Employee Benefits

Trends and Innovations in Employee Benefits: Ideas You Need to Know

Kacy Reece

Kacy Reece

Blog Post

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For the past several years, we've produced an annual Trends and Innovations in Employee

 Benefits report. This report compiles some of the biggest trends, ideas, and initiatives impacting organizations and companies with respect to employee benefits, engagement, and human capitol management. As we prepared for our tenth installment our team worked diligently to continue our mission of delivering fresh, forward-thinking topics with high quality ideas shared from industry leaders, practitioners, and peers. 

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Is Financial Wellness Making an Impact for Employees?

“Are my employees on track for their financial picture?”

It's a question we get asked all the time, and whether you're an employee at an organization, an HR  executive, or a Retirement Plan Committee member, everyone wants to know if financial wellness programs are worth all the “buzz”. In this short video, I give my thoughts on why meaningful financial wellness programs are so essential, and I also encourage anyone to check out our 2017 whitepaper, Beyond Retirement: An Examination of Financial Wellness for Employers. This report aims to provide a clearer picture of what an average working American's financial situation looks like and how organizations can create programs to help their employees reach goals throughout their career for today, tomorrow, and their long-term future. 

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4 Reasons To Not Miss Our 2018 Employee Symposium

Kacy Reece

Kacy Reece

Blog Post

Every year we host our Employee Benefits Symposium,  our signature event which brings together HR & Benefits professionals for a day of networking, education, and fiduciary training. If you've never attended one of our symposiums, then you're in for a real treat. We provide attendees the tools to head back to their organization with forward-thinking knowledge that can be used to enhance their organization's benefits and employee engagement. This year, we've packed our agenda with engaging presentations that cover new trending topics, such as how to communicate with your employees, and "oldies but goodies" like HSAs and technology integration, all presented by speakers at the top of their fields. Audience participation is not only asked for but encouraged. This is a chance to for open discussion with thought leaders in the industry, so be sure to take advance of the opportunity.

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Which Unique Flavor is Your Investment Menu?

For many companies and organizations, the task of crafting the perfect investment menu can be an overwhelming mission; but it doesn’t need to be. It can be as simple as picking a dish from a menu. A well-made investment lineup is similar to the restaurant menu that offers just the right amount of options to make selecting the perfect dish an enjoyable experience.

When we’re constructing an investment menu for our clients, we advise committee members to build-out their investment menu to satisfy three types of investors: 1) the active investor, 2) the passive investor, and the 3) do-it-for-me investor. First and foremost, committee members need to be familiar with their plan's investment policy statement in order to design the line-up fittingly. Below, we detail a few items often included in a well-rounded investment menu.

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Is Your Company Culture Attracting the Millennials' Crowd?

Kacy Reece

Kacy Reece

Blog Post

Many millennials are looking for their company’s employee benefits program to go beyond the typical healthcare and retirement plan by also addressing other key priorities, such as student loan assistance, financial education, and flexible schedules. While news headlines sometimes turned their demands into stories of “entitled” or “needy” millennials, at the core, their goals are similar to past generations - they want help to take actionable steps towards achieving a healthier lifestyle -  mentally, physically, and financially.

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How to Create a Holistic Benefits Package for the Future

Kacy Reece

Kacy Reece

Blog Post

 

When you think about a 401(k) plan, do you consider why it has risen to such a popular option over a pension plan? Initially, when the IRS created the code that introduced 401(k)’s in the early 1980s, it was to give high ranking executives an added benefit to their pension plan. Today, most companies have done away with pensions plans and exclusively use defined contribution plans, such as 401(k)s and 403(b)s, as a way to mitigate costs.

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VIDEO: Are HSAs the Missing Piece to Your Employees' Benefits Package?

As more organizations begin to expand their employee benefits, are Health Savings Accounts, or HSAs, a good fit for your employees? An HSA is a savings vehicle designed to assist with out-of-pocket medical expenses, but it can double as another way for your employees to save for retirement. Currently, only those enrolled in a high-deductible health insurance plan are eligible to take advantage of an HSA. Employees can use the funds to pay for qualified medical expenses such as premium payments, deductibles, copays, and prescriptions.

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The Financial Un-Wellness of HR

It's no secret that Financial Wellness programs have been rising in popularity for quite some time. There has been an increasing awareness on the part of employers to invest time, energy, and resources into ensuring that employees are financially stable. Historically though, the focus has heavily centered almost solely on retirement planning. Retirement readiness projections, savings rates, and automatic enrollment seem to have been what has primarily been on the minds of Human Resource professionals when it comes to employees' financial lives. 

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