Latest News

Benefits |

PBMs Saving Government Money

January 14, 2003 (PLANSPONSOR.com) - Prescription Benefit Managers (PBM) produce savings of up to 47% for federal employees obtaining prescription medications in retail pharmacies, according to a Government...
Benefits |

Abbott Labs Freezes Salaries

January 14, 2003 (PLANSPONSOR.com) - Abbott Laboratories Inc has announced 34,000 workers salaries will be frozen, allowing the company to focus on the launch of its new rheumatoid...
Benefits |

Worker Health Screenings A Big Workplace Hit

January 14, 2003 (PLANSPONSOR.com) - Employee health screenings are among the best-attended wellness programs, according to a survey conducted by the Wellness Program Management Advisor and Wellness Junction...
Benefits |

9 States and DC Team Up to Assume PBM duties

January 14, 2003 (PLANSPONSOR.com) - Nine states and the District of Columbia are joining forces, forming a nonprofit group to combat the escalating costs of prescription benefit managers...
Investing |

Long-term Private Equity Down in Q3

January 14, 2003 (PLANSPONSOR.com) - Long-term returns in private-equity funds have begun to show some weakness in recent months, in what could be another gloomy sign of things...
Investing |

Long-term Private Equity Down in Q3

January 14, 2003 (PLANSPONSOR.com) - Long-term returns in private-equity funds have begun to show some weakness in recent months, in what could be another gloomy sign of things...
Investing |

Bond Funds: Best Returns In Five Years

January 13, 2003 (PLANSPONSOR.com) - Bond mutual funds posted their best returns in five years in 2002, as low interest rates and war worries made bonds particularly attractive,...
Investing |

Bond Funds: Best Returns In Five Years

January 13, 2003 (PLANSPONSOR.com) - Bond mutual funds posted their best returns in five years in 2002, as low interest rates and war worries made bonds particularly attractive,...
Compliance |

FedEx Hit With Race Discrimination Charges

December 13, 2002 (PLANSPONSOR.com) - Charging that FedEx Corp. systematically discriminates against minorities in pay and promotions, a group of current and former employees have sued the giant...
Compliance |

Leave-based Donations Must Be Made By January 1

December 13, 2002 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has informed taxpayers that Notice 2001-69, which provides guidance for leave-based donations, will not be extended to payments...
Products |

CIGNA Retirement Expands Stock Plan Offerings

December 13, 2002 (PLANSPONSOR.com) - CIGNA Retirement & Investment Services has teamed up with Mellon Investor Services to expand plan sponsor access to simplified stock option and employee...
Products |

Janus Reopens Shuttered Funds

December 13, 2002 (PLANSPONSOR.com) - Janus has reopened to new investments four of its mutual funds that have been shuttered since 2000.
Products |

Prudential Reorganizes Fund Offerings

December 13, 2002 (PLANSPONSOR.com) - Prudential Financial has added a second family of mutual funds to its lineup, Jennison/Dryden, to join its two-year-old Strategic Partners fund group.