| | Benefits & Administration | | Fidelity Finds Positive DC Savings Trends | | A benefits analysis survey by Fidelity Investments finds that its clients’ participants are saving more than ever before. The total average savings rate for 401(k) investors, combined with employer matches and profit sharing, reached a record high of 12.9% in the first quarter of 2017. The previous high was seen back in Q1 2006, when the total average savings rate was 12.8%. The average employee deferral rate was 8.4% with an average employer match of 4.5%. Savings rates were highest among older age groups.Read more > | | Medical Cost Trends Outpace Inflation, Wages | | While medical cost increases have slowed in recent years, insurers in the U.S. still report trends between 7% and 9% per year, from 2015 to 2017, according to Willis Towers Watson’s 2017 Global Medical Trends Survey Report. As in recent years, employers continue to make changes to their plan designs to keep employee cost increases to a minimum.Read more > |
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