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| Benefits & Administration |
| Nearly One Third of Pensions Have a Funding Status of 95% or More |
| Nearly one third of pensions have a funding status of 95% or more, making a buyout or risk transfer deal two possibilities they could pursue, according to analysis of 500 plans with collective assets of more than $100 billion published by RiskFirst. The number of plans with this high level of funding status increased 50% in the first half of the year.Read more > |
| Helping Employees Select the Best Health Plan Can Benefit Employers |
| A recent HSA Bank survey of 100 human resources (HR) executives showed only 10% are “very confident” their employees understand the choices they are making with health insurance, while 75% believe employees are “somewhat confident.” Selecting the “wrong plan” may cause employees to pay more without getting more coverage or benefits in return,” HSA Bank says, and Chad Wilkins, president of HSA Bank, points out it could cost employers as well.Read more > |
| Cash Incentives Boost Financial Wellness Program Performance |
| According to a report from Bank of America Merrill Lynch, both employees and employers agree that financial wellness programs are effective at reducing financial stress. In fact, fully 91% of employees who participate in a workplace financial wellness program say these resources have been effective at helping them to reduce debt, increase savings or otherwise improve their financial outlook in at least one material way. The report shows employees who do not feel financially well are most concerned about shorter-term financial goals, whereas employees who do feel financially well are most concerned about long-term goals.Read more > |
