Benefits Mgmt
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Benefit compliance and vendors part 2
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Single sourcing, or using multiple vendors? Let’s take 401(k), where you might have Fidelity doing the recordkeeping and account administration (stock investments). This seems like the fox guarding the henhouse and goes back to the whole Spitzer conversation again. I…
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Benefit compliance and vendors
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I’ll be on a benefits kick today. I visited an organization that allows it’s broker access to the employee base in order to sell voluntary benefit plans. Due to their close relationship with the broker, they were adamant that the…
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HR Budget Funding
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Surprise surprise!! This article begins by stating that HR is often the last department to get funding for technology and process automation. However, this historical trend seems to be changing as HR becomes more strategic. The article does not really…
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Watson Wyatt weighs in on Bush’s Social Security plan
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In an unexpectedly objective move for an actuarial service, Watson Wyatt released oppositionary opinions on W’s private accounts for Socual Security, one for and one against. Unexpected for me because I figured actuaries would weigh in on my side of…
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Pensions vs. 401(k)?
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http://www.benefitnews.com/retire/detail.cfm?id=7267 With continuing problems around 401(k), are pensions really dead? Consumers are increasingly aware of problems investing for retirement income. Between employees not having any sophistication or investing savvy, employer HR organizations not wanting to provide investment advice (not that…