At PLANSPONSOR, our focus is to give plan sponsors all the information they need to fulfill their duties with respect to retirement plans. However, we recognize that other benefits intersect with the retirement plan benefit. For example, health benefits are costly to employers and often compete with retirement plans in employer budgets. In addition, health savings accounts (HSAs) are now being touted as a way to save and invest for retirement health care costs. Financial wellness programs and student loan repayment benefits can help employees manage current financial issues in order to save for retirement. Equity compensation plans can also be used for retirement savings or for dealing with short-term financial issues. And now, a new concept, sidecar accounts, is aimed at helping participants build an emergency fund so they are less likely to tap into retirement accounts for short-term expenses. This edition of PLANSPONSOR Weekend focuses on the other benefits that intersect with retirement savings.
Overall, approximately one-fifth of organizations have a restriction or other cost-saving measure in place for coverage of spouses and domestic partners, a survey from SHRM finds.Read more >
Dave Chase, co-founder of Health Rosetta, says three questions address three big problems in health care: pricing failure, overtreatment and a crazy amount of administrative burden.Read more >
Discussing the launch of a new UBS equity compensation support program, Michael Barry spoke about the importance of linking equity compensation awards to employees’ broader financial picture.Read more >
The term “sidecar savings accounts” has been introduced into the retirement industry’s lexicon, and new legislation has been introduced to allow employers to auto enroll employees into them.Read more >