Tag: Retirement

August 19, 2020

The workplace has been transformed forever by the COVID-19 pandemic. The American workforce has dramatically changed the ways they communicate, accomplish essential tasks, and manage others. Roles once reserved for in-person interaction now require new levels of technology and cooperation. […]

July 14, 2020

As employers reevaluate employee benefits following the labor shock of 2020’s COVID-19 pandemic, they must look at ways to both shore up financial health and help reduce potential future stressors. Evidence shows that having enough savings on hand is one […]

June 4, 2020

Remarks, especially from managers, can sometimes provide evidence of discrimination. Generally, however, courts require they meet certain standards. Earlier this year in a case dealing with allegations of race bias, the 5th Ciruit ruled that “stray remarks” made to an […]

January 13, 2020

More of the workforce remaining for the long haul can be great for the employer. After all, this means more industry and organizational knowledge is kept in-house, customer relationships are continued, and loyal employees stay on, resulting in better retention […]

December 20, 2019

In 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 10, 2019

At every stage of the traditional career path, employees are shifting expectations of when and where they work, how their performance is managed and how they are compensated. It shouldn’t be a surprise that expectations about retirement are changing, too. […]

July 8, 2019

When it comes to generational recruiting, most of the focus has been on Millennials. Now, with the emergence of Generation Z, the focus is shifting once again. But what about Generation X? Between Baby Boomers retiring and Gen Z entering […]

July 2, 2019

When employees expect to retire versus when employers expect workers to retire can be two very different plans that often translate into a reality neither party imagined. But there are ways employers can help employees get closer to meeting their […]

February 6, 2019

Communicating with employees is one of the most important aspects of any workplace retirement plan. A plan may be carefully designed to help participants achieve their retirement objectives, but if the plan sponsor does not effectively communicate the key information, […]

November 12, 2018

Despite the recent increase in discussion around the need to save wisely for retirement, many Americans underestimate the healthcare costs they will face when they retire. In a study conducted by HSA Bank, 67% of consumers believe they will need […]

October 4, 2018

Comprised of four or even five generations, today’s workforce is a melting pot made up of employees of all ages and demographics. It’s more diverse than ever, and as a result, can pose challenges for HR professionals and employers when […]

July 17, 2018

Financial wellness is becoming an increasingly important component of employee benefits packages and a common topic of conversation for human resources professionals nationwide. And with good reason! Nearly three-quarters (72%) of Americans report being stressed about finances and that anxiety […]

June 1, 2018

According to a worldwide survey, the majority of current workers and retirees think future retirees are going to be in bad shape. In The New Social Contract: A Blueprint for Retirement in the 21st Century, which is based on a […]

April 12, 2018

Employee benefits and retirement plans must comply with various laws and regulations to maintain their tax-qualified status. Some errors that can cause a plan to lose its tax-qualified status may occur in the underlying plan document.More commonly, the error will […]

March 7, 2018

Eastman Chemical Co. has helped its employees stay healthy for nearly two decades. The company, whose heritage traces back to World War I, is a modern-day wellness wonder. It has fitness centers, holds seminars on healthy eating, provides monetary rewards […]

March 5, 2018

There’s a finality to the concrete definition of retirement. It’s the conclusion of one part of a person’s life and the commencement of the next, the solid boundary separating work and rest, a figurative brick wall marking a definite point […]

January 30, 2018

Nearly 25% of full-time employees in the U.S. do not receive benefits, such as health insurance, retirement savings plan, or paid vacation, from their employers, according to a new survey by Clutch, a B2B research firm. These findings suggest that […]

January 10, 2018

United Technologies Corp. said it has the pension for the 21st century built into its 401(k) plan. It’s called lifetime income, and United is one of the few companies that automatically enrolls workers into the option. About five years ago, […]

November 17, 2016

Getting your new retirement plan started out right means matching your business and employee needs with the plan options that will best suit them during the set up process. Careful planning during this planning phase can help you avoid plan […]

November 1, 2016

Navigating 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 […]