With more than 70% of 401(k) plans including target-date funds in their investment lineup, and a growing number of plans adopting auto enrollment and using TDFs as their default fund, you’d expect significant growth in TDF assets. And you’d be right. At year-end 2014, nearly one-in-five (18%) of the assets in the EBRI/ICI 401(k) database… Read More
The U.S. Equal Employment Opportunity Commission on Monday issued final rules that allow employers to offer limited incentives for employees and spouses who provide their personal health information as part of a voluntary workplace wellness program. The rules, which are mainly consistent with the EEOC’s proposals last year, clarify how Title I of the Americans… Read More
Few midsize employers are using HDHPs, Benefitfocus finds, and this could be at the expense of employee wellbeing and cost control, it suggests. For companies looking to reduce their health care benefits spending, the high-deductible health plan (HDHP) represents a powerful way to shift costs to employees and encourage thriftier health care utilization, a report… Read More
We have partnered with Advantage Benefits Group since the Company’s inception. Advantage does an excellent job as a ‘full service employee benefits agent’ providing us with value based/cost effective employee benefit solutions. They also do an outstanding job in the area of customer service – in fact, their staff refuses to be uninvolved when it comes to making absolutely certain that our benefit plans deliver the value expected. Without question, Advantage Benefits continues to exceed our expectations.