PLANSPONSOR Weekend Newsdash
Week ending March 8th, 2019
If an employer is spending an exorbitant amount on health insurance benefits, it makes it difficult to be generous with retirement benefits. Surveys show employers are becoming more innovative in plan designs and strategies in order to reign in health costs for both themselves and employees. Value-based care and specialty pharmacy strategies are just a couple of examples. Employers are still focusing on physical wellness programs, but looking for better ways to improve outcomes and engage employees. In addition, consumer-directed health plans (CDHPs) tied with health savings accounts (HSAs) can reduce costs for employers and provide employees with a bucket of savings for both current and future health care expenses. This week’s PLANSPONSOR Weekend newsletter focuses on the cost of health care.
Editor's choice
Employers Using Evolving Health Care Strategies Cut Costs Significantly
Willis Towers Watson identifies lessons employers can learn from what it deems “best-performing” companies in its annual Best Practices in Health Care Employer Survey.Read more >
Survey Reveals How Employers Can Improve Wellbeing Program Outcomes
A survey of employees by Welltok finds workers want more personalized wellbeing resources and more digital experiences, among other things.Read more >
Lack of Education Could Result in Greater Long-Term Health Costs
Only 33% of employees surveyed by Maestro Health say they completely understand the health coverage offered through their employers, and 62% indicated they feel their employer does not serve as a resource for their health care-related questions.Read more >
Study Shows Where HSA-Users Spend Their Savings
According to a study by Lively Inc. its average HSA-holder spent 93% of his account savings on household health care costs last year.Read more >
Tying HSAs to Retirement Savings
Kelley Long, certified financial planner with Financial Finesse, shared information to help employers promote health savings accounts (HSAs) as a retirement savings tool for employees.Read more >
Getting SECURE Act’s Lifetime Income Provisions Right
Industry sources agree pains must be taken to ensure mandatory lifetime income projections to participants are accurate and contextual education is provided.
2020 Best in Class 401(k) Plans
PLANSPONSOR is pleased to announce the sixth “class” of companies winning the Best in Class 401(k) Plan designation.
The Future for Annuities in DC Plans
The SECURE Act offered an annuity selection safe harbor for plan sponsors, but education will be the first step in getting this income protection to plan participants.
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.

Why Nonprofits May Prefer a 403(b) Plan Over a 401(k)

It often comes down to nondiscrimination testing.

Editorial: Alison Cooke Mintzer


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