Word on Benefits

The Multiemployer Health Plan Landscape Report: Key Findings

Cathe Gooding, CEBS

01 Apr 202501 Apr 2025

Examining Form 5500 data submitted by 1,480 multiemployer health plans, the average benefit costs for the plans increased about 5% from 2018 to 2020, reaching $12,298 per participant per year (PPPY), according to The Multiemployer Health Plan Landscape: A 15-Year Look (2006-2020), […]

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Mental Health Parity Pitfall to Avoid: Network Adequacy Data

Jenny Gartman, CEBS

27 Mar 202501 Apr 2025

The Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act (MHPAEA) requires group health plans that provide mental health or substance use disorder (MH/SUD) benefits to offer parity between coverage of physical health conditions and mental health conditions. The […]

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Building a Psychologically Safe Workplace: A Key Step in Reducing Employee Stress

Ashton DeMoss

26 Mar 202526 Mar 2025

Stress is nothing new for working people. It’s a feeling that more than 80% of U.S. workers have reported experiencing, according to the Occupational Safety and Health Administration (OSHA). While the right amount of stress can be a positive and motivating influence, […]

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The Multiemployer Retirement Plan Landscape Report: DB Key Findings

Cathe Gooding, CEBS

25 Mar 202525 Mar 2025

The overall health of multiemployer defined benefit (DB) retirement plans improved from 2020 to 2021. The average multiemployer DB plan net investment return for 2021 was 14.5%, up from 2020 (11.4%), according to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2007-2021) recently […]

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Four Generations, One Workplace

Rebecca Plier

20 Mar 202520 Mar 2025

It’s 2025, and there are currently four different generations (or five, depending on who you ask) in the workforce. That’s a lot of folks with different values for organizations to juggle and presents a real challenge for those seeking top talent. A […]

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Ontario’s Working for Workers Acts

Amanda Wilke, CEBS

18 Mar 202518 Mar 2025

Ontario is set to undergo changes in the workplace due to three bills that received Royal Assent in 2024—Working for Workers Four Act, 2024; Working for Workers Five Act, 2024; and Working for Workers Six Act, 2024 (collectively, the Acts). The Acts […]

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The Real Savings of Financial Wellness

Ashton DeMoss

17 Mar 202517 Mar 2025

According to Forbes, over 60% of employees report being stressed due to their financial situation. This stress can negatively affect both physical and mental health and even personal relationships, including those with colleagues. However, when financial stress is reduced, employees report being […]

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The Multiemployer Retirement Plan Landscape Report: DC Key Findings

Cathe Gooding, CEBS

11 Mar 202511 Mar 2025

The overall health of multiemployer defined contribution (DC) retirement plans improved from 2020 to 2021. The average account balance for a participant in a median multiemployer DC plan increased from $46,100 at the end of 2019 to $52,800 at the end of 2021, […]

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Empowering Women by Supporting Their Well-Being at Work

Ashton DeMoss

07 Mar 202507 Mar 2025

While much work has been done to break down systemic barriers and biases for women both personally and professionally, these issues still exist. In fact, research collected by the World Economic Forum highlights that, at the current rate of progress, it will take until […]

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Automation Speeds Up Social Security Fairness Act Processing

Jenny Gartman, CEBS

07 Mar 202507 Mar 2025

The Social Security Administration (SSA) has sped up implementation of the Social Security Fairness Act (SSFA) using automation, per Lee Dudek, acting commissioner of Social Security. The law requires SSA to adjust benefits for over three million people, the bulk of which […]