Employee Benefit Research Institute

This Week’s News From HRO Today - Older Labor Force is Aging and Diversifying.

https://www.hrotoday.com/news/ticker/older-labor-force-is-aging-and-diversifying/

Employee Benefit Research Institute HRO Today

Older Labor Force is Aging and Diversifying - HRO Today Workers ages 65 and older make up a larger portion of the age 55 and older workforce than they did in 2000, according to research from EBRI.

The Employee Benefit Research Institute welcomes the Securities Industry and Financial Markets Association (SIFMA) as a new Primary Member!

The SIFMA is the voice of the nation’s securities industry -- advocating for effective and efficient capital markets.

For more information about SIFMA, visit https://www.sifma.org.

Employee Benefit Research Institute SIFMA

Latest News From Advisor Magazine - Understanding The Financial Wellbeing Of The Asian American And Pacific Islander Community. These communities share the highest median income and ownership percentage of stocks and bonds.

https://www.lifehealth.com/understanding-the-financial-wellbeing-of-the-asian-american-and-pacific-islander-community/

Employee Benefit Research Institute

Understanding The Financial Wellbeing Of The Asian American And Pacific Islander Community « New research published today by the Employee Benefit Research Institute (EBRI) sheds light on the financial well-being of individuals in the Asian American and Pacific Islander (AAPI) community in the United States by looking at their income and ownership of different types of assets.

The Latest News From 401k Specialist - HSAs Have ‘Mixed Effects’ on Healthcare Service Usage. EBRI research analyzes how HSA and PPO participants compare in utilizing services.

https://401kspecialistmag.com/hsas-have-mixed-effects-on-healthcare-service-usage/

Employee Benefit Research Institute

HSAs Have 'Mixed Effects' on Healthcare Services Usage New research from EBRI analyzes how health savings account and PPO participants compare in utilizing healthcare services.

Upcoming Employee Benefit Research Institute webinar – 2024 Retirement Confidence Survey: Results and Insights Webinar - Tuesday, June 25, 2024, 2:30 – 3:30 PM E.T.

See link for event details and to register - https://members.ebri.org/events/EventDetails.aspx?id=1866767&group=

Employee Benefit Research Institute

The Latest EBRI Issue Brief – “New Financial Analysis Finds Asian American and Pacific Islander Community Have the Highest Median Income and Ownership Percentage of Stocks and Bonds.”

New research published today by the Employee Benefit Research Institute sheds light on the financial wellbeing of individuals in the Asian American and Pacific Islander (AAPI) community in the United States by looking at their income and ownership of different types of assets. The research report, “Understanding the Financial Wellbeing of the Asian American and Pacific Islander Community,” examined income and asset ownership of the AAPI community by different factors such as work arrangement, English proficiency, U.S. nativity status and metropolitan status. The findings showed that ownership and income compare favorably to individuals of other races and in many cases exceed those of the other racial groups.

See link to press release and read about research report key findings – https://www.ebri.org/media/press-releases/content/new-financial-analysis-finds-asian-american-and-pacific-islander-community-have-the-highest-median-income-and-ownership-percentage-of-stocks-and-bonds

Employee Benefit Research Institute

Pictured at today’s 2024 PLANSPONSOR National Conference in Chicago after their panel discussion regarding “The Benefits Spend: Costs and Decisions,” are (l to ) Joseph Topp from Investment Consulting Services, Francis LLC, Bridget Bearden from EBRI, Shaun McCloskey from T. Rowe Price and Chuck Williams from Finspire.

To see more information about the three days conference, visit https://www.plansponsor.com/events/2024psnc/

Employee Benefit Research Institute T. Rowe Price PLANSPONSOR

Did you know Health Savings Accounts (HSA) can be invested like 401(k)s and IRAs?

You actually can begin your retirement years with a substantial HSA balance according to the latest Inspira Financial report in conjunction with the Employee Benefit Research Institute.

The report, "Using an HSA to save for health care in retirement," quantifies the savings accumulation, tax advantage and interest growth potential of HSAs. For employers - read more about how effective HSAs can also be in helping employees save for critical medical expenses in retirement.

See link to download and view latest report -- https://cloud.benefits.inspirafinancial.com/hsa-retirement-vehicle-whitepaper-lp

Employee Benefit Research Institute Inspira Financial

The Employee Benefit Research Institute welcomes the Groom Law Group as a new Supporting Member.

Groom is the nation’s preeminent benefits, retirement and health care law firm. It has built success over decades of solving complex ERISA/employee benefits challenges in the public and private sectors, providing innovative legal solutions, value and true partnership to clients every step of the way.

For more information, visit https://www.groom.com

Employee Benefit Research Institute

Groom Law Group | Employee Benefits, Health and Retirement UnparalleledExperts in benefits, retirement and health care DedicatedCollaborators based in one location to generate maximum value for clients LeadingAdvocates for clients with a stake in federal legislation or regulatory guidance ExperiencedLitigators drawing on expertise in benefits, retirement, a...

From McKnight’s Senior Living Business News Daily - American labor force growing older, more diverse: report. The American labor force has more workers aged 55 or more years than ever before, according to an issue brief released this month from the Employee Benefit Research Institute.

https://www.mcknightsseniorliving.com/news/american-labor-force-growing-older-more-diverse-report/

Employee Benefit Research Institute McKnight's Senior Living

American labor force growing older, more diverse: report The American labor force has more workers aged 55 and older than ever before, according to an issue brief released this month from the Employee Benefit Research Institute.

Today’s News From Yahoo Finance and The Motley Fool - The Social Security COLA Forecast for 2025 Was Just Updated. Here's the Good News and Bad News for Retirees.

https://finance.yahoo.com/news/social-security-cola-forecast-2025-073600518.html

Employee Benefit Research Institute Yahoo Finance The Motley Fool

The Social Security COLA Forecast for 2025 Was Just Updated. Here's the Good News and Bad News for Retirees The Senior Citizens League has revised its forecast upward several times already this year.

The Employee Benefit Research Institute held today at the Rayburn Building in Washington, D.C. an “Employee Benefits” briefing as part of its “Lunch and Learn Series” for U.S. Senate and U.S. House of Representatives members and staffers. Today’s briefing focused on “ERISA – The Foundation of Employer Sponsored Benefits.” The discussion focused on ERISA’s purpose and framework, protections for workers and retirees, its role in today’s health and retirement policy debase and how ERISA and the tax code intersect.

Employee Benefit Research Institute

New Research Finds That Individuals Ages 55 or Older in the American Labor Force are Increasingly Becoming Older and More Diverse. Labor Force Participation Rates of Those Ages 55-64 Have Surpassed Their Pre-Pandemic Levels, While Those Ages 65 or Older Have Not Reached These Levels.

See link to view research Issue Brief summary - https://www.ebri.org/publications/research-publications/issue-briefs/content/summary/trends-in-labor-force-participation-and-employment-of-americans-ages-55-or-older

Employee Benefit Research Institute

Today Featured Story From Insurance News Net - The 55+ labor force becoming increasingly diverse. A new research report, published today by the Employee Benefit Research Institute (EBRI), finds that among working Americans ages 55 or older, the labor force is aging.

https://insurancenewsnet.com/oarticle/the-55-labor-force-becoming-increasingly-diverse

Employee Benefit Research Institute

The 55+ labor force becoming increasingly diverse A new research report, published today by the Employee Benefit Research Institute, finds that among working Americans ages 55 or older, the labor force is aging.

“Retirement Realities” Practice Management Newsletter Discussion From The American Society of Pension Professionals & Actuaries. “Are you confident about your retirement finances? Apparently, and despite responses that undermine a rational level of confidence, many are.”

See link - https://www.asppa.org/news/retirement-realities

Employee Benefit Research Institute

Retirement Realities Are you confident about your retirement finances? Apparently, and despite responses that undermine a rational level of confidence, many are. Recently, the Employee Benefit Research Institute (EBRI) and Greenwald Research unveiled their 34th annual Retirement Confidence Survey (RCS). Now, I’ve comm...

This Week’s News From Financial Planning Magazine – How to avoid the pitfalls of HSAs. Health savings accounts are growing rapidly as employees tap into the vaunted “triple tax free” advantages, but those benefits come with some caution for financial advisors and their clients.

See link - https://feeonlynews.com/financial-planning/how-to-avoid-the-pitfalls-of-hsas/

Employee Benefit Research Institute Financial Planning

How to avoid the pitfalls of HSAs - FeeOnlyNews.com Health savings accounts are growing rapidly as employees tap into the vaunted “triple tax free” advantages, but those benefits come with some caution for financial advisors and their clients. Pretax contributions, untaxed investment earnings and penalty-free withdrawals for qualified medical exp...

This Week’s EBRI Fast Fact — Network of Health Care Providers Is the Most Important Aspect of Plan Choice.

The Employee Benefit Research Institute and Greenwald Research “Consumer Engagement in Health Care Survey” found that certain aspects of health plans are more important. Those factors include the network of health care providers, low out-of-pocket costs, low premiums, prescription drug coverage, simple to understand, and specific coverage included in the plan. This Fast Fact provides a brief analysis of this evaluation of health plan choice.

See link to view Fast Fact - https://www.ebri.org/docs/default-source/fast-facts-(public)/ff-504-cehcsplanchoice-23may24.pdf?sfvrsn=67a8072f_1

Employee Benefit Research Institute

Video replay of the Employee Benefit Research Institute & American Benefits Council 2024 Spring Policy Forum is now available for review by visiting - https://www.youtube.com/watch?v=EGfH_hECOnI

Employee Benefit Research Institute

Welcome Keshob Sharma to EBRI!

Keshob Sharma is a new Research Associate with the Employment Research Benefits Research Institute. Prior to joining EBRI, he was a Steven M. Teutsch Prevention Effectiveness Fellow at the Centers for Disease Control and Prevention (CDC). While at CDC, he conducted research on topics including long-acting reversible contraception and the impact of Medicaid reimbursement policies on contraception usage. Keshob received his Ph.D. in Economics from the University of Georgia.

Employee Benefit Research Institute University of Georgia

News From PlanAdviser - Expanding Retirement Plan Automation. Experts at EBRI discussed how automation features for emergency savings and other vehicles can help underserved communities save for retirement.

https://www.planadviser.com/expanding-retirement-plan-automation/

Employee Benefit Research Institute PLANADVISER Fidelity Investments Paychex

Expanding Retirement Plan Automation | PLANADVISER Experts at EBRI discussed how automation features for emergency savings and other vehicles can help underserved communities save for retirement.

Today’s In-Depth Feature in The New York Times and Yahoo Finance - FSA vs. HSA: What to Know About the Accounts That Pay Medical Costs. Two types of accounts can help you pay for medical costs and have tax benefits, but both also have possible downsides, two recently published reports found.

See link - https://www.yahoo.com/news/fsa-vs-hsa-know-accounts-141120812.html

Employee Benefit Research Institute The New York Times Yahoo Finance

FSA vs. HSA: What to Know About the Accounts That Pay Medical Costs Two types of accounts can help you pay for medical costs and have tax benefits, but both also have possible downsides, two recently published reports found. The two are flexible spending accounts and health savings accounts — better known as FSAs and HSAs. They’re related, though they have some ...

Be sure to register today for Thursday’s Employee Benefit Research Institute’s 2024 Spring Policy Forum.

Your complimentary registration will allow you to attend online to view one of several expert panel discussions – including a Fireside Chat with Doug Holtz-Eakin, President, American Action Forum, regarding “How Slow Erosion of ERISA Preemption at the State Level is the Greatest Threat to Employment-based Health Benefits.” This chat will be moderated by Paul Fronstin from EBRI.

See event link for agenda and to register - https://www.ebri.org/publications/forums

Employee Benefit Research Institute American Action Forum

The Latest News From Think Advisor - IRS Releases 2025 Contribution Limits for HSAs. The Internal Revenue Service has released inflation-adjusted 2025 contribution limits for health savings accounts, or HSAs, and the maximum amount that may be made newly available for excepted benefit health reimbursement arrangements, or HRAs.

https://www.thinkadvisor.com/2024/05/09/irs-releases-new-2025-inflation-adjustments-for-hsas/

Employee Benefit Research Institute Think Advisor IRS

IRS Releases 2025 Contribution Limits for HSAs | ThinkAdvisor The agency has adjusted HSA and HRA limits for inflation.

Today’s Business Insider Headline - Many Americans have no idea how much they need to save for retirement — and the calculus is getting even more complicated. What's your magic number for retirement? Many Americans don't know, and it's getting even harder to calculate — especially as Social Security is poised to start reducing benefits in just about a decade.

https://www.businessinsider.com/retirement-savings-social-security-magic-number-how-much-money-need-2024-5

Employee Benefit Research Institute Business Insider AARP

Many Americans have no idea how much they need to save for retirement — and the calculus is getting even more complicated Knowing how much to save for retirement is already a gamble. Inflation and the uncertainty of Social Security are making it even harder to calculate.

Be sure to listen to the latest edition of the PGIM podcast, “The Outthinking Investor”.

Millions of college students across the US graduate each spring and enter the workforce. When today’s retirees entered the workforce in the early 1980s, pension plans and Social Security benefits were two of the main sources of retirement income. Just a couple decades later, defined benefit (DB) plans were overtaken by defined contribution (DC) plans such as 401(k)s, and an aging population was slowly depleting the Social Security Trust Fund. This was a massive shift in a relatively short period of time, and it forever changed one of the most important and challenging aspects of personal finance.

Workers are facing another pivotal moment in retirement saving, especially as higher interest rates change the investment landscape. Can pensions make a comeback in a world of higher interest rates? What’s increasingly clear is that employer-based plans will play a crucial role in helping people financially prepare for retirement. This episode of The Outthinking Investor brings together fresh perspectives on the future of DC and DB plans in a higher-rate environment, expanding investment options in retirement plans, retirement challenges arising from an aging workforce and growing debt, and more. Show guests are Barb Marder, CEO of the Employee Benefit Research Institute (EBRI); Brooke Masters, US financial editor of the Financial Times; and Josh Cohen, Head of Client Solutions for PGIM DC Solutions.

Click link to listen - https://www.pgim.com/podcast/s4-ep5-pension-comeback-future-retirement-higher-longer-regime

Employee Benefit Research Institute Financial Times

S.4 Ep.5: A Pension Comeback? The Future of Retirement in A Higher-For-Longer Regime Investors and plan sponsors need a long-term lens to meet retirement goals in a new investment landscape. Discover solutions to today’s retirement challenges.

The Latest MoneyWise Column From Yahoo Finance - More workers say they expect to retire at 65, but research shows they may be too overly optimistic.

https://finance.yahoo.com/news/more-workers-expect-retire-65-103300257.html

Employee Benefit Research Institute Yahoo Finance Yahoo

More workers say they expect to retire at 65, but research shows they may be too overly optimistic Experts point to “rampant ageism” keeping older Americans out of the workplace.

Today News From FedWeek - A Fund to Prevent Emergency Withdrawals from Your TSP. You should have money set aside for emergencies, even if your main goal is funding your retirement.

https://www.fedweek.com/tsp/a-fund-to-prevent-emergency-withdrawals-from-your-tsp/

Employee Benefit Research Institute FEDweek Federal Deposit Insurance Corporation

A Fund to Prevent Emergency Withdrawals from Your TSP You should have money set aside for emergencies, even if your main goal is funding your retirement. Having a readily available emergency fund can keep you

This Week’s Health Care Issue Brief — Vital Statistics on Flexible Spending Accounts, 2022: Forfeitures on the Rise.

Flexible spending accounts (FSAs) are a useful way for workers to allocate and stretch health care spending dollars further than they otherwise could. Contributions to FSAs are made on a pretax basis, and distributions are tax-free as well, as long as distributions are spent on qualified medical expenses. However, there is little empirical evidence examining how workers use FSAs. To shed light on this well-known but under-researched segment of the benefits landscape, this Issue Brief provides an updated analysis about the EBRI FSA Database and reports on some important new trends.

This Week’s Wealth Benefits Research Report — 401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2022.

Over the past four decades, 401(k) plans have become the most widespread private-sector employer-sponsored retirement plan in the United States. This week’s wealth benefits report is an update of ongoing research into 401(k) plan participants’ activity through year-end 2022. The report is divided into three sections: the first presents a snapshot of participant account balances; the second looks at participants’ asset allocations, including analysis of 401(k) participants’ use of target date, or lifecycle, funds; and the third focuses on participants’ 401(k) loan activity.

Click the link below to continue reading the latest edition of EBRI Insights:
https://members.ebri.org/page/EBRInsights292

Sign-up to receive the weekly EBRI Insights e-newsletter directly via email:
https://members.ebri.org/page/ebrinsights

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EBRI On The Road – On Tuesday, May 7, 2024 at 2 p.m., EBRI’s Bridget Beard will be participating on the Definiti Academy's educational webinar about "The Benefit Programs Employees Want."

See link to view the 2-day webinar agenda and to sign-up - https://definiti.com/definiti_academy/

Employee Benefit Research Institute

Definiti Academy - Definiti SPRING SEMESTER | MAY 7 & 8 @ 2 PM ET Definiti Academy The Definiti Academy is an educational webinar series designed to make plan sponsors more confident in managing their plans and help financial advisors grow their book of