Benefits |
SFA Grant Rescues Printer’s Pension Fund
The NYC-based plan will receive about $20 million to restore its solvency through 2051.
Benefits
Benefits |
Workers’ Retirement Savings Are Boosted By Access to Savings Tools
BlackRock and Human Interest found that the lack of access to a retirement plan is a ‘crucial’ factor to preventing retirement savings.
Benefits |
Delay on Catch-Up Provision Allows Employers to Explore Optional SECURE 2.0 Features
When assessing optional provisions like emergency savings and student loan matching, Vanguard’s David Stinnett says plan sponsors should take a ‘data-driven’ approach.
Benefits |
Delta Debuts Financial Wellness Program for Non-US Employees
In a partnership with Nudge Global, Delta will offer a new financial education program and reward workers with the local equivalent of $1,000.
Benefits |
Conduent Sells HSA Assets for $425M in Leaving FSA Business
The business process provider is transferring to HealthEquity more than $2 billion of assets held in its BenefitWallet Health Savings Account portfolio.
Benefits |
Small Employers Take Advantage of ICHRAs to Lower Their Employees’ Health Care Costs
Individual coverage health reimbursement arrangements are becoming increasingly popular among small employers who want to help employees manage rising health care expenses.
Benefits |
Inequality Worse for Social Security Than Low Birthrates, Chief Actuary Says
Stephen Goss said that income growth beyond the wage cap on payroll taxes was not anticipated during the reforms of the 1980s.
Benefits |
How to Not Overwhelm Participants During Open Enrollment
Open enrollment is a time for plan sponsors to promote their benefits offerings, but they should also be wary of confusing employees with too many options and complex...
Benefits |
Saver’s Match: Opportunity to Help Close Retirement Savings Access Gap
Outlined in SECURE 2.0 to be introduced for the 2027 tax year, the Saver’s Match is a 50% federal matching contribution deposited directly into a taxpayer’s IRA or...
Benefits |
Customized Benefits, Financial Literacy Are Key to Closing the Racial Retirement Savings Gap
It is in plan sponsors’ best interest to improve the financial health of workers and address disparities, researchers say.
Benefits |
Plan Sponsors Increasingly Add Focus on Post-Retirement Strategy
Modern support for participants should be ‘about much more than just managing the investment portfolio.’
Benefits |
How Plan Sponsors Are Working to Close the Gender Savings Gap
With women still lagging in retirement savings, plan sponsors are making changes across retirement, health care and financial wellness to ensure access is as equitable as possible.
Benefits |
Communicating with Participants About Student Loan Payment Resumption
Payments are set to resume in October, and it’s time for plan sponsors to double down on their communications about student loan benefits and forgiveness options, experts say.
Benefits |
NQDC Plans: An Opportunity for Improving Retention, but Underutilized by Participants
A vast majority of employers feel remaining competitive in the race for talent is ‘more expensive than ever,’ and businesses are turning to creative offers to keep executives...
Benefits |
Delta’s Emergency Savings Program Shows Retirement Security Dividends
Airline employees enrolled in an emergency savings program have also increased their 401(k) contributions.
Benefits |
Iowa, Idaho, and Montana Rank Best For Access to Retirement Plans in the Workplace
Florida, Georgia, and Rhode Island rank lowest, according to analysis from the Economic Innovation Group.
Benefits |
Employer Health Care Costs Expected to Climb in 2024
Employers will pay more than $15,000 per employee to provide health benefits in 2024, Aon projects.
Benefits |
Capital Group Offering Benartzi’s PensionPlus to TDF Holders
The free retirement paycheck management tool will be offered to participants invested in American Fund retirement TDFs.
Benefits |
Colorado, Maine Partner on Auto Retirement Savings Program
The partnership on the state-sponsored IRA for private-sector employers is expected to cut costs for participants in both states.
Benefits |
RTX Corp. Sued for Denying Beneficiary Long-Term Disability Benefits
The aerospace and defense contractor was sued for allegedly failing to pay required long-term disability benefits to a disabled former employee.