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  If your clients haven’t started factoring in how much they’ll need to cover health care costs in retirement, a new report might convince them to start doing so. Annual estimates about the potential cost of retiree health care produced by consulting firm Milliman show that a healthy 65-year-old... READ MORE
This week we’ll commemorate Independence Day – but with all of freedom’s lessons, there are certain things that plan committees (still) have in common with the Second Continental Congress. Certainly anyone who has ever found their grand idea shackled to the deliberations of a committee, or who has... READ MORE
Maintaining good health looms large among older adults who say it is the biggest factor in achieving their goals in retirement. In a new survey by UnitedHealthcare, nearly 70% of Americans ages 62 and older said physical health is most important to them as they age, followed by cognitive health (... READ MORE
Paying their children’s expenses while caring for their parents, Gen X families are facing a precarious financial situation as they close in on retirement, a new report explains.   The study by the Employee Benefit Research Institute (EBRI), which examines key financial indicators of Gen X... READ MORE
The U.S. Supreme Court has agreed to take on yet another ERISA case this term. This case – Thole v. U.S. Bank, N.A., U.S., No. 17-1712, certiorari granted 6/28/19 – involves a suit by participants in U.S. Bank’s pension plan who, after the plan fiduciaries alleged mismanagement resulted in $750... READ MORE
Ascensus has entered into an agreement to acquire HR Simplified, a TPA that performs a variety of benefits administration and benefit continuation services. Among HR Simplified’s offerings are HSAs, FSAs, HRAs, pre-tax commuter benefit programs and COBRA administration. It will immediately become... READ MORE
While much has been written about the topic, new research suggests that some common thinking about “gig workers” simply doesn’t hold up. Despite the popular perception that most external workers can’t find a steady full-time job, a large majority of respondents (74%) in a new survey from SHRM and... READ MORE
Many employees continue to struggle with competing financial priorities, prompting 401(k) providers to create solutions through financial wellness programs, but it will require more than educational content, a new report advises. According to research from Cerulli Associates, educational content... READ MORE
In what marked the S&P 500’s best first-half performance since 1997, the average 401(k) balance also turned in a solid performance. According to estimates from the nonpartisan Employee Benefit Research Institute (EBRI), the average 401(k) balance for those aged 25-34 with 1-4 years of tenure... READ MORE
HealthEquity Inc. has agreed to buy WageWorks Inc. for $2 billion to gain more access to the market for health savings accounts. HealthEquity, Inc., which calls itself the nation’s largest HSA non-bank custodian, and WageWorks, Inc., which administers HSAs and complementary consumer-directed... READ MORE

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