Wednesday, May 3rd, 2023 A topical newsletter from PLANSPONSOR The Benefits Spend Information for plan sponsors about how to maximize plan benefits. SPONSORED AD Benefits October Three’s New Plan Design Includes Guaranteed Lifetime Income The consulting firm announced the launch of its new retirement solution, O3 Prime, which offers a 401(k) account in tandem with a cash balance pension plan.  Benefits How Employers Select HSA Providers A diverse group of plan sponsors spoke about their decision-making process to choose a health savings account provider. Benefits What Does Financial Wellness Mean to You? People from various parts of the retirement industry share their definitions.  Benefits Lower-Paid Workers Are Declining Employer Health Insurance, Workplace Benefits Separately published research finds significant disparities in employer medical coverage and that employees’ participation in workplace benefits is based on income. Benefits Rising Health Care Costs Should Set Off Alarm Bells for Plan Sponsors, Study Shows While employers are being challenged to absorb high health benefit costs, inflation is placing a burden on employees’ ability to afford health care, a new Mercer study reveals.  Data and Research What Will Retirement Plan Access, and Employer Benefits Look Like in 2026? Industry experts polled for Transamerica research expect a wide range of financial well-being benefits will be common by 2026. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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