What's New - May 2016

Index to All Months

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[5/25/16] The Pew Charitable Trusts: A Look at Access to Employer-Based Retirement Plans in the Nation’s Metropolitan Areas

[5/25/16] PlanSponsor: “More DB Plan Sponsors Likely to Take Risk Transfer Action

[5/25/16] Northwestern Mutual: 2016 Planning & Progress Study -- The Financial States of America [Note: The full study can be downloaded at the website.]

[5/25/16] Bankrate, Inc.: “Bankrate study: Seniors’ incomes in 47 states don’t go far enough

[5/25/16] NAPA Net: “Senate Joins House in Fiduciary Regulation Disapproval

[5/25/16] Milliman Research Report: “2016 Milliman Medical Index: Healthcare costs for the typical American family will exceed $25,000 in 2016. Who cooked up this expensive recipe?

[5/25/16] Forbes: “Big Data: A Game Changer in Healthcare

[5/25/16] FierceHealthPayer: “How United grew into a healthcare industry behemoth -- Strategic business moves, acquisitions allowed the company to thrive

[5/25/16] Healthcare Dive: “EEOC rules aim to clarify employer wellness programs

[5/25/16] Human Resource Executive Online: “EEOC Addresses Leave Issues

[5/24/16] Willis Towers Watson: “2015/2016 Staying@Work -- United States Research Findings: Improving Workforce Health and Productivity

[5/24/16] Kaiser Health News: “2 GOP Congressmen Offer Alternative Health Care Plan

[5/24/16] Marsh & McLennan Agency LLC Benefit Advisor: “Compliance Issues for Wellness Plans

[5/24/16] T. Rowe Price: 10 Years Later: Pension Protection Act’s Impact on Defined Contribution Plans [Executive Summary]

[5/24/16] Bloomberg BNA: “Pension Auto-Portability Seen as Key to Preventing Leakage

[5/24/16] Financial Finesse: Generational Research, 2016

[5/24/16] BrightScope and Investment Company Institute: The BrightScope/ICI Defined Contribution Plan Profile: A Close Look at ERISA 403(b) Plans, 2013

[5/24/16] USA Today: “Social Security changes: Are you grandfathered in?

[5/23/16] Kaiser Family Foundation Issue Brief: “Workplace Wellness Programs Characteristics and Requirements

[5/23/16] AcademyHealth Research Insights: “Paying for Value: Progress and Obstacles

[5/23/16] The Commonwealth Fund: Evaluating the CARE Act: Implications of a Proposal to Repeal and Replace the Affordable Care Act [Note: The report and appendix can be downloaded at the website.]

[5/23/16] Goldman Sachs Asset Management: Presentation to CIEBA: Trends in 2015 Pension Fund Data

[5/23/16] Society for Human Resource Management: “Roth 401(k) Options Are Underused -- 4 steps to boost participation

[5/23/16] Employee Benefit Adviser: “Clients seeking more institutional approach to TDFs

[5/23/16] Corporate Insight Blog: “Mobile Enhancements Sweep the Retirement Sphere

[5/23/16] CNBC: “Risk tolerance is a blind spot for ‘accidental’ investors

[5/23/16] The Frugal Fiduciary Blog: “How to Evaluate 401k Provider Competence in 2 Easy Steps

[5/23/16] Vox.com: “Robo-advisers are the hottest trend in investing, but for most there’s a better way

[5/20/16] International Foundation of Employee Benefit Plans: 2016 Employer-Sponsored Health Care: ACA’s Impact [Survey Results]

[5/20/16] Marsh Consulting Group: “Cost Control Strategies in an ACA World Part 1: Strategies vs. Tactics

[5/20/16] Reuters: “Healthcare costs nosedive when smokers quit

[5/20/16] MedCityNews: “Sleepio app lets employers offer better sleep as a health benefit

[5/20/16] America’s Health Insurance Plans: Ensuring Access to Quality Behavioral Health Care: Health Plan Examples

[5/20/16] National Center for Health Statistics: Health Insurance Coverage: Early Release of Estimates from the National Health Interview Survey, 2015

[5/20/16] Brookings TechTank [Blog]: “Health care data as a public utility: how do we get there?

[5/20/16] TheStreet: “Target Date Funds Offer Convenience - but Also Pitfalls

[5/20/16] NAPA Net: “Time to Stretch the Match?

[5/20/16] USA Today: “7 easy steps to give your retirement profile an annual checkup

[5/20/16] RAND Corporation: Retirement Benefits and Teacher Retention: A Structural Modeling Approach [Note: The Ebook can be downloaded for free.]

[5/20/16] Reason.com: “Arizona Voters Approve Public Employee Pension Reforms

[5/19/16] National Conference on Public Employee Retirement Systems: Economic Volatility: Hidden Societal Cost of Prevailing Approaches to Pension Reforms

[5/19/16] Las Vegas Review-Journal: “Nevada pension costs increasing

[5/19/16] BNY Mellon: The DC Plan of the Future: DB Principles for the DC Generation

[5/19/16] CFO Research and Prudential Financial: Closing the Gap in DB Plans

[5/19/16] Employee Benefit News: “Employers seeking more institutional approach to TDFs

[5/19/16] TIAA Institute: Advancing Financial Literacy, Capability and Well-Being Among Hispanics

[5/19/16] InvestmentNews: “More Americans today are fuzzy on what 529 college savings plans do -- Help with college savings would be very popular employee benefit, survey shows

[5/19/16] USA Today: “When should spouses wait till 70 to claim Social Security benefits?

[5/19/16] Employee Benefit Adviser: “Clients advised to revisit wellness programs

[5/19/16] TheStreet: “Be Sure to Explore the Investment Options in Your Health Savings Account

[5/18/16] U.S. Department of Health and Human Services: Nondiscrimination in Health Programs and Activities; Final rule [as published in the Federal Register on May 18, 2016 - Effective Date: This rule is effective July 18, 2016; Applicability Dates: The provisions of this rule are generally applicable on the date the rule is effective, except to the extent that provisions of this rule require changes to health insurance or group health plan benefit design (including covered benefits, benefits limitations or restrictions, and cost-sharing mechanisms, such as coinsurance, copayments, and deductibles), such provisions, as they apply to health insurance or group health plan benefit design, have an applicability date of the first day of the first plan year (in the individual market, policy year) beginning on or after January 1, 2017.]

[5/18/16] The Beacon [Blog]: “Workers Increasingly Prefer Pay More Than ‘Benefits’

[5/18/16] Wolters Kluwer Law & Business: “Teleworkers more likely to pursue wellness options on their own compared to office-based counterparts

[5/18/16] PricewaterhouseCoopers: Pension/OPEB 2016 Assumption and Disclosure Study

[5/18/16] NAPA Net: “CT State-Run Retirement Bill Heads for Governor’s Signature

[5/18/16] CFO Research and Prudential Financial: Pension Risk Transfer: Annuities Getting Increased Attention

[5/18/16] Fox Business: “What Is the Average Income in the U.S.?

[5/18/16] NAPA Net: “Could Fees Cost Millennials $590,000 in Retirement Savings?

[5/18/16] Internal Revenue Service: Removal of Allocation Rule for Disbursements From Designated Roth Accounts to Multiple Destinations; Final regulations [as published in the Federal Register on May 18, 2016 - Effective Date: These regulations are effective on May 18, 2016; Applicability Date: These regulations generally apply to distributions on or after January 1, 2016 (or an earlier date chosen by the taxpayer that is on or after September 18, 2014).]

[5/17/16] Kaiser Health News: “EEOC Limits Employee Wellness Program Incentives With New Rules

[5/17/16] U.S. Equal Employment Opportunity Commission: Genetic Information Nondiscrimination Act; Final rule [as published in the Federal Register on May 17, 2016 - Effective date: This rule is effective July 18, 2016; Applicability date: This rule is applicable beginning on January 1, 2017.]

[5/17/16] U.S. Equal Employment Opportunity Commission: Regulations Under the Americans With Disabilities Act; Final rule [as published in the Federal Register on May 17, 2016 - Effective date: This rule is effective July 18, 2016; Applicability date: This rule is applicable beginning on January 1, 2017.]

[5/17/16] U.S. Equal Employment Opportunity Commission: “EEOC’s Final Rule on Employer Wellness Programs and the Genetic Information Nondiscrimination Act

[5/17/16] U.S. Equal Employment Opportunity Commission: “EEOC’s Final Rule on Employer Wellness Programs and Title I of the Americans with Disabilities Act

[5/17/16] U.S. Equal Employment Opportunity Commission: “Small Business Fact Sheet: EEOC’s Final Rule on Employer-Sponsored Wellness Programs and Title II of the Genetic Information Nondiscrimination Act

[5/17/16] U.S. Equal Employment Opportunity Commission: “Small Business Fact Sheet: EEOC’s Final Rule on Employer Wellness Programs and Title I of the Americans with Disabilities Act

[5/17/16] Health Affairs [Blog]: “Seeking Compromise, Supreme Court Remands Contraceptive Coverage Case to Lower Courts

[5/17/16] PlanSponsor: “Firms Partner To Help Employers Reduce Medical Spend

[5/17/16] Lawton Retirement Plan Consultants: “401(k) Investment Menu Best Practices

[5/16/16] Bloomberg BNA: “PBGC to Double Penalties for Failing to Give Notices

[5/16/16] The Wall Street Journal: “401(k) Fees, Already Low, Are Heading Lower

[5/16/16] LifeHealthPro: “What women want: Annuitizing retirement assets

[5/16/16] Morningstar: “The Portfolio Strategy You Need Before and During Retirement

[5/16/16] The Motley Fool: “The Scary Reason So Many People Are Working Beyond 65

[5/16/16] NAPA Net: “Proprietary Fund Offerings Draw Participant Lawsuit” [Habib v. M&T Bank Corp.]

[5/16/16] PlanSponsor: “Small Businesses Need Action to Expand Health Benefits Options

[5/16/16] Deloitte: Insights from the 2016 Survey of US Health Care Consumers: A Look at Exchange Consumers

[5/16/16] Gallup: “Majority in U.S. Support Idea of Fed-Funded Healthcare System

[5/16/16] Politico: “Obamacare’s ‘Wellness’ Gamble -- What seemed a terrific bipartisan health idea is proving to be a multibillion-dollar question mark--and a privacy worry, to boot.

[5/13/16] NAPA Net: “EBRI-ERF Forum Traces Retirement Challenges and Solutions

[5/13/16] PlanSponsor: “Plan Sponsors Should Promote Roth Accounts More

[5/13/16] MSN: “’I’ll never retire’: Americans break record for working past 65

[5/13/16] Greenwich Time: “Only 40% of U.S. Households Saving Enough

[5/13/16] Shearman & Sterling LLP: “The DOL’s New Fiduciary Rule: The Thin Line Between Education and Advice

[5/13/16] InvestmentNews: “Leading Senate critic of DOL fiduciary rule says chamber will try to kill it

[5/13/16] Bloomberg BNA: “Multiemployer Plan Conundrum: Are Composite Plans the Answer?

[5/13/16] U.S. Census Bureau: “Uninsured Rate for Working-Age Adults Decreases in Majority of Counties, Census Bureau Reports

[5/13/16] Kaiser Health News: “House Republicans Win Lawsuit Over Obamacare Subsidies

[5/13/16] Health Affairs [Blog]: “Judge Rules Against Administration in Cost-Sharing Reduction Payment Case

[5/13/16] PlanAdviser: “Data Supports Need to Save More for Retirement Health Costs

[5/12/16] Willis Towers Watson: “Near-site health centers: the next frontier

[5/12/16] The Pew Charitable Trusts and MacArthur Foundation: State Retiree Health Plan Spending -- An Examination of Funding Trends and Plan Provisions

[5/12/16] The Robert Wood Johnson Foundation: “Five Data Insights from the 2016 ACA Marketplace -- and a look ahead to 2017

[5/12/16] Kaiser Family Foundation Issue Brief: “Medicare Advantage 2016 Spotlight: Enrollment Market Update

[5/12/16] Vanguard Commentary: “Money Market Reform and Stable Value: Considerations for Plan Fiduciaries

[5/12/16] MarketWatch: “Opinion: Donald Trump is now threatening the 401(k)s of ordinary Americans -- If you think defaulting on Treasurys would only hurt the Chinese, think again

[5/12/16] National Public Pension Coalition: “Early Retirement May Be Unavoidable

[5/12/16] InvestmentNews: “DOL official: Agency will consider changes to fiduciary rule if problems arise

[5/11/16] Milliman 100 Pension Funding Index: “Milliman Analysis: Corporate pension funded status drops by $25 billion in April

[5/11/16] BlackRock®: Why It’s Time to Rethink Fixed Income Options for Defined Contribution Menus

[5/11/16] Franklin Templeton Investments: Retirement Income Strategies and Expectations (RISE) Survey Results

[5/11/16] Investors.com: “Gender Gap: Men and Women Plan Differently for Retirement

[5/11/16] CNBC: “Using a free online retirement calculator? Be cautious

[5/11/16] NAPA Net: “MD Adopts State-Run Savings Program

[5/11/16] PlanSponsor: “What to Anticipate from Washington for Retirement Plans

[5/11/16] InsuranceNewsNet: “Expanding Generic Drug Use Could Save Billions

[5/11/16] The New York Times: “Hillary Clinton Takes a Step to the Left on Health Care

[5/11/16] U.S. Equal Employment Opportunity Commission: “Employer-Provided Leave and the Americans with Disabilities Act

[5/10/16] Xerox Corporation FYI®: “San Francisco Adopts Fully Paid Parental Leave

[5/10/16] Human Resource Executive Online: “Making Health Incentives Work

[5/10/16] American Academy of Actuaries Issue Brief: “Drivers of 2017 Health Insurance Premium Changes

[5/10/16] NCHS Data Brief: “State Variation in Health Care Service Utilization: United States, 2014

[5/10/16] Health Care Cost Institute: National Chartbook of Health Care Prices--2015

[5/10/16] Sibson Consulting Update: “Medicare Part D Amounts Will Increase in 2017

[5/10/16] Lockton Benefits Insight & Guidance: “Health Reimbursement Arrangements: Death by a Thousand Cuts

[5/10/16] PlanSponsor: “2016 Participant Survey

[5/10/16] Bloomberg BNA: “Financial Wellness Gains Traction as Employee Benefit

[5/10/16] T. Rowe Price: Financial Wellness Program Evaluator

[5/10/16] NAPA Net: “Retirement Readiness: Risks and Perceptions

[5/10/16] USA Today: “3 Social Security myths debunked

[5/9/16] PlanSponsor: “DB Funded Status Continues Struggle in 2016 -- Data from several providers indicate U.S. corporate pension plans’ funded status fell in April.

[5/9/16] Bloomberg: “Feinberg Rejects Central States’ Plan for Pension Cutbacks

[5/9/16] NAPA Net: “Absent ‘Fixes,’ CT State-Run Program Could Face Governor’s Veto

[5/9/16] 401(k) Specialist: “401(k) Advisors Fail at Financial Education

[5/9/16] Wharton School, University of Pennsylvania: “To Save Wisely for Retirement, Sometimes Less Choice Is Best

[5/9/16] U.S. News & World Report: “Fewer People Feel Satisfied in Retirement

[5/9/16] RAND Corporation: Private Health Insurance Exchanges: Early Evidence and Implications for the Future [Note: The Ebook can be downloaded for free.]

[5/9/16] QBE: Medical Stop Loss Captives: Issues & Answers

[5/9/16] Peterson-Kaiser Health System Tracker: “What are the current costs and outcomes related to mental health and substance abuse disorders?

[5/9/16] AOL.com: “Beyond Obamacare: Doctor groups push for single-payer health care plan

[5/6/16] Center for State & Local Government Excellence Issue Brief: “Are Counties Major Players in Public Pension Plans?

[5/6/16] 401(k) Specialist: “Why 401(k) Target Date Funds Continue to Dominate

[5/6/16] NAPA Net: “5 Keys to a Successful Web Platform

[5/6/16] PlanAdviser: “Advisers Hesitant to Recommend Guaranteed Income Options

[5/6/16] Investment Company Institute: 2016 Investment Company Fact Book: A Review of Trends and Activities in the U.S. Investment Company Industry

[5/6/16] Ascensus: “DOL Fiduciary Rule Applicable to HSA & Other Individual Savings Accounts

[5/6/16] Kaiser Family Foundation Data Note: “Fading Fast: Fewer Seniors Have Retiree Health Insurance

[5/6/16] Financial Advisor: “Changes in Employer-Provided Health-Care Benefits Affect Retirement Planning

[5/6/16] Milliman: “Telemedicine and the Long-Tail Problem in Healthcare

[5/6/16] Human Resource Executive Online: “Should Companies Loan Employees Money?

[5/5/16] U.S. Bureau of Labor Statistics: “Private employer costs for pay and benefits rose 1.8 percent from March 2015 to March 2016

[5/5/16] Bloomberg QuickTake: “Drug Prices: Costs and Outrage Rise in the U.S.

[5/5/16] WBUR’s CommonHealth: “Harvard Study: Shopping for Health Care Fails to Lower Costs

[5/5/16] Kaiser Family Foundation: “What to Look for in 2017 ACA Marketplace Premium Changes

[5/5/16] PlanSponsor: “Developing a Financial Wellness Program

[5/5/16] Internal Revenue Service: Additional Limitation on Suspension of Benefits Applicable to Certain Pension Plans Under the Multiemployer Pension Reform Act of 2014; Final regulations [as published in the Federal Register on May 5, 2016 - DATES: These regulations are effective on May 5, 2016. Applicability date: These regulations apply to suspensions for which the approval or denial is issued on or after April 26, 2016. In the case of a systemically important plan, the final regulations apply with respect to any modified suspension implemented on or after April 26, 2016.]

[5/5/16] Employee Benefit Adviser: “Views: What the DOL’s fiduciary rule doesn’t say

[5/5/16] PlanAdviser: “Former GAO Leader Calls for a Retirement Rethink

[5/4/16] Gallup: “Economic Turmoil Stirs Retirement Plans of Young, Old

[5/4/16] Four Seasons Financial Education: 2016 FSFE Employee Financial Wellness Survey [A National Survey of 554 Employees]

[5/4/16] NAPA Net: “The 7 Highly Effective Habits of Highly Effective 401(k) Plans

[5/4/16] Charles Schwab: “Retirement Spending: How Much Can You Afford?

[5/4/16] WUWM: “Wisconsin Retirees Brace for Possible Pension Cuts

[5/4/16] Congressional Research Service: Traditional and Roth Individual Retirement Accounts (IRAs): A Primer

[5/4/16] Journal of the American Medical Association: “Eligibility and Coverage Trends in Employer-Sponsored Insurance” [Infographic]

[5/4/16] Benefitfocus: “Benefitfocus Report Shows When Midsize Employers Offer High Deductible Health Plans, 34% of Employees Elect Them When Given the Choice

[5/4/16] Corporate Synergies®: “2 Ways to Maximize Value in a Self-Funded Medical Plan

[5/4/16] Bloomberg BNA: “CIGNA Can’t Avoid Providers’ Claims in Database Lawsuit

[5/3/16] Human Resource Executive Online: “Fixing the Mix -- EBRI research finds the number of workers reporting satisfaction with their health benefits dropping 10 percent between 2012 and 2015, while the number of those who would rather have fewer benefits and higher wages has gone up 10 percent in that time. How can HR restore the wage and benefits balance?

[5/3/16] Marsh Consulting Group: “Managing Prescription Drug Plan Costs: Pricing Tricks Employers Should Watch For

[5/3/16] The Commonwealth Fund: “Differing Impacts of Market Concentration on Affordable Care Act Marketplace Premiums

[5/3/16] Financial Advisor: “Are 401(k) Plans Created Equal? Mostly, Study Says

[5/3/16] PlanAdviser: “Blending the Benefits of Managed Accounts and TDFs

[5/3/16] NAPA Net: “Connecticut State-Run Retirement Program Ekes Out Senate Victory

[5/3/16] Calpensions: “Why bankrupt San Bernardino didn’t cut pensions

[5/3/16] Purchasing Power: An Employee Crisis: Financial Literacy

[5/2/16] U.S. Bureau of Labor Statistics: Employment Cost Index - March 2016 [News Release]

[5/2/16] Business Insurance: “401(k) plan balances move little in first quarter

[5/2/16] NAPA Net: “Contributions Carry Average 401(k) Higher in April

[5/2/16] PlanSponsor: “Employers Expanding Ways to Get Financial Education to Employees

[5/2/16] InsuranceNewsNet: “Are Target-Date Funds Missing the Mark?

[5/2/16] Gallup: “Most U.S. Retirees Living Well, but Nonretirees Unconvinced

[5/2/16] Money: “Why the Presidential Candidates Aren’t Talking About Retirement Issues

[5/2/16] Internal Revenue Service: Rev. Proc. 2016-28 [“This revenue procedure provides the 2017 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code.”]

[5/2/16] Kaiser Health News: “Premium Increases This Fall Could Inject Health Law Concerns Into Election Campaign

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What's new at EBRI this month:

EBRI 2016 Spring Policy Forum: "Employee Engagement in Health and Retirement Challenges and Reforms" [“gavel-to-gavel” webcast - Prerecorded broadcast available through the International Foundation of Employee Benefit Plans]

EBRI's Recent Media Coverage

“EBRI Now on Twitter” [EBRI Press Release, 2/6/09]

401(k) Balances and Changes Due to Market Volatility

Publications:

April 2016 EBRI Issue Brief - "401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2014"

April 2016 EBRI Notes - "Trends in Retirement Satisfaction in the United States: Fewer Having a Great Time"

April 2016 EBRI Notes - "What Moves the Retirement Readiness Needle: Quantification of Risk and Evaluation of New Proposals"

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What's new in employee benefits:


The following items have been added to the Government Accountability Office's Web site in Portable Document (PDF) format:

Reports
Retirement Security: Low Defined Contribution Savings May Pose Challenges.
GAO-16-408, May 5. Highlights.

Retirement Security: Shorter Life Expectancy Reduces Projected Lifetime Benefits for Lower Earners.
GAO-16-354, March 25. Highlights.

Retirement Security: Better Information on Income Replacement Rates Needed to Help Workers Plan for Retirement.
GAO-16-242, March 1. Highlights.

Testimony
Small Employer Health Tax Credit: Limited Use Continues Due to Multiple Reasons.
GAO-16-491T, March 22. Highlights.

 

If a title link above no longer works, click here for the GAO home page and search for the report by keyword or report number. Click here to browse by date, topic, or agency.   Searches for reports can also be conducted in the Government Accountability Office (GAO) Reports Online via GPO Access database.

If your computer does not already have the free Adobe Acrobat viewer software to read PDF files, click here for the one-time download necessary to read PDF publications.

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Updated 5/25/16