Benefits

Benefits | May 19th, 2011

Adding Roth to 457 Plans Requires Participant Communications Change

May 19, 2011 (PLANSPONSOR.com) – The National Association of Government Defined Contribution Administrators has published an Issue Brochure explaining rules regarding newly-allowed Roth contributions to 457 plans.

Benefits | May 18th, 2011

IL Civil Unions Law to Affect Employers

May 18, 2011 (PLANSPONSOR.com) - Effective June 1, 2011, Illinois will recognize civil unions (same-sex or opposite-sex) in accordance with the Illinois Religious Freedom Protection and Civil Union...

Benefits | May 18th, 2011

EBRI Analyzes Retirement Income Adequacy of Annuities

May 18, 2011 (PLANSPONSOR.com) - New research by the nonpartisan Employee Benefit Research Institute (EBRI) finds that, generally, either immediate annuities (which immediately begin to generate lifetime income)...

Benefits | May 18th, 2011

Report Shows Affect of Plan Leakage on Retirement Savings

May 18, 2011 (PLANSPONSOR.com) – A new Aon Hewitt report shows how detrimental loans, hardship withdrawals and cashouts can be to retirement savings.

Benefits | May 18th, 2011

The Link between Personality and Retirement Savings

May 18, 2011 (PLANSPONSOR.com) - Americans who are more conscientious have higher lifetime earnings and save more for retirement, according to researchers at the University of Michigan Retirement...

Benefits | May 18th, 2011

Starbucks Accused of Firing Employee Due to Dwarfism

May 18, 2011 (PLANSPONSOR.com) - Starbucks Coffee Company violated federal law by denying a reasonable accommodation to a barista with dwarfism at its El Paso café and then...

Benefits | May 18th, 2011

College Grads not Focused on Savings

May 18, 2011 (PLANSPONSOR.com) - A new Capital One Financial Corporation survey of college seniors planning to graduate this spring and recent college graduates finds that while 62%...

Benefits | May 18th, 2011

Employers Can Expect 8.5% Increase in Health Care Costs in 2012

May 18, 2011 (PLANSPONSOR.com) – According to PricewaterhouseCoopers (PwC), U.S. employers can expect an 8.5% increase in their 2012 medical costs.

Benefits | May 18th, 2011

Half of DC Plan Participants Invest in Asset Allocation Funds

May 18, 2011 (PLANSPONSOR.com) - In research recently completed by Spectrem Group with defined contribution plan participants about half (50%) of the participants had some or all of...

Benefits | May 18th, 2011

DC Plan Participants Investing in More Funds

May 18, 2011 (PLANSPONSOR.com) - On average, defined contribution plan participants included 5.3 funds in their accounts in 2011 -- nearly double the number (2.7) they chose in...

Benefits | May 18th, 2011

The Principal Data Supports Increase in Auto Enroll Default

May 18, 2011 (PLANSPONSOR.com) - "Automatic enrollment is a powerful tool to encourage better retirement savings behavior, but we've found that most plan sponsors tend to set their...

Benefits | May 18th, 2011

Automated Programs, Advice Lead to Greater 401(k) Plan Results

May 18, 2011 (PLANSPONSOR.com) - Bank of America Merrill Lynch’s Retirement & Benefit Plan Services quarterly report on plan participant contribution activities within its proprietary 401(k) business finds...

Benefits | May 17th, 2011

Job Transition Leaves Many With Questions About Balances

May 17, 2011 (PLANSPONSOR.com) – More than a third of participants in a recent Fidelity study who had made a job transition weren’t sure what...

Benefits | May 17th, 2011

Firms Use Non-Qualified Exec Benefits to Restore Lost Savings

May 17, 2011 (PLANSPONSOR.com) - The fifth annual MullinTBG-PLANSPONSOR Executive Benefits Survey shows companies and executives are looking to nonqualified deferred compensation plans (NQDCPs) as a valuable tool...

Benefits | May 17th, 2011

Report Says Small Business Surge Fuels Cash Balance Boom

May 17, 2011 (PLANSPONSOR.com) – A cash balance plan consultant says that those programs are now the fastest growing sector of the retirement plan market.

Benefits | May 17th, 2011

Study Finds Workers Lacking Backup Plan for Retirement

May 17, 2011 (PLANSPONSOR.com) – If you’re planning to work past – or through – retirement – you have company, according to new research.

Benefits | May 17th, 2011

S&P 500 CEOs See Comp Increase by 28% in 2010

May 17, 2011 (PLANSPONSOR.com) - Median total compensation for S&P 500 CEOs grew by 28.2% from 2009 to 2010, marking a significant increase in pay after two consecutive...

Benefits | May 17th, 2011

Governments Seeing Increase in Retirements

May 17, 2011 (PLANSPONSOR.com) - Retaining staff needed for core services, reducing employee health care costs, and addressing employee morale and workload problems are the top workforce issues...

Benefits | May 17th, 2011

AICPA Finds Strong Hiring Demand for Accounting Grads

May 17, 2011 (PLANSPONSOR.com) - Nearly 90% of accounting firms forecast the same or increased hiring of graduates this year compared with 2010, and nearly three quarters (71%)...

Benefits | May 17th, 2011

Pay Most Important HR Priority for Financial Services Firms

May 17, 2011 (PLANSPONSOR.com) - Over 40% of senior human resources professionals from the financial services industry identified risk adjustments to financials or incentive pools as the most...