Compensation budgets are expected to stay intact in 2011, and few companies plan to take extreme measures, including pay freezes to lower costs, finds a new Aon Hewitt survey of more than 500 employers.
Based on a new Profit Sharing/401k Council of America survey, 403(b) plan sponsors took significant steps toward managing their plans for the last three years, even in this down economy and new regulations.
Single and never married employees are less likely to enroll in life insurance and disability insurance, though most who participate in these benefits say they will be important in the next five years.
Eighty percent of employers expect their non-employee workforce, which consists of consultants, independent contractors, temporary employees and project teams, to remain the same or increase in size over the next year.
In a recent independent customer satisfaction survey, nine out of 10 customers receiving Unum's voluntary short-term disability or accident insurance say they would recommend the company to their co-workers.
Employer matching can encourage how much money participants invest in their 401(k) retirement accounts, even when the employer's total contribution remains the same, finds a new Principal Financial Group analysis.
According to Aon Hewitt, health maintenance organization plans will have the highest premium increases in five years, as the average 2011 HMO rates increased 9.8 percent after plan changes, negotiations and terminations.
The U.S. Department of Labor's Employee Benefits Security Administration is proposing a rule designed to help America's workers better comprehend target date retirement funds and similar investments, which are available in 401(k)-type plans.