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2023 HSA Limits Announced
The IRS has announced the 2023 contribution limits for health savings accounts (HSAs). The 2023 limits increased significantly for the first time in a while. The annual contribution limit for single coverage will increase from $3,650 to $3,850 and the limit for family coverage increases from $7,300 to $7,300 for 2023. The out-of-pocket limit for... Read More >>
QOTW: Vesting
Plan sponsors are evaluating many plan features in trying to ensure their retirement plan is competitive in a tight labor market. We recently asked them if the plan’s vesting schedule for company contributions is something they are re-evaluating to make the plan more attractive to new hires. One-in-ten sponsors stated they are taking a look at the... Read More >>
Help Your Participants Take Their HSA to the Next Level
It’s clear that participants want to do more with their HSA than just save or spend. Investing is a powerful option that can potentially help them take huge strides toward retirement readiness, and HSA investment assets have more than doubled over the last two years alone. They’re now estimated at over $34 billion nationwide, accounting for a... Read More >>
Rising 'Tied': Rise and Shine Yoga
Get your day off to a great start with a healthy dose of energy. Whether you are brand new to yoga or an advanced practitioner this class at the 75th PSCA National Conference will gently guide you to move with your breath to open the body and relax the mind. You’ll experience breath work to energize, moving meditations to connect your body and... Read More >>
QOTW: PEPs
This week we asked plan sponsors if their organization is moving or considering moving to a Pooled Employer Platform (PEP) as allowed in the SECURE Act. More than 90 percent of respondents indicated that they are not currently considering it and are not interested. No respondents indicated they are moving to a PEP and only three percent are... Read More >>
PSCA Announces Winners of 2022 Lifetime Achievement Awards
Nancy Gerrie and Robert C. Merton will each be awarded the Plan Sponsor Council of America’s 2022 Lifetime Achievement Award at its National Conference on April 28, 2022, in Phoenix, AZ. Winners of PSCA’s Lifetime Achievement Award are nominated by PSCA members and then voted on by the PSCA leadership committee. Previous award recipients include... Read More >>
'Entry' Points: Engaging Savings Strategies for Entry-level Workers
Whether you’re motivated by enhancing the appreciation of your retirement savings programs, focused on retention, or struggling to recruit, it’s important to engage and encourage good savings behaviors of your front-line and early career workers. In this unique and engaging keynote session at the 75th PSCA National Conference you’ll hear some new... Read More >>
QOTW: Retirement Income Priorities
Retirement income is discussed, incessantly it seems, in the industry, though data continues to show little uptake of retirement income products by plan sponsors. This week we asked plan sponsors what they think their plan participants’ top priority is regarding retirement income. Nearly 60 percent indicated that employees worry most about... Read More >>
Working “Out?”: Benefit Builders for the New World of Work
The pandemic has forever changed the way we work – and think about work. What are – and should – you be doing to reposition your programs? At the 75th PSCA National Conference you’ll hear the latest insights from our panel of exceptional HR leaders including: Expectations from their benefits leaders for innovative benefits programs ... Read More >>
QOTW: Cryptocurrency
Last week the Labor Department issued a “Compliance Assistance Release” regarding the inclusion of cryptocurrency in 401(k) plans – basically reminding plan fiduciaries that they should exercise “extreme caution” before including it as a direct investment option. This week we asked plan sponsors if this DOL release changed anything in terms of... Read More >>