Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 10th, 2018
Benefits & Administration
Financial Wellness Programs May Not Be Right for All Companies
Just over half of employers are familiar with the topics that a financial wellness program should cover, Strategic Benefit Services learned in a survey of employers conducted in February. While they are growing in popularity, financial wellness programs may not be the right fit for all companies, the provider of retirement services to health care and other not-for-profit organizations says. Among employers that do not offer a financial wellness program, reasons cited in a survey were: have not thought about it, need more resources to execute, need to focus on other organization priorities, do not perceive any financial benefits, and do not want to get involved in employees’ personal finances.Read more >
Focus on Both Financial and Physical Wellness Crucial to Employee Retirement Outcomes
Mercer suggests smart companies will help employees grow professionally, lead healthier lives and make better financial decisions by leveraging technology to efficiently deliver an enhanced employee experience.Read more >
Segal Consulting: Change to Actuarial Assumptions Not Reasonable for Multiemployer Plans
In the first two public hearings held by the Joint Select Committee for the Solvency of Multiemployer Pension Plans, some members raised questions suggesting that one way to reduce the risk associated with multiemployer plans would be to force them to use more conservative actuarial assumptions and to adhere to stricter funding standards—in other words, follow funding rules similar to those in place for single-employer plans, according to Segal Consulting. To determine the impact of such a change, the firm performed a detailed analysis of two national multiemployer plans.Read more >
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