Practical HR Tips, News & Advice. Updated Daily.
The plan loan activity of participants in employer-sponsored 401(k) plans that allow it declined slightly in the first three quarters of 2015, but remained steady with the previous-year period’s levels, according to a recent survey. As of September 2015, the latest available data when the Investment Company Institute issued the report, 17.6 percent of defined contribution plan […]
By Bruce Roffé Businesses sponsoring self-insured health plans are desperately seeking ways to reduce health care costs, and it’s no secret prescription drugs make up a significant chunk of those costs. If you look more closely, specialty drugs emerge as a main culprit. These high-cost meds made up less than one percent of all written […]
We would like to have 3 different payroll deductions for employee benefits—for employees who work under 30 hours per week, 30-39 hours per week, and 40 or more hours per week. What are the surrounding legal issues?
By Ruth Berkowitz, VP at Liazon Corporation
Millennial employees—18 to 34 years old—selected high deductible healthcare plans more than any other age group. However, while approximately 44% of employees in this group chose HDHPs, a much smaller number of these employees took full advantage of health savings accounts (HSAs), according to Benefitfocus inaugural “State of Employee Benefits 2016” report.
It won’t come as a surprise to anyone in employee benefits to hear that people in different generations listen and respond to messaging in different ways. Generational differences show themselves in many aspects of our lives, financial, social, or otherwise.
Contrary to commonly-held beliefs, the focus for chief financial officers (CFOs) goes far beyond controlling costs when it comes to health benefits, according to a new survey that finds that as partners in making health benefits decisions, CFOs do not focus single-mindedly on financials.
Contrary to popular belief, work-life balance and work flexibility issues aren’t primarily women’s issues. In fact, for certain benefits, it is men who use them more frequently and are more likely to say that their work is interrupted for personal or family reasons, according to results of a new survey.
We have a question about part time employee benefits. If we have employees who change from full-time status to part time, they may not have enough payroll to cover their benefit cost. If they don’t have enough payroll and we can’t take the payroll deduction, are they still eligible for benefits?
A new ADP® study reveals that middle market employers’ concerns about government regulations have grown dramatically, superseding their concerns about the Affordable Care Act (ACA) and health care costs for the first time since the study’s inception in 2012.