An increasing number of U.S. employers are planning to add Roth options to their 401(k), 403(b) or other defined contribution plans in 2013, a January 2013 survey by consultancy Aon Hewitt reveals.
After U.S. employers have taken care of the new health care benefit cost-reporting requirement for 2012 W-2s (due to employees in January 2013), their attention should turn to an upcoming deadline to notify employees about the availability of state health insurance exchanges.
The percentage of U.S. workers in private-sector self-insured health plans has been increasing. In 2011, 58.5% of workers with employer-provided health coverage were in self-insured plans, up from 40.9% in 1998, according to a November 2012 report by the not-for-profit Employee Benefit Research Institute (EBRI).
When HR Magazine asked readers how to thank employees with holiday festivities, human resource professionals responded with plenty of good ideas. One theme emerged, however: Make sure everyone feels included.
The average balance in 401(k) accounts managed by Fidelity Investments reached $75,900 at the end of the third quarter 2012, the highest it has been since the company began tracking account data more than 12 years ago.
The ending balance represents an 18% increase over one year prior when it was $64,300, according to Fidelity’s analysis of its 12 million 401(k) accounts in more than 20,200 corporate defined contribution plans.
The analysis showed the following: