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While the official IRS announcement will come next month, the contribution limit for retirement accounts will likely increase from $23,000 to $23,500 in 2025, according to new Mercer and Milliman reports.

Prescription drug costs are the primary factor driving prices up in the health benefits space.

Even before the COVID-19 pandemic, the health care labor market faced challenges, with the demand for professionals outpacing supply.

The first step is understanding the factors driving this ongoing upward cost trend, like specialty drugs, then conducting an audit of all current benefits offerings to help identify underutilized programs.

Companies are increasingly recognizing the value of offering comprehensive family-building benefits, not only to support employees but also to attract and retain top talent.

Plan participants have incurred substantially lower fees for holding mutual funds over the past two decades, according to new research from the Investment Company Institute.

There are opportunities for employers and their advisors to counter cost drivers and maximize their benefits spend, ensuring they can provide the benefits employees have come to expect.

Pat Tomlinson, Mercer's CEO, sees strong demand for digital solutions.