Employees are expecting more from their companies and they're pushing for greater financial flexibility to give them a leg up on building wealth – perks that go far beyond a 401(k) plan, such as student loan repayment.
This week, the Labor Department issued a proposed information collection request, seeking voluntary assistance of plan administrators in developing an online search tool to help workers gain access to lost retirement savings.
A settlement between the drugmaker and insulin patients that would have capped patients' out-of-pocket insulin costs at $35 for 4 years has fallen apart, after an "unfavorable ruling" from the judge overseeing the case.
On Monday, the RansomHub cybercriminal hacking group followed through on threats to share sensitive medical and financial records stolen from Change Healthcare, despite the health tech firm allegedly paying a $22 million ransom.
An artificial intelligence algorithm can screen for diabetic retinopathy, an innovation that puts ophthalmology alongside radiology, cardiology, and dermatology as specialties in which AI innovation is happening fast.
The new bill is the latest attempt to restrict the use of environmental, social and governance factors in retirement plans by specifying that fiduciaries may consider only "risk and return" factors when making investment decisions.
The PWFA requires employers to provide reasonable accommodations to employees, however, the final rule provides clarification for "reasonable accommodations," such as time off for health care appointments and abortions.
Younger generations are adding a side hustle or second job at a heightened rate and more than half of adults expect inflation to increase this year, according to a new Northwestern Mutual study.
The Centers for Medicare & Medicaid Services' final rule aims to stop brokers from steering beneficiaries to certain plans in exchange for higher reimbursement from insurers, while giving them more predictable compensation.
People of color are contributing to retirement accounts at lower rates and are more likely to take early withdrawals, which is why employers need to explore how best to reach these employees, says a new study.
DebugScreen: mobile
{
"author": {
"name": "Lynn Cavanaugh",
"webUrl": "/author/profile/lynn-cavanaugh/",
"description": "",
"imageLarge": "https://secure.gravatar.com/avatar/62062a00fbe93c33ef31c11a3faeda3c?s=136&d=mm&r=g",
"estimate": 1439,
"social": [
{
"network": "twitter",
"value": ""
},
{
"network": "linkedin",
"value": ""
},
{
"network": "facebook",
"value": ""
},
{
"network": "googlePlus",
"value": ""
}
],
"articles": [
{
"uri": "/2024/04/18/financial-wellness-benefits-employers-cant-afford-not-to-offer-them-now/",
"title": "Financial wellness benefits: Employers can't afford not to offer them now",
"byline": "Nico Simko",
"kicker": "Best Practices",
"prettyDate": "April 18, 2024",
"timeToRead": "7 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/Investment-and-savings-growth-Article-202402071009.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/nico-simko/",
"name": "Nico Simko"
}
],
"kickerNode": [
{
"uri": "/best-practices/",
"sectionName": "Best Practices"
}
],
"summary": "Employees are expecting more from their companies and they're pushing for greater financial flexibility to give them a leg up on building wealth – perks that go far beyond a 401(k) plan, such as student loan repayment.",
"body": null
},
{
"uri": "/2024/04/18/401k-plan-administrators-dol-needs-your-help-to-find-missing-participants/",
"title": "401(k) plan administrators, DOL needs your help finding 'missing' participants",
"byline": "David Baumann",
"kicker": "News",
"prettyDate": "April 18, 2024",
"timeToRead": "3 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/Lisa-Gomez-Article-202402141612.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/david-baumann/",
"name": "David Baumann"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "This week, the Labor Department issued a proposed information collection request, seeking voluntary assistance of plan administrators in developing an online search tool to help workers gain access to lost retirement savings.",
"body": null
},
{
"uri": "/2024/04/18/no-more-35-insulin-cap-eli-lilly-plaintiffs-call-off-13-5m-class-action-settlement/",
"title": "No more $35 insulin cap? Eli Lilly, plaintiffs call off $13.5M class action settlement",
"byline": "Alan Goforth",
"kicker": "News",
"prettyDate": "April 18, 2024",
"timeToRead": "2 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2019/11/EliLilly-e1710294849208.jpg",
"width": "615",
"height": "371"
},
"authors": [
{
"webUrl": "/author/profile/alan-goforth/",
"name": "Alan Goforth"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "A settlement between the drugmaker and insulin patients that would have capped patients' out-of-pocket insulin costs at $35 for 4 years has fallen apart, after an \"unfavorable ruling\" from the judge overseeing the case.",
"body": null
},
{
"uri": "/2024/04/18/change-healthcares-stolen-private-patient-data-leaked-by-ransomware-group/",
"title": "Change Healthcare's stolen 'private' patient data leaked by ransomware group",
"byline": "Alan Goforth",
"kicker": "News",
"prettyDate": "April 18, 2024",
"timeToRead": "3 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/Cybersecurity-Article-202404171458.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/alan-goforth/",
"name": "Alan Goforth"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "On Monday, the RansomHub cybercriminal hacking group followed through on threats to share sensitive medical and financial records stolen from Change Healthcare, despite the health tech firm allegedly paying a $22 million ransom.",
"body": null
},
{
"uri": "/2024/04/17/as-ai-eye-exams-prove-their-worth-lessons-for-future-tech-emerge/",
"title": "AI eye exams are proving their worth — providing quick diagnoses, without a doctor",
"byline": "Hannah Norman, KFF Health News",
"kicker": "News",
"prettyDate": "April 17, 2024",
"timeToRead": "7 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/Optometrist-Article-202404151158.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/hannah-norman-kff-health-news/",
"name": "Hannah Norman, KFF Health News"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "An artificial intelligence algorithm can screen for diabetic retinopathy, an innovation that puts ophthalmology alongside radiology, cardiology, and dermatology as specialties in which AI innovation is happening fast.",
"body": null
},
{
"uri": "/2024/04/17/house-gop-members-attempt-to-overturn-dols-esg-rule-again/",
"title": "House GOP members attempt to overturn DOL's ESG rule, again",
"byline": "Alan Goforth",
"kicker": "News",
"prettyDate": "April 17, 2024",
"timeToRead": "3 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/Greg-Murphy-Article-202404161241.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/alan-goforth/",
"name": "Alan Goforth"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "The new bill is the latest attempt to restrict the use of environmental, social and governance factors in retirement plans by specifying that fiduciaries may consider only \"risk and return\" factors when making investment decisions.",
"body": null
},
{
"uri": "/2024/04/17/divided-eeoc-announces-final-rule-for-the-pregnant-workers-fairness-act-412-165929/",
"title": "Pregnant Workers Fairness Act: EEOC's final rules include abortion accommodations",
"byline": "Maydeen Merino",
"kicker": "News",
"prettyDate": "April 17, 2024",
"timeToRead": "3 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2019/07/08_EEOC_AP-Images.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/maydeen-merino/",
"name": "Maydeen Merino"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "The PWFA requires employers to provide reasonable accommodations to employees, however, the final rule provides clarification for \"reasonable accommodations,\" such as time off for health care appointments and abortions.",
"body": null
},
{
"uri": "/2024/04/17/as-financial-insecurity-hits-record-high-employees-need-help-protecting-their-assets/",
"title": "As financial insecurity hits record high, employees need help protecting their assets",
"byline": "Anson Jones",
"kicker": "Research",
"prettyDate": "April 17, 2024",
"timeToRead": "2 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/Economic-recession-Article-202311141225.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/anson-jones/",
"name": "Anson Jones"
}
],
"kickerNode": [
{
"uri": "/research/",
"sectionName": "Research"
}
],
"summary": "Younger generations are adding a side hustle or second job at a heightened rate and more than half of adults expect inflation to increase this year, according to a new Northwestern Mutual study.",
"body": null
},
{
"uri": "/2024/04/16/cms-final-rule-on-medicare-advantage-plans-caps-comp-for-brokers-agents/",
"title": "CMS: Final rule on Medicare Advantage plans caps comp for brokers, agents",
"byline": "Alan Goforth",
"kicker": "News",
"prettyDate": "April 16, 2024",
"timeToRead": "3 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/Health-Insurance-Broker-Article-202401120937.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/alan-goforth/",
"name": "Alan Goforth"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "The Centers for Medicare & Medicaid Services' final rule aims to stop brokers from steering beneficiaries to certain plans in exchange for higher reimbursement from insurers, while giving them more predictable compensation.",
"body": null
},
{
"uri": "/2024/04/16/having-the-conversation-can-401k-plan-design-close-the-race-gender-gap-in-retirement-savings/",
"title": "Have the conversation: 401(k) plan changes can close the racial retirement savings gap",
"byline": "Scott Wooldridge",
"kicker": "Research",
"prettyDate": "April 16, 2024",
"timeToRead": "6 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/Diversity-and-inclusion-poster-Article-202404111344.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/research/",
"sectionName": "Research"
}
],
"summary": "People of color are contributing to retirement accounts at lower rates and are more likely to take early withdrawals, which is why employers need to explore how best to reach these employees, says a new study.",
"body": null
}
]
}
}
