Transamerica Employee Benefits, formerly known as Transamerica Worksite Marketing, announced Tuesday the launch of a new voluntary prescription drug indemnity benefit that provides access to discounted prescription medications for employees who otherwise may not have access to affordable health care.

Though the recession has weakened returns and made saving harder for families, many people still aren't taking full advantage of 401(k) benefits. But is a $1 million balance possible for an employee making $35,000 a year? Perhaps.

While traditional pension plans were seen as a benefit on top of employee salary, today's employers factor 401(k) contributions into the overall salary equation.

While a succession plan can provide a safety net in the face of unforeseen events, no succession plan is completely foolproof, warns consulting firm Cutting Edge Information.

The U.S. Department of Labor's Employee Benefits Security Administration, the Internal Revenue Service and the Pension Benefit Guaranty Corp. released Tuesday advance informational copies of the 2011 Form 5500 annual return/report and related instructions.

OptumHealth has amended its stop loss contract to provide protection to self-insured plan sponsors who may face additional exposure resulting from changes in the claims appeal process under health reform.

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