The contruction firm is being sued over the fees retirement plan participants paid after being defaulted into managed accounts, which were "essentially expensive target-date funds," according to the ERISA lawsuit
Next year, the new limits for health savings accounts and high-deductible health plans are a slight bump, following 2024's largest-ever increase to the amount employees can set aside in their accounts.
The pending legislation will have little effect on employers' processes, but it's a good reminder about the importance of educating employees about the impacts that life changes, like divorce, may have on their benefits.
Brokers can benefit from a new lead generation tool developed by Judy Diamond Associates for small employers, while wellbeing provider Grokker is offering a new "live session" mental health solution for employees.
"Employment extenders" - a growing segment of employees working beyond the traditional age of retirement - have unique needs that may influence how they use existing benefits but simultaneously be looking for new offerings.
Health and retirement benefits are more important now than they've ever been as employers compete for top talent, with employees' mental health now taking a more prominent place in a company's benefits package.
The move will enable management consulting firm Aon to push its footprint into the rapidly expanding middle-market benefits consultant, wealth manager and retirement plan advisory services market.
New laws seek to expand Americans' access to health savings accounts, such as those who have previously been held back from establishing one, however, employer contributions are fundamental to adoption success.
The e-commerce giant is looking to its Prime members to bolster its newly-acquired, nationwide primary care service: For an additional $99 a year, members can have 24/7 access to health care services.
Despite nagging inflation, 401(k) plans saw record-highs in participation, deferral rates and the use of professionally managed allocations in 2022, according to Vanguard.