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| Benefits & Administration |
| Sponsors Embracing a Wider Array of Best Practices |
| Plan sponsors continue to embrace best practices when it comes to running their retirement plan, Alight Solutions found in a survey of 333 plan sponsors. Sixty-eight percent of sponsors now automatically enroll their participants into the company plan—a 10% increase since 2015. While 37% of sponsors continue to use 3% as the initial deferral rate, 33% have switched to a 6% rate.Read more > |
| Most Workers Concerned About Rising Out-of-Pocket Medical Costs |
| Sixty-three percent of Americans who have health insurance at work are worried about out-of-pocket medical costs increasing in the new year, Securian Financial Group learned in a survey. Forty-seven percent of workers are concerned that their employer will cut back on their health insurance benefits in the coming year.Read more > |
| Price Inflation Again to Blame for Much of Projected Rising Health Plan Costs |
| The Segal Group’s new Health Plan Cost Trend Survey reveals that, as found by its last year’s survey, price inflation will be the main driver of projected health plan cost increases in 2018. This will be seen most notably in prescription drugs, with projected 8.8% price inflation, and hospital services, with projected 4.6% price inflation.Read more > |
