Employers will be facing a changing landscape when it comes to health care in 2024, as they continue to see significant spending in the areas of mental health, prescription drugs and cancer treatment, says a new survey.
Under ERISA regulations, the fiduciary has 4 areas of duty: loyalty to the participants, prudence in running the plan, and the ongoing duties to diversify and minimize risk and to follow plan documents, unless they violate ERISA rules.
Health insurance satisfaction surges 4% to a record-high of 76 (out of 100), with Humana maintaining its leadership position among insurers, according to the annual American Customer Satisfaction Index.
Roughly half of U.S. workers have a good grasp on the attributes of HSAs: 61% say it's a way to save for future health care expenses, but only 25% said it's a way to invest money for health care expenses in retirement, says a new study.
Citibank's Diverse Asset Manager Program has received approval from the DOL to offer guidance to other firms if they wish to pursue DEI initiatives while working with service providers in ERISA-compliant retirement plans.
After 6 years of litigation, GE will settle the lawsuit - the largest ERISA case alleging retirement plan mismanagement - that claimed underperforming funds were the only actively managed options available to participants.
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{
"uri": "/2023/11/08/in-depth-4-key-health-trends-driving-employer-costs-in-2024/",
"title": "IN-DEPTH: 4 key health trends driving employer costs in 2024",
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"summary": "Employers will be facing a changing landscape when it comes to health care in 2024, as they continue to see significant spending in the areas of mental health, prescription drugs and cancer treatment, says a new survey.",
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{
"uri": "/2023/11/08/small-biz-ceos-worried-about-economic-prospects-keeping-a-close-eye-on-health-care-benefits/",
"title": "Small biz CEOs worried about economic prospects; keeping a close eye on health care benefits",
"byline": "Scott Wooldridge",
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"prettyDate": "November 08, 2023",
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"summary": "The survey found 44% of small business CEOs have already switched or are planning switching insurers in the near future.",
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{
"uri": "/2023/11/08/a-401k-plan-sponsors-fiduciary-duties-the-4-key-responsibilities-under-erisa-rules/",
"title": "A 401(k) plan sponsor's fiduciary duties: The 4 key responsibilities, under ERISA rules",
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"summary": "Under ERISA regulations, the fiduciary has 4 areas of duty: loyalty to the participants, prudence in running the plan, and the ongoing duties to diversify and minimize risk and to follow plan documents, unless they violate ERISA rules.",
"body": null
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{
"uri": "/2023/11/03/trust-in-ai-as-a-work-partner-is-still-evolving-report-finds/",
"title": "Trust in AI as a work partner is still evolving, report finds",
"byline": "Scott Wooldridge",
"kicker": "News",
"prettyDate": "November 03, 2023",
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"summary": "The survey found that 53% of employees who self-described as engaged reported being comfortable in working with AI.",
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"uri": "/2023/10/30/health-insurance-customer-satisfaction-hits-record-high-while-humana-is-industry-leader/",
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"summary": "Health insurance satisfaction surges 4% to a record-high of 76 (out of 100), with Humana maintaining its leadership position among insurers, according to the annual American Customer Satisfaction Index.",
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{
"uri": "/2023/10/23/employers-are-finding-a-middle-ground-between-remote-and-onsite-work/",
"title": "Employers are finding a middle ground between remote and onsite work",
"byline": "Scott Wooldridge",
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"uri": "/2023/10/18/how-hsas-can-bridge-the-health-wealth-gap-start-educating-employees-now/",
"title": "How HSAs can bridge the health & wealth gap: Start educating employees now",
"byline": "Scott Wooldridge",
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"prettyDate": "October 18, 2023",
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"summary": "Roughly half of U.S. workers have a good grasp on the attributes of HSAs: 61% say it's a way to save for future health care expenses, but only 25% said it's a way to invest money for health care expenses in retirement, says a new study.",
"body": null
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"prettyDate": "October 16, 2023",
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"summary": "According to officials with SelectSoftware, the findings reflect that there can be significant differences among states in employee happiness.",
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"uri": "/2023/10/13/citibank-can-offer-401k-plan-sponsors-a-roadmap-to-help-close-the-racial-wealth-gap/",
"title": "Citibank can offer 401(k) plan sponsors a roadmap to help close the 'racial wealth gap'",
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"summary": "Citibank's Diverse Asset Manager Program has received approval from the DOL to offer guidance to other firms if they wish to pursue DEI initiatives while working with service providers in ERISA-compliant retirement plans.",
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"uri": "/2023/10/11/general-electric-will-pay-61m-in-largest-ever-401k-mismanagement-suit/",
"title": "General Electric will pay $61M in 'largest ever' 401(k) mismanagement suit",
"byline": "Scott Wooldridge",
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