Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 3rd, 2017
2018 Plan Sponsors of the Year
Deadline to Nominate Plan Sponsors Is Monday!
If you work with or for, or know of, a great plan sponsor, plan adviser or plan adviser team, please help us recognize the best in the business. For plan sponsors, nominations may be made by providers, advisers, consultants, actuaries, attorneys, third-party administrators, employees and colleagues, or, you can even nominate yourself. The award is given in many categories to recognize all plan types, so any plan sponsor can be eligible.Read more >
Benefits & Administration
Participants Not Foregoing 401(k) Contributions for HSA Contributions
While the number of health savings account (HSA) holders on Fidelity’s platform increased 35% over the last year, a Fidelity analysis indicates that workers who contribute to their HSA are not doing so at the expense of their 401(k) contributions. Individuals who contribute to both their HSA and their 401(k) contributed an average of 9.9% at the end of Q3, compared to a contribution rate of 8.5% for individuals who only contribute to their 401(k). And that 8.5% average 401(k) contribution in the third quarter is the highest percentage in almost 10 years, according to Fidelity.Read more >
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