Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 21st, 2016
Benefits & Administration
In the second half of 2015, these pension plans experienced a funding percentage decrease of four percentage points, declining from 79% at the end of June to 75% at the close of 2015, according to Milliman’s Spring 2016 Multiemployer Pension Funding Study.Read more >
Active Engagement Helps with Health Benefits Goals
A survey by DirectPath finds that 71% of employers opt for passive enrollment in their health plans. Lori Dustin, chief marketing officer at DirectPath, who is based in Boston, explains that with passive enrollment, employers provide open enrollment materials to their employee population, may host a webinar or presentation of benefits and options, then direct employees to a website for self-service enrollment. Dustin cites an AFLAC survey that found 90% of employees tend to keep the same plan they had in the previous year. The AFLAC survey found employees spend less than one hour researching benefits information. DirectPath believes active engagement is a better way for health benefits enrollment.Read more >