Financial Wellness

Three Trustee Actions During Market Volatility

Jenny Gartman, CEBS
 

Recent bank failures and resulting market volatility have captured headlines in recent weeks, and many individual investors reacted quickly. However, when it comes to fulfilling their fiduciary duty in the face of unexpected news, trustees should remain calm to avoid costly investment […]

Money Savvy Kids: How Plan Sponsors Can Help Build Financial Capability for Families

Kathy Bergstrom, CEBS
 

April is National Financial Capability Month in the U.S., which represents an opportunity for employers and plan sponsors to help their employees and plan participants boost their money skills. One audience, however, that employers may not typically consider for financial education is […]

The State of Multiemployer Health Plans: Ten Takeaways

Justin Held, CEBS
 

The median cost of benefits for multiemployer health plans increased 4.7% from 2017 to 2018, reaching $11,642 per participant per year (PPPY), according to a new International Foundation report. The consistent increases in costs over the ten-year period required increases in employer […]

What Plan Sponsors Need to Know After the Passage of SECURE 2.0 Act of 2022

Amanda Wilke
 

The SECURE 2.0 Act of 2022 (SECURE 2.0 Act), which aims to increase retirement savings and expand coverage to employer-sponsored retirement plans, was included in the 4,155-page omnibus spending bill (HR 2617) to fund the government for 2023. The omnibus bill was […]

Looking to Improve Retention? These 15 Wellness Offerings May Do the Trick.

Justin Held, CEBS
 

The International Foundation of Employee Benefit Plans has surveyed benefits practitioners about their workplace wellness initiatives for more than a decade. Over this period, benefits have evolved from time-tested offerings like physical fitness, nutrition and health-screening initiatives to include mental and behavioral […]