|
| Benefits & Administration |
| Companies Looking to Peers for Health Strategies |
| While employers plan to change their long-term
health strategies to evolve with the changing health landscape, there has been
little effort over the past year to move in that direction, according to a
survey of more than 1,000 companies by Aon Hewitt. Even some of the most
prevalent tactics in employers’ health strategies had significantly low
adoption rates in 2015. More than three-quarters of health benefit plan
sponsors surveyed said the actions of their peers influence their health care
strategies.Read more > |
| Survey Reveals Why 403(b) Plans Need Advisers |
| Fewer than half (46.7%) of organizations use an
independent retirement plan adviser separate from their service provider,
according to the 2015 403(b) Plan Survey from the Plan Sponsor Council of
America (PSCA). Aaron Friedman, national tax-exempt practice leader at The
Principal, which sponsored the survey, tells PLANSPONSOR only 25.8% of 403(b)
plans with fewer than 50 participants use an independent adviser. The most
common services for which 403(b)s use advisers include investments (73.6%),
plan design (64.4%), participant education (60.3%) and provider selection
(52.3%).Read more > |
| Most Employers Will Continue Domestic Partner Benefits |
| Fifty-seven percent of employers surveyed by the
International Foundation of Employee Benefit Plans (IFEBP) indicated they offer
benefits to same-gender domestic partners, and 45.4% offer it to
opposite-gender domestic partners. Nearly 30% that offer same-gender domestic
partner benefits say it is unlikely they will continue offering them, and less
than 20% that offer opposite-gender domestic partner benefits say it is unlikely
they will continue to. The number one reason given for dropping domestic
partner benefits was that it was only offered because same-gender domestic
partners couldn’t marry, but now they can. However, respondents cited many
reasons for continuing to offer domestic partner benefits.Read more > |
|
| Products, Deals & People |
| As part of its strategy to deliver solutions in
the expanding defined benefit (DB) pension transfer market, MassMutual has
appointed Lynn Esenwine as vice president of its pension buyout business.Read more > |
