It has been a while since a new employee benefit has made such a splash in such a short time. More and more employers are looking at adding a student loan repayment program to their employee benefits. Two very large employers, Fidelity and Pricewaterhouse Coopers are launching these programs this year, and many other smaller employers are also looking to add these plans to their benefit program. According to the Society for Human Resource Management, 3% of employers offered these plans in 2015.
The Boston Business Journal recently announced 23 finalists for its fifth-annual Healthiest Employers program, which will be held March 12 at the Westin Waterfront in Boston. Employee wellness has become an important facet of overall corporate culture, and should not … Continue reading
The Cadillac Tax has been Delayed Until 2020 – What is the Next Step for Employers? Congress passed and President Obama signed a $1.1 trillion spending bill on December 11, 2015. An important part of that legislation for the employer … Continue reading
The Internal Revenue Service (IRS) has released drafts of the forms that employers will use to report on the health coverage that they offer to their employees in 2015. This reporting is required as part of the Affordable Care Act … Continue reading
Many employers turn to a Professional Employer Organization (PEO) to purchase their group insurance benefits. The belief is that the buying power of many employers will be greater than that of a single employer. While there are some economies of … Continue reading
The general concept of a defined contribution health plan is that an employer gives each employee a fixed dollar amount (a “defined contribution”) that the employees can then choose how to spend towards benefits.