Benefits | July 14th, 2015 Average HSA Balance Rose 37% in 2014 Today, 17 million policyholders and dependents are covered in 13.8 million accounts.
Compliance | July 14th, 2015 IRS Provides Summary of Form 5500 Changes The Form 5500 filing deadline is July 31 for calendar year-end retirement plans.
Benefits | July 14th, 2015 HSAs Woefully Underutilized, HelloWallet Finds Participants in health savings accounts contributed a median of $700 a year.
Compliance | July 14th, 2015 Guidance Coming About State-Run Retirement Plans President Obama has asked the DOL for guidance by the end of the year.
Benefits | July 14th, 2015 Will Scotus Marriage Decision Affect Partner Benefits? Most employers that offer domestic partner benefits to both same-sex and opposite-sex partners say they are not considering dropping it.
Products | July 14th, 2015 Measuring Plan Health Can Boost Retirement Readiness MassMutual publishes book on improving plan outcomes.
Deals and People | July 14th, 2015 Mercer Hires Health and Benefits Practice Leader Jean Moore joins the consulting firm from Towers Watson.
Compliance | July 14th, 2015 ERISA Plans Not Safe from Government-Owed Restitution A federal court has found a retirement plan participant’s plan balance can be garnished for money owed to the U.S. government.
Products | July 14th, 2015 Financial Engines Updates Social Security Tool The Financial Engines Social Security planner will incorporate new data from the Social Security Administration.
Compliance | July 13th, 2015 DOL Clarifies Annuity Selection Safe Harbor Regulation In a Field Assistance Bulletin, the DOL answers questions it has received about the fiduciary selection safe harbor regulation for DC plans.
Investing | July 13th, 2015 Active Management Important to Investors Professional U.S. investors say protecting capital in down markets is one of the most important considerations when selecting an active manager.
Compliance | July 13th, 2015 IRS to Host Webinar About Fixing Plan Mistakes The free event will cover how updates to the IRS correction program make fixing certain retirement plan failures easier.
Data and Research | July 13th, 2015 Financial Literacy Among CEOs and CFOs on LinkedIn A paper studies just how financially literate LinkedIn users are, with the so-called Big Three literacy questions as their starting point.
Investing | July 13th, 2015 Institutional Investors More Cautious About Alternatives Meanwhile, advisers are more enthusiastic about alternative investments, a survey finds.
Compliance | July 13th, 2015 On Remand, ABB Wins Fund Change Case In the long-running Tussey v. ABB lawsuit, a court found ABB breached its fiduciary duties, but a procedural error by plaintiffs handed ABB the win.
Deals and People | July 13th, 2015 Lockton Expands Executive Benefits Practice Daniel Barry will join the Mountain West office.
Data and Research | July 13th, 2015 Retiring at Age 65 May Be Going Extinct Only 12% of those not retired expect to ever completely retire.
Administration | July 13th, 2015 Sponsors Should Ask for Indemnification in Provider Contracts Indemnification clauses cover costs when being sued—but don’t eliminate fiduciary responsibilities.
Products | July 13th, 2015 Bank of America Merrill Lynch Launches Longevity Training The program for HR and benefit plan professionals helps them understand issues facing all generations in the workforce.
Compliance | July 10th, 2015 DOL Seeks Independent Fiduciary for Abandoned Plan The plan’s recordkeeper refused to make distributions after the former plan fiduciary changed each participant’s address to his own.