Erring on the high side when choosing a 401(k) savings default-contribution rate won’t likely discourage employees from participating in the plan, new research suggests. Plan sponsors’ experiences back up this finding. Setting default rates between 7 percent and 10 percent did not result in lower enrollment when compared to a 6 percent control rate.Tags: Benefits Compensation Equal Pay Pay
Janet L. Heins|Consultation, Defined Contribution Plans, Fiduciary Duty, News, Retirement and Financial Planning, Vendor Management, Benefits, Compensation, Equal Pay, Pay
As the Department of Labor probes Wells Fargo’s 401(k) rollover practices, plan sponsors should see that their service providers...
Janet L. Heins|News, Relationship Management, Wellness Benefits, Benefits, Compensation, Equal Pay, Pay
To provide their workers with healthy food, pioneering employers are sponsoring community-supported agriculture programs that allow employees to prepay...
Janet L. Heins|Benefits Communication, Communication, Family and Medical Leave, News, Benefits, Compensation, Equal Pay, Pay
The 2nd U.S. Circuit Court of Appeals dismissed Family and Medical Leave Act (FMLA) claims by a former employee...
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