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Benefits & Administration |
Holistic Well-Being Programs Becoming Critical Business Drivers |
Employee well-being programs are taking a more holistic approach and incorporating everything from physical health to mental wellness and financial stability, according to the latest Business of Healthy Employees survey by Virgin Pulse and Human Capital Media (HCM). The report indicates that these programs are no longer “nice-to have” offerings, but critical drivers of employee recruitment, retention and engagement. For the first time in the survey’s history, improving employee engagement was cited as the top reason employers offer well-being programs, equal to managing health care costs.Read more > |
Plan Providers Unveil Sophisticated Education Resources |
The Retirement Plan Monitor report from Corporate Insight suggests retirement plan provider firms have consistently introduced new, higher quality resources to participant websites, and many of the firms tracked by the research now provide “engaging resources across a variety of mediums.” These resources cover “comprehensive selections of retirement topics,” Corporate Insight reports. The proliferation and evolution of retirement educational resources continue to be among the most prevalent trends within the digital retirement space.Read more > |
Participant Survey Highlights Lasting Roth Confusion |
The latest research from Cerulli Associates suggests that two out of three retirement savers have either no understanding or a mistaken understanding of Roth 401(k) contributions. According to Jessica Sclafani, associate director at Cerulli, the finding is particularly timely given the potential “Rothification of the defined contribution (DC) market through tax reform.” The lack of understanding of Roth contributions, should Congress move to limit pre-tax savings, will cause significant confusion and potentially a significant drop in savings, according to Cerulli. However, there are also some emerging proponents of the “Rothification” of DC plans.Read more > |