Participants in employer-sponsored retirement plans are prepared to reduce 401(k) account contributions to mitigate worries over health care expenses, the Mercer Workplace Survey finds.
Health benefits costs will continue to increase despite the Patient Protection and Affordable Care Act (PPACA), and in some cases, because of it, according to Sheldon H. Smith, of counsel at Bryan Cave LLP in Denver.
The American College of Financial Services created the Financial Services Certified Professional (FSCP) designation, which seeks to help advisers understand client concerns.
The American Benefits Council has requested guidance about how the ruling on the Defense of Marriage Act (DOMA) will affect health and retirement plans.
The professional retirement plan adviser profession will be
fundamentally transformed during the next three years, according to a study
from Diversified.
Provisions of the Patient Protection and Affordable
Care Act (PPACA) could cause employees to retire earlier because of health care
coverage available after leaving their companies.
Because
of the economy and recent employment-related legislation, many employers have
shifted to benefits that place primary responsibility and control on employees,
a survey found.
Being eligible to participate in a 401(k) is critical in closing the
retirement savings gap for Generation X, according to the Employee Benefit
Research Institute (EBRI).
Nearly half of all employers (47.2%) have conducted
an analysis to determine how health care reform legislation will impact their
health care plan costs.