Properly educating workers about their health coverage is critical for consumer-driven health plans (CDHPs) to be successful, according to research compiled by the Employee Benefit Research Institute (EBRI). The report says: “should health education initiatives prove ineffective, the ‘consumer-driven health movement’ could well be doomed, especially if it relies upon fully educated health consumers taking […]
A recent study by The Segal Company showed that while historically, bankruptcy has been the most common reason for companies to form Voluntary Employees’ Beneficiary Associations (VEBAs), collective bargaining and a challenging economy are becoming more prominent causes. Interest in VEBAs has increased since the recent agreements between a number of automobile manufacturers and the […]
A 2008 economic and pension forecast from Mercer says that although little has changed in the pension world in three decades, the years to come will be anything but ordinary. “The speed of change is expected to increase in the next few years,” said Scott Clausen, head of Mercer’s executive retirement group. Mercer surveyed the […]
Recent research confirms that automatic enrollment for new hires can improve initial participation rates, but will they save enough for retirement? A study conducted by Vanguard’s Center for Retirement Research says many participants will not. In many ways, automatic enrollment plans had positive impacts on new employees. The study, which observed 55 plans adopting automatic […]
High personal debt is affecting employees’ ability to save for retirement, according to a study by Fidelity Investments. The study found that one-third of American workers in the nonprofit sector added to their workplace savings plans last year. While 57% of tax-exempt employees contributed to a retirement fund, 44% also possess more than $5,000 in […]