Benefits

While employers are being challenged to absorb high health benefit costs, inflation is placing a burden on employees’ ability to afford health care, a new Mercer study reveals. 

Lisa Gomez, the head of EBSA, honored Cindy Hounsell’s achievements in increasing women’s financial education and retirement security. 

One of the most important retirement tools requires relevant data, such as anticipated retirement age, to be updated over time.

From offsetting college debt payments to emergency savings, SECURE 2.0 has the potential to help participants beyond just retirement savings.

Experts explained the advantages of cash balance DB plans and variable plans that offer a set payday without losing the advantages of market growth.

A Vanguard Group research paper quantified employer retirement plan design trends over the last 10 years. 

Student loan repayment will likely resume later this year, providing even more reason for plan sponsors to offer student debt benefits to employees.

Experts suggest plan sponsors use direct and personalized messaging when communicating about benefits.

A recent study shows that while employees are most worried about day-to-day expenses, companies are prioritizing long-term retirement benefits.

Bipartisan measure would restore pensions to more than 20,000 retirees and provide back pay for benefits that were cut. 

The airline has partnered with Fidelity Investments to run a program in which enrolled workers can earn up to $1,000 to seed an emergency savings account.

A panel of experts in workplace benefits outlined student loan debt assistance benefit options available to employers, in the current legal framework.  

If a budget passes, SECURE 2.0 will be attached to that bill. If a budget passes.

Legislation would establish a new program to give eligible workers access to portable, tax-advantaged accounts.

The multiemployer plan will receive $35.8 billion in assistance, making it the largest bailout under the Special Financial Assistance program administered by the PBGC.

The new SSA.gov website seeks to help people access and consider this key source of retirement income.

Equity performance and higher interest rates in October contribute to higher funded ratios.