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week ending December 13th, 2019 Employers and employees alike were increasingly interested with health savings accounts (HSAs) and health benefits in 2019. From entry-level employers to top leadership executives, employee education on health benefits remained a top concern for plan sponsors. Small employers who have trouble paying their plan's health costs can implement strategies to hold down expenses, said Mercer. For HSA holders hoping to invest, Morningstar released a report suggesting employers evaluate HSA providers and investment menus. Additionally, a report explains why following up with employees after the open enrollment period could maximize their benefit, and a study warns against the risk of HSA cyber hacks. Have a great weekend! Editor's Choice Benefits Entry-Level Employees to Top Executives Need HSA Education Employee education about health savings accounts (HSAs) remains the dominant concern of plan sponsors, and plan sponsors struggle to tell employees how to allocate their savings dollars, according to a survey from PSCA. Benefits Strategies for Small Employers to Hold Down Health Benefit Costs Small Employers can ask for incentives and pricing models from insurers, focus on primary care, and band together to reduced health benefit costs. Benefits HSA Holders Looking to Invest, But What Will They Find? Although investment menu designs are better, there are still improvements that can be made and items plan sponsors should evaluate when selecting an HSA provider. Benefits Following Up on HSAs After Open Enrollment Educating employees about health savings accounts can help them maximize their benefit. Benefits HSA Cybersecurity: A Threat That is Growing Health savings account (HSA) holders are encouraged to save the money in their accounts for long-term health care expenses, but the less they use their accounts, the greater the risk for fraud and identity theft. Popular Reads 2019 DC Best in Class Providers From PLANSPONSOR’s annual Defined Contribution Survey, DC plan providers are evaluated and rated according to feedback from their own clients. 2019 DC Survey Standouts Through PLANSPONSOR’s annual DC Survey, 14 providers received the highest marks when plan sponsors answered questions related to provider satisfaction. Compliance IRS Announces 2020 Contribution and Benefit Limits The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500. Investing Consider the More Conservative Investments Pre-Retirees Should Hold With potentially lower future returns and low interest rates, plan sponsors should reexamine plan investments to help participants with retirement income. Data and Research Few Retirees Receiving Income from the Three-Legged Stool Only 6.8% receive income through Social Security, a defined benefit (DB) plan and a defined contribution (DC) plan, the NIRS found. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Weekend directly in your mailbox!

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