Benefits

The International Association of Machinists and Aerospace Workers District 751 recommended that the union workers accept Boeing’s latest contract offer.

When evaluating the array of benefits in the marketplace, plan sponsors must balance cost with the need to attract and retain talent.  

Implementation is still gaining steam for 2024 provisions such as offering additional emergency savings options and a match for student loan repayments. 

Backers pitched the idea of a universal kick-starter investment account to help address income inequality, during an Aspen Institute financial security event.

Treasury Department report includes a strong focus on implementing programs like the Saver’s Match. 

Union workers are seeking a 40% pay increase and the restoration of the company’s defined benefit pension plan, which has been frozen since 2014.

Money from the Special Financial Assistance Program will help the pension fund, which was projected to become insolvent in 2032.

Aid to Michigan-based fund will benefit it more than 22,000 participants. 

Analysts consider how funds can afford cost-of-living adjustments to address the buying-power erosion that slow and steady cost increases can have on benefits.

The 2.5% increase was anticipated by industry watchers amid lower inflation.

Research from Corebridge Financial identifies benefits of preparation and financial planning around open enrollment. 

The retail pharmacy and health care provider will provide 401(k) matching contributions for employees making qualified student loan payments, starting next year.

Nearly 9,000 individuals were swept up in the Infosys McCamish hack that also hit other plan providers.

Plan sponsors shared the hurdles they face when evaluating retirement income options and implementing a strategy in-plan during a ‘Plan Sponsors in Conversation’ livestream.

Speakers at a webinar shared how the smaller cohorts can connect employees with resources that are most relevant to them. 

In the latest edition of Plan Sponsors in Conversation, plan sponsors discussed the ways in which they ‘meet employees where they are’ with financial wellness programs.

According to the group, its efforts can improve wealth-building efforts for American workers.

Plan sponsors, advisers and policy experts shared how they measure the effectiveness of their financial wellness programs during a recent webinar.

Vestwell, Commonwealth, FuturePlan partner to bring new pooled employer plan to market.