Multinational employers face unique challenges when administering defined contribution plans. Fredrik Axsater, head of Global DC for State Street Global Advisors, outlines solutions and best practices for employers and their advisers to meet these challenges head on.
As more employers are moving employees out of DB plans and into DC plans, some employers are making annual contributions that employees can use to buy any plan on the free market, says Acclaris CEO Dean Mason. Private exchanges are one way employers are providing DC accounts, and they are supplying employees with funds to purchase Medicare advantage or Medigap plans. Mason elaborates on this trend and shares his thoughts on how employees can prepare for retirement.
HR departments are in over their heads with all the complexities of the Affordable Care Act, says Adena DeMonte, senior director of marketing at health tech startup Keas. Listen as she shares how brokers can help overcome employee communication gaps by following three main steps.
The DOL has released its highly anticipated proposed fiduciary rule. The rule is "softer than expected," according to Tony Franchimone, a principal at Retirement Benefits Group, but promises to help advisers support and educate their clients.
Many employers are moving to high-deductible health plans, which places more responsibility on employees. As such, employees need to be better educated about their coverage. Marty Trussell, vice president of business development at Acclaris, shares how employers can help educate their workforce about their health benefits.
Brokers can leverage enrollment technology to improve their experience, and that of their clients, says Guardians Beata Rogala. The VP of enrollment and e-business shares how adviser and employer feedback shaped Guardians new enrollment tool. Brokers told us they needed instantaneous access to comprehensive and super flexible, very easy to deploy communication tools, she says.
The tax will take effect in 2018, and employers need to learn how to live with it. That can be accomplished by putting programs in place to ensure employees have the most information available to make the best choices, says Carlos Hernandez, vice president of strategic accounts at Acclaris.
A private health care exchange involves the sharing of multiple data points, so how can employers and providers prevent breaches? Listen as Ryan Keehn, assistant vice president of security operations at Businesssolver, discusses what questions to ask providers and how to ensure the data is secure.
In states that run their own health care exchanges, many legislatures thought of the setup costs during the establishment process, but few thought about ongoing funding to achieve a breakeven point let alone how to get to a surplus, says Jeffrey Kissel, CEO of Hawaiis state-run exchange. Listen as Kissel shares how exchanges are making their funding cases now and how his business background -- he was previously CEO of Hawaii Gas helps him in his new role at Hawaii Health Connector.
Companies struggle with absence management, and many employers have difficulty interpreting federal and state leave laws, new research shows. Guardian's Michael Estep shares what issues employers face and what they can do to manage absenteeism.