Health savings accounts hold an important spot as a benefits program to help employees prepare for health care needs in retirement but women's investment balance lags behind men's by 15%, says a new BofA report.
The uncertainties over the past few years have clearly affected workplace savers, who are now less sure about when retirement will come, what it will look like and how they should prepare for it, according to a new survey.
Despite improvements in employment and income inequality, the U.S. slipped in the Natixis Global Retirement Index, dropping to 20th place, as high inflation and public debt caused overall retirement security to deteriorate.
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.