondents to a WEX Health survey cited in using their HSA was making sure to have enough funds set aside to cover deductibles (29%) and figuring out how much money to put in the account overall (21%).