February 9, 2023
Via: HR HeroAccording to new data from Conduent, 43% of eligible employees don’t participate in a health savings accounts (HSA). 57% of those who make an HSA contribution don’t capture the full benefit, with an average contribution of less than $500, which […]
Development & Evaluation, Employee retention
April 7, 2022
Via: SHRMLegislation moving through Congress would prompt more employers to automatically enroll new employees in 401(k) or similar defined contribution retirement plans and to increase participants’ savings rates over time. Even without new mandates to do so, however, more employers are […]
December 23, 2021
Via: EntrepreneurIf you leave a job or retire, you’re often encouraged to roll over your 401(k) or other workplace retirement account into an individual retirement account. That might not be the right move. Workplace plans have rules that can protect you […]
March 1, 2021
Via: HR HeroThe short-term financial impact of COVID-19 has been swift and damaging to many Americans. While we can’t yet calculate the long-term impact, early indications present a serious financial strain on future retirees’ retirement. We know that COVID-19 has increased the […]
December 20, 2019
Via: WorkforceIn recent decades, the American workforce has undergone sweeping changes. Globalization and technology have conspired to reduce the percentage of middle-wage, middle-skill jobs in the economy. The explosive growth of Internet-based communications has made remote work — whether locally or […]
July 3, 2019
Via: HR HeroThis year’s college graduates are among the luckiest yet—unemployment is at its lowest rate since 1969, and employers plan to hire 11% more graduates, with higher salaries, from the class of 2019 than the class of 2018. In a competitive […]
March 6, 2019
Via: HR HeroMany 401(k) plan sponsors seek to reduce their potential fiduciary liability by electing to be a Section 404(c) plan. Under Employee Retirement Income Security Act (ERISA) Section 404(c), a fiduciary is not liable for losses in the plan resulting from […]
October 12, 2018
Via: HR Hero2017 saw job satisfaction among U.S. employees fall. However, the American workforce might be out of its funk! According to new research, there is strong evidence that both workers and their employers have renewed feelings of workplace optimism and satisfaction. […]
November 3, 2016
Via: HR MorningThe IRS just released the 2017 retirement plan contribution limits, and the changes aren’t big ones. This year, the U.S. Consumer Price Index didn’t trigger a cost-of-living adjustment (COLA) increase for the vast majority of plans, so the major plan […]
November 1, 2016
Via: WorkforceAccording to the American Psychological Association survey, 72 percent of Americans are stressed about money. And new data from FINRA Investor Education Foundation suggests they have a right to be — it reveals the country’s frighteningly low levels of financial […]
November 1, 2016
Via: Ere MediaNavigating the vast array of retirement plan options can be challenging for small and mid-sized businesses. In fact, a recent survey by the U.S. Government Accountability Office found that only about 14% of small businesses (fewer than 100 employees) offer […]
December 28, 2015
Via: SHRMThe Federal Reserve announced on Dec. 16 that it is raising its benchmark interest rates by a quarter of a percentage point after nearly a decade of keeping interest rates close to zero, with similar increases expected in the coming […]