Happy National Employee Benefits Day! It’s like Christmas for benefits professionals, but without the reindeer sweaters, last-minute regifting and hiding from relatives. No sirree. National Employee Benefits Day (#NEBD) is a holiday that finds us on our best behavior—this year more than most, because the 2018 theme for Benefits Day is behavioral decision making.
At www.ifebp.org/benefitsday, you’ll find quick tips for your organization to boost retirement security, a guide of must-know terms from the behavioral sciences, registration for a FREE webcast (held today at 2:00 p.m. Central!) on how to make big impacts through small tweaks, and the next blockbuster superhero film (starring Behavioral Decision Making Man).
But, above all, Employee Benefits Day is a celebration of you and all you do to better the lives of your plan participants. So here’s a lighthearted list of ideas to help you get down in celebration town.
Top Ten Ways to Celebrate National Employee Benefits Day
- At the next all-staff meeting, stand up and sing the retirement security song “Stop, Drop and Automatic Enroll.”
- When young beneficiaries lose a tooth, encourage them to place the usual-and-customary fee schedule underneath their pillow so the Tooth Fairy knows the proper reimbursement rate.
- This year and each subsequent year, to avoid the familial consequences of providing favorable treatment at Thanksgiving dinner, test all of your guests on their actual contribution percentage.
- Tonight, make it your main action item to dream about modeling an innovative decision aid for a cost-benefit analysis of a feasibility study that tackles the opportunity costs of delivering new benefits lingo.
- Create a hip-hop musical of your summary plan description à la Hamilton, featuring lyrics like: The plan is in safe harbor now/See if you can spot it/Another participant sayin’ “Yeah, I got it.”
- If you discover that a plan member nearing retirement has never shifted an investment portfolio from 100% equities, don a tuxedo, grab a martini, lean against the cubicle wall and declare in your best spy voice, “Bond. Triple-A bond.”
- Start a job interview with: If you could be any wellness decision tree, what type of wellness decision tree would you be?
- Tell your members not to give in to hindsight bias because it’s not covered under your vision insurance.
- Repeat to yourself: If someone uses the term joint probability, they aren’t talking about the odds of your health plan including marijuana coverage.
- If you can’t make it to an after-work outing with friends, remember that you never cancel. You simply take advantage of your opt-out provision.
The following suggestion, technically the 11th, is considered an excess contribution to the Top Ten list and thus is not tax-deductible. At this time, the Internal Revenue Service and Canada Revenue Agency are not enforcing penalties on those who continue reading.
- After providing investment education all week, use the weekend to enter a poetry slam under the name Risk A Verse.
Robbie Hartman, GBA
Editor, Publications for the International Foundation