Self-funding can result in cost savings and access to more data to drive better plan designs, but plan sponsors need to weigh that against all they will need...
During a recent hearing, members of the Financial Literacy and Education Commission discussed the interplay of climate change and crypto assets on the financial wellness of everyday Americans.
Robust financial wellness programming can distinguish an employer, serve as a retention tool, provide a competitive edge, and lower labor costs by bolstering employees’ retirement readiness.
Employers that were part of an initiative to start or improve their programs—using a wide variety of approaches—shared challenges, surprises, rewards and advice.
Despite the tax advantages available, most HSAs account holders don’t capitalize by using HSAs as long-term investments to pay for future qualified health expenses.
The COVID-19 roller coaster makes it hard to predict what costs will be, but some strategies can help sponsors get to a close approximation and mitigate costs.
Retirement plan design changes can help close some equity gaps, but plan sponsors should first address differences in overall financial health among their employee demographics.
The vast majority of employees say they would feel more invested in staying with their employer if it offered tailored financial benefits that meet their evolving needs.
An Alegeus open enrollment study finds employees don’t understand how HSAs fit into a long-term retirement savings strategy and only 17% invest HSA funds for growth.