PLANSPONSOR Weekend Newsdash
Week ending October 11th, 2019
The offering of health savings accounts (HSAs) has grown exponentially since their introduction in 2004. In recent years, they have been presented as a powerful tool for helping employees save for health care expenses in retirement, but they may also help with employees’ current financial wellness. A big problem is that many employees—and even employers—don’t fully understand how HSAs work. More education is needed for employees to get the best use of HSAs for their needs. Enjoy this edition of PLANSPONSOR Weekend! And, please note that on Monday, PLANSPONSOR.com readers will find a new website experience. We hope you will find it even more engaging and intuitive!
Editor's choice
Benefits
Health Care a Top Concern to Address in Financial Wellness Programs
Surya Kolluri, with Bank of America, says financial wellness should be thought of in the broadest way, with an eye toward how employees live their lives; this includes health care and caregiving efforts.Read more >
Benefits
Investing HSA Savings Is Key to Building Accounts
It is also important to fund accounts right away.Read more >
Benefits
Entry-Level Employees to Top Executives Need HSA Education
Employee education about 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.Read more >
Research
Health Savings Account Buyer’s Guide
Employers have many choices when selecting an HSA partner. Providers compete in a number of different areas, including local/national participant service offerings; interest rates on cash balances; investment option types and availability; and bundling strategies.Read more >
Products
WEX Health to Host HSA Education Event
The live-streamed panel discussion will take an in-depth look at the uses, benefits and tax advantages of health savings accounts (HSAs), as well as their use as a long-term retirement plan and safety net.Read more >
MOST POPULAR STORIES
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.
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.

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.

Friday Files - January 24, 2020

A little Friday fun!

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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