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| Webcast Event |
| A large body of research now confirms the
magnitude of the leakage problem in the U.S. retirement system. However, little
has been done to investigate the behavioral drivers of leakage, especially
cash-outs. This webcast covers the findings of fresh research conducted by
Boston Research Technologies, offering revealing insights into job changer’s
decisions about their retirement plan balances, particularly related to
cash-outs, as well as their attitudes and behaviors towards portability (moving
their retirement savings), such as leaving those balances in the former plan or
rolling those assets over to their new plan or to an IRA. The session concludes
with practical and effective steps that all plan sponsors should take, given
the risks and opportunities that the study reveals.Read more > |
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| Benefits & Administration |
| Generation X Most at Risk Financially |
| A review of Northwestern Mutual’s 2015 Planning
and Progress Study data shows Generation X has the poorest financial habits of
all generations in the survey. In addition to comprising the majority of
“informal” planners, Gen X has more “spenders” than “savers” compared to other
generations and is the least likely to have more savings than debt.Read more > |
| Health care insurers report continued rising
premiums into 2016 with claim trends exceeding general inflation for at least
the next 18 months, according to the Spring Healthcare Trend Survey from Wells
Fargo Insurance, part of Wells Fargo & Co. Another challenge facing
employers is the Patient Protection and Affordable Care Act (ACA) excise tax,
or so-called Cadillac tax, on high-cost plans that will be effective in 2018,
Wells Fargo notes.Read more > |
| Employers Tweaking Early Retiree Health Benefits |
| Challenges and opportunities created by the
Affordable Care Act (ACA) are prompting 66% of companies to consider altering
their pre-65 retiree health strategies over the next few years, Aon Hewitt finds.
Of those companies considering a different strategy, 35% favor sourcing health
coverage through the public exchanges under a defined contribution (DC)
approach, according to Aon Hewitt’s 2015 Retiree Health Care Survey. More than one-quarter
of companies (28%) are considering eliminating pre-65 retiree coverage and
subsidies altogether.Read more > |
