Multiemployer Archives - Page 4 of 9

The State of Multiemployer Health Plans: 10 Takeaways

Justin Held, CEBS

12 Jan 202113 Jan 2021

The median cost of benefits for multiemployer health plans increased 47% over the ten-year period from 2008 to 2017, reaching $11,201 per participant per year (PPPY), according to a new International Foundation report. The consistent increases in costs over the ten-year period […]

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Apprenticeship Programs Employee Benefits Multiemployer U.S.

“What Is an Apprenticeship Agreement?” and Other Questions for Your Plan

Justin Held, CEBS

06 Jan 202106 Jan 2021

Apprenticeship and training funds have a long history of providing skilled workers for a number of industries. These funds are classified as employee welfare benefit plans under the Employee Retirement Income Security Act of 1974 (ERISA) and are typically exempt from federal […]

Affordable Care Act (ACA) Coronavirus (COVID-19) Employee Benefits Multiemployer Talking Benefits Podcast U.S.

2020 Benefits Year in Review

Anne Patterson

22 Dec 202022 Dec 2020

If this year has proven anything, it’s that nobody has a crystal ball (or one that works anyway!) Last December 2020, the Talking Benefits podcast team made some predictions for the year ahead. Though we were widely off, we spent the latest […]

Apprenticeship Programs Coronavirus (COVID-19) Employee Benefits Multiemployer U.S.

Virtual Instruction Strategies for Apprenticeship Programs

Kathy Bergstrom, CEBS

09 Dec 202008 Dec 2020

Although the COVID-19 pandemic caught many off guard, the experience has provided opportunities for apprenticeship programs and training funds to adapt training methods that will meet educational needs far into the future. In their article “Staying Connected: Virtual Instruction Strategies for Apprenticeship […]

Canada Coronavirus (COVID-19) Employee Benefits Multiemployer U.S.

Time to Update Your Disaster Recovery Plan

Kathy Bergstrom, CEBS

23 Nov 202023 Nov 2020

Many say it would have been nearly impossible for multiemployer benefit funds to prepare for a pandemic as serious and widespread as COVID-19. However, having a comprehensive disaster recovery plan that addressed infectious disease in place prior to the pandemic would have […]

Coronavirus (COVID-19) Employee Benefits Multiemployer U.S.

Five Steps for Moving to Paperless Benefit Fund Administration

Kathy Bergstrom, CEBS

21 Oct 202019 Oct 2020

The COVID-19 global pandemic has added urgency to the case for paperless employee benefit fund administration. In her article “A Virus Makes Paperless Fund Administration Go Viral” in the September issue of Benefits Magazine, Jenny Morgan discusses the advantages and considerations involved […]

Defined Contribution (DC) Plans Employee Benefits Multiemployer Retirement U.S.

The Multiemployer Retirement Plan Landscape: 10 DC Plan Takeaways

Justin Held, CEBS

19 Oct 202014 Oct 2020

According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2003-2017), the average defined contribution (DC) plan account balance increased significantly from 2003 to 2017, growing to $43,500 while aggregate disbursements also grew. The increase in disbursements—coupled with a lack of growth […]

Defined Benefit (DB) Plans Employee Benefits Multiemployer Pensions Retirement U.S.

The Multiemployer Retirement Plan Landscape: 10 DB Plan Takeaways

Justin Held, CEBS

12 Oct 202014 Oct 2020

According to the most recent data from The Multiemployer Retirement Plan Landscape: A Fifteen-Year Look (2003-2017), demographic trends in multiemployer plans have become less favorable as the number of actively working participants have decreased relative to the number of inactive and retired […]

Employee Benefits Multiemployer U.S.

Best Practices in Trustee Recruitment, Selection and Retention

Justin Held, CEBS

17 Aug 202016 Aug 2020

Significant expected turnover on multiemployer benefit fund trustee boards and the increasing complexity of serving as a trustee are among the key challenges faced by these boards. To address this changing landscape, trust funds are deploying a wide range of initiatives to […]

Defined Benefit (DB) Plans Employee Benefits Multiemployer Pensions Retirement U.S.

Multiemployer Pension Actuarial Certifications Revisited

Jenny Gartman, CEBS

28 Jul 202028 Jul 2020

The COVID-19 pandemic has drastically impacted benefit trust funds and will continue to have a marked effect on these plans. With volatile market performance that has not been seen since 2008, many plans are finding that their funding levels are suddenly in […]