What's New - August 2013



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[8/30/13] MarketWatch: “Retirement plans rebound, post-recession

[8/30/13] PIMCO DC Dialogue: “Perfect DC Plan?” [“In this PIMCO DC Dialogue, we talk with Mark Wetzel and Ryan Gardner, Fiduciary Investment Advisors, about the not-for-profit defined contribution marketplace.”]

[8/30/13] BenefitsPro: “Freedom from choice?” by Nevin Adams [regarding the use of target-date funds in building retirement savings]

[8/30/13] The Los Angeles Times: “Workers facing the thorny problems of healthcare and retirement

[8/30/13] U.S. Census Bureau: “Census Bureau Releases Health Insurance Coverage Estimates for All Counties” [News Release]

[8/30/13] Internal Revenue Service: Shared Responsibility Payment for Not Maintaining Minimum Essential Coverage; Final regulations [as published in the Federal Register on August 30, 2013]

[8/30/13] Plan Sponsor: “Employers Need to Communicate Upcoming PPACA Changes

[8/30/13] Internal Revenue Service: “Answers to Frequently Asked Questions for Individuals of the Same Sex Who Are Married Under State Law

[8/29/13] Financial Advisor Magazine: “Retirement Plan Participation Rates Up, Contribution Rates Down

[8/29/13] San Francisco Chronicle: “Time might be right for mandatory savings accounts

[8/29/13] National Business Group on Health: “Large U.S. Employers Project a 7% Increase in Health Care Benefit Costs in 2014, National Business Group on Health Survey Finds

[8/29/13] The Washington Post: “As rates soar, small business owners pass along more health care costs to employees

[8/29/13] BenefitsPro: “CDHP satisfaction rises -- But traditional plan popularity slips

[8/29/13] Kaiser Health News: “FAQ: Grandfathered Health Plans

[8/29/13] The ERISA Industry Committee: Findings from Survey of Large Employers on Same-Sex Benefits Coverage

[8/29/13] Employee Benefit News: “Wal-Mart offers same-sex benefits as corporate bellwether

[8/28/13] Fidelity Investments: “Fidelity® Reports Second Quarter 401(k) Analysis; Reveals How Saving Just One Percent More Now in 401(k), IRA Can Boost Retirement Income

[8/28/13] BenefitsPro: “More employers offering retirement plans

[8/28/13] LifeHealthPro: “Obama budget proposal would hit retirement savers

[8/28/13] Center for Retirement Research at Boston College: How Has the Financial Crisis Affected the Consumption of Retirees?

[8/28/13] Plan Sponsor: “How Adult Caregiving Can Impact Retirement

[8/28/13] Kaiser Family Foundation: Kaiser Health Tracking Poll: August 2013

[8/28/13] mHealthNews [Blog]: “Consumers ‘get’ mHealth, but do providers care?

[8/28/13] U.S. Department of the Treasury: Fact Sheet: Individual Shared Responsibility for Health Insurance Coverage and Minimum Essential Coverage Final Rules

[8/27/13] Plan Sponsor: “IRS Explains Automatic Contribution Increase Options

[8/27/13] BenefitsPro: “Higher rates to have big impact on proposed cap

[8/27/13] Center for Retirement Research at Boston College [Blog]: “More Carrying Debt into Retirement

[8/27/13] Barron’s: “Boomers Making Bigger IRA Withdraws for Everyday Expenses

[8/27/13] Society for Human Resource Management: “FAQs about Grandfathered Health Plans for 2014

[8/27/13] Internal Revenue Service: Tax Credit for Employee Health Insurance Expenses of Small Employers; Notice of proposed rulemaking [as published in the Federal Register on August 26, 2013]

[8/23/13] Plan Sponsor:

[8/23/13] Employee Benefit News: “More on the Oct. 1 ACA notices: Who has to provide them

[8/23/13] New Republic: “Why UPS Spouses Shouldn’t Be (Too) Mad at Obamacare

[8/23/13] MetLife (via BenefitsPro): “Filling in the Gaps: Addressing Employee Health Care Concerns

[8/23/13] U.S. Census Bureau: Annual Survey of Public Pensions: State- and Locally-Administered Defined Benefit Data Summary Report: 2011

[8/23/13] Center for American Progress: American Retirement Savings Could Be Much Better

[8/22/13] Towers Watson: “Health Care Reform Heightens Employers’ Strategic Plans for Health Care Benefits” [Press Release]

[8/22/13] Bloomberg Businessweek: “UPS Sheds Benefits for Spouses in Harbinger for U.S. Workers

[8/22/13] Fox Business: “First Obamacare Open Enrollment Promises Incentives, Costs

[8/22/13] Workforce.com: “Medical Mythbusters Crack Back on Health Care Costs

[8/22/13] J.P. Morgan Asset Management: 2013 Defined Contribution Plan Sponsor Survey Findings [Note: The report can be downloaded at the website.]

[8/22/13] Plan Sponsor: “Think Tank Proposes New Retirement Plan

[8/22/13] U.S. News & World Report: “3 Reasons to Delay Retirement

[8/22/13] National Academy of Social Insurance: Workers’ Compensation: Benefits, Coverage, and Costs, 2011

[8/21/13] Kaiser Family Foundation: 2013 Employer Health Benefits Survey

[8/21/13] The Washington Post: “Survey: 2013 employer-sponsored health insurance costs rise modestly but outpace wage gains

[8/21/13] The Commonwealth Fund: Covering Young Adults Under the Affordable Care Act: The Importance of Outreach and Medicaid Expansion -- Findings from the Commonwealth Fund Health Insurance Tracking Survey of Young Adults, 2013

[8/21/13] Internal Revenue Service: Retirement News for Employers [August 20, 2013 Edition]

[8/21/13] Plan Sponsor:

[8/21/13] U.S. News & World Report: “Target-Date Fund Returns Sliced by Bond Buzzsaw

[8/19/13] Plan Sponsor: “Strategic Communication Essential During Open Enrollment

[8/19/13] Internal Revenue Service: Affordable Care Act (ACA) Tax Provisions [a new website to educate individuals, families, employers, and other organizations on how the health care law may affect them]

[8/19/13] Journal of Accountancy: “Final rules issued on IRS disclosure of tax return information under health care law

[8/19/13] BusinessUSA: An official website of the U.S. government providing employers of all sizes educational material on the health care reform law, explaining how key provisions of the Patient Protection and Affordable Care Act will work and affect employers

[8/19/13] The Los Angeles Times: “Is your healthcare considered preventive?

[8/19/13] Defined Contribution Institutional Investment Association: Institutionalizing DC Plans: A Starting Point for Addressing Fiduciary Issues

[8/19/13] Morningstar Investment Management: Employer Stock Ownership in 401(k) Plans and Subsequent Company Stock Performance

[8/19/13] Institute for Women’s Policy Research: The Importance of Social Security in the Incomes of Older Americans: Differences by Gender, Age, Race/Ethnicity, and Marital Status [Note: The report may be downloaded at the website.]

[8/16/13] Charles Schwab:

[8/16/13] The Fiscal Times: “Workers: Why Workers Are Botching Their Biggest Investment

[8/16/13] Plan Sponsor: “Early Retirement Forced on Some

[8/16/13] Pyramis Global Advisors: Moving Forward Despite Uncertainty: Pyramis U.S. Taft-Hartley (Union) DB Pulse Poll Results

[8/16/13] NBC News: “Businesses claim Obamacare has forced them to cut employee hours

[8/16/13] Urban Institute: Cross-Cutting Issues: Moving to High-Quality, Adequate Coverage: State Implementation of New Essential Health Benefits Requirements

[8/15/13] PricewaterhouseCoopers: Pension/OPEB 2013 Assumption and Disclosure Survey

[8/15/13] Plan Sponsor: “Employers Identify Costs from PPACA

[8/15/13] Center on Budget and Policy Priorities: “Clearing Up Confusion About Health Reform’s Out-of-Pocket Protections

[8/15/13] Aon Hewitt: “Aon Hewitt Report Shows Women Lag Behind Men in Saving for Retirement” [News Release]

[8/15/13] Economic Policy Institute: “Social Security Is the Only Reason Most Americans Can Afford to Retire

[8/15/13] Social Security Administration: Social Security Programs Throughout the World: Africa, 2013

[8/14/13] Society for Human Resource Management: “Employers Reassess Retiree Health Strategy

[8/14/13] ABC News: “Obamacare Cap on Some Health Costs Delayed

[8/14/13] Kaiser Family Foundation Issue Brief: “Quantifying Tax Credits for People Now Buying Insurance on Their Own

[8/14/13] Deseret News: “The best industries for a secure retirement

[8/14/13] Millionaire Corner: “Men vs. Women: Where to Retire?

[8/14/13] National Academy of Social Insurance: “Social Security: Americans Agree” [a video highlighting findings from a survey]

[8/13/13] Sibson Consulting: Report of Results from Sibson’s First Annual College and University Benefits Study

[8/13/13] BenefitsPro: “Lump-sum beats annuity by a mile, EBRI finds

[8/13/13] USA Today: “Retirement Living: Borrow from your 401(k)?

[8/13/13] Plan Sponsor: “Survey Reveals Need for Investment Knowledge

[8/13/13] RAND Corporation: Delaying the Employer Mandate: Small Change in the Short Term, Big Cost in the Long Run

[8/13/13] The National Center for Employee Ownership: The Employee Ownership 100: America’s Largest Majority Employee-Owned Companies

[8/9/13] Sibson Consulting’s Capital Checkup:

[8/9/13] HealthCare.gov: “Get Answers to your SHOP and Small Business Questions

[8/9/13] U.S. News & World Report: “The Tax Break You’re Missing Out On

[8/9/13] Plan Sponsor: “Sponsors See Many Employees Delaying Retirement

[8/9/13] Reuters: “Stern Advice-How much monthly income will that 401(k) get you?

[8/9/13] BenefitsPro: “Premature Conclusions,” by Nevin Adams [re impact of retirement plan ‘leakage’ on retirement readiness]

[8/8/13] Devenir: “Health Savings Accounts Reach $18.1 Billion in June” [News Release]

[8/8/13] Brookings: “Health Insurance Exchanges and the Affordable Care Act: What to Expect on October 1

[8/8/13] Council for Disability Awareness: The 2013 Council for Disability Awareness Long-Term Disability Claims Review

[8/8/13] Southern Daily Press: “Low Interest Rates a Bane for Gen X-ers and Baby Boomers Alike

[8/8/13] State Street Center for Applied Research: The Influential Investor: How Investor Behavior Is Redefining Performance

[8/8/13] U.S. Bureau of Labor Statistics BLS Reports: “Consumer Expenditures in 2011

[8/7/13] Mercer: “Employer Plans Evolve with Health Care Reform Deadlines, Changes

[8/7/13] Aon Hewitt: “Aon Hewitt Survey Shows Growing Number of Companies Favoring Individual Market-Based Strategies for Post-65 Retirees” [News Release]

[8/7/13] Transamerica Center for Retirement Studies: Repairing the Damaged Nest Egg: How to Improve the Retirement Outlook of the Unemployed & Underemployed -- The 14th Annual Transamerica Retirement Survey

[8/7/13] Time: “Retirement Income: Here’s a New Tool You Might Actually Use

[8/7/13] Milliman 100 Pension Funding Index: “Milliman analysis: Corporate pension funded ratio approaches 90% in July due to robust investment performance

[8/7/13] Social Security Administration: Fast Facts & Figures About Social Security, 2013

[8/6/13] Towers Watson: Voluntary Benefits and Services Survey: A Fresh Look at Enriching Core Benefit Plans

[8/6/13] U.S. Bureau of Labor Statistics: “Beyond the numbers: Paid leave in private industry over the past 20 years

[8/6/13] Fox Business: “How to Refocus Your Retirement with a Rollover

[8/6/13] New York Life Retirement Plan Services: State of the Retirement Industry [Spring 2013]

[8/6/13] Kaiser Health News: “State Premium Watch: Pricing in the New Insurance Marketplaces

[8/6/13] PolitiFact: “Marco Rubio says patients won’t be able to keep their doctors under Obamacare

[8/2/13] U.S. Census Bureau: 2012 Survey of Public Pensions: State-Administered Defined Benefit Data

[8/2/13] Investment Company Institute: Defined Contribution Plan Participants’ Activities, First Quarter 2013

[8/2/13] ING Retirement Research Institute: Retirement in Review: A Look at 2012 Defined Contribution Participant Experience

[8/2/13] Plan Sponsor:

[8/2/13] ADP Research Institute: The Role of Employer Benefits in Building a Competitive Workforce

[8/2/13] Employee Benefit News: “NAHU: Employer mandate delay ‘necessary’ despite $12 billion cost

[8/1/13]  U.S. Bureau of Labor Statistics:  “Percent distribution, number of days of paid vacation, by length of service, private industry workers in paid vacation plans, 2012

[8/1/13]  Ascensus:  “Senator Hatch’s SAFE Act Contains Many IRA and Employer Plan Changes

[8/1/13]  The Wall Street Journal:  “How Long Will Your Retirement Savings Last?

[8/1/13]  National Association of Government Defined Contribution Administrators: Retirement Income Strategies or Retirement Savings Plans Are Not Just About Saving Anymore [White Paper]

[8/1/13]  Human Resource Executive Online:  “Savings in Motion

[8/1/13]  Kaiser Family Foundation:  “State and Local Coverage Changes Under Full Implementation of the Affordable Care Act

[8/1/13]  Prudential: Critical Illness Protection: On the Road to Financial Wellness

[8/1/13]  Congressional Budget Office:  “Analysis of the Administration’s Announced Delay of Certain Requirements under the Affordable Care Act


What's new at EBRI this month:

EBRI 2013 Spring Policy Forum: “Decisions, Decisions: Choices That Affect Retirement Income Adequacy” [“gavel to gavel” webcast - Prerecorded broadcast available through the International Foundation of Employee Benefit Plans]

EBRI 2012 Fall Policy Forum:  “’Post’ Script: What’s Next for Employment-Based Health Benefits” [“gavel to gavel” webcast - Prerecorded broadcast available through the International Foundation of Employee Benefit Plans]

EBRI 2012 Spring Policy Forum:  “’After’ Math: The Impact and Influence of Incentives on Benefit Policy” [“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


August 2013 EBRI Issue Brief - "The Impact of a Retirement Savings Account Cap"

August 2013 EBRI Notes - "Retirement Plan Participation: Survey of Income and Program Participation (SIPP) Data, 2012" and "Satisfaction With Health Coverage and Care: Findings from the 2012 EBRI/MGA Consumer Engagement in Health Care Survey"


What's new in employee benefits:

  • HR News Online -- a daily update from the Society for Human Resource Management

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

Private Health Insurance: The Range of Base Premiums in the Individual Market by State in January 2013. GAO-13-712R, July 23.

Patient Protection and Affordable Care Act: Status of Federal and State Efforts to Establish Health Insurance Exchanges for Small Businesses. GAO-13-614, June 19. Highlights.

Patient Protection and Affordable Care Act: Status of CMS Efforts to Establish Federally Facilitated Health Insurance Exchanges. GAO-13-601, June 19. Highlights.

Retirement Security: Challenges and Prospects for Employees of Small Businesses, by Charles A. Jeszeck, director, education, workforce, and income security, before the Senate Committee on Health, Education, Labor, and Pensions. GAO-13-748T, July 16. 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.

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Updated 8/30/13