Student Loan Changes May Impact Retirement Saving
Major changes to student loans could be coming to an employee near you. While payment options may be reduced for borrowers, plan sponsors looking for avenues to help those participants still have many options.
Three Focus Areas for Plan Sponsors on Benchmarking
Employers know that a strong benefits lineup attracts and retains quality employees. They also know those employees are the best asset their company has. But they might not know what they don’t know: how those costs and fees compare to their competition. It can be hard to know what points to look at when comparing plans. Yet benchmarking is essential to plan management.
Hold on to Your HSA Horses: Challenging the Narrative that Education Alone Will Increase Employee Investments in HSAs
The prevailing wind when it comes to encouraging employees to invest their HSA funds is to increase education. But that does not mean sponsors have to sail into it. Instead, they may want to factor in sharp rises in health care spending and continuing needs for emergency funds when drafting internal communications.
What Counts as a “Recession” and Why Your Plan Participants Are Probably Getting This Term Wrong
Lately we’ve noted an uptick in the word recession. It isn’t the frequency of its use that concerns us, it’s the placement. Lately, the use of the word recession has been popping up more in the general media. While we know that talk of recession is a strong indicator of investor confidence concerns, it’s a complicated topic. Getting it right is important.
Are the Kids Still Alright? Retirement Readiness Based on More Than Vibes
New research indicates a gap between how well retirees perceive that they are doing against how well they actually are financially. In the past survey responses of retirees showed high satisfaction even though objective measures told a different story. Plan sponsors may want to increase participant education programming to help with the gap areas identified in new research.
DOL’s Fiduciary Rule: Signs That It Isn’t Coming Back
The Department of Labor (DOL’s) beleaguered fiduciary duty rule lingers on in federal court litigation, but there are signs that the dispute (as well as the Rule) may not be around for long.
