INSURICA Employee Benefits Insights

Keeping you ahead of the risks and challenges unique to your industry.

February 2023

IN THIS ISSUE

Data from the Bureau of Labor and Statistics shows that while 68% of employers offered access to the private retirement industry this year, only 51% of employees took advantage of this opportunity. Once the SECURE Act 2.0 passes, this figure will likely increase.

How to Help Employees Accelerate Retirement Savings

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FEATURED ARTICLE
Close up happy young african american businesswoman using laptop with laughing female mentor in coworking boardroom at meeting. Smiling diverse woman managers talking about employee benefits options

Top 5 Benefits Concerns of Employers in 2023

As HR teams re-evaluate their offerings in the coming year, they are focused on providing the best employee benefits in the most efficient ways. To help teams make informed decisions, one benefits firm, Nava Benefits, collected information about choices made by HR teams from over 600 vendors across 28 benefit categories.

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FEATURED ARTICLE
Relaxed group of senior American friends sailing towards horizon on luxury yacht enjoying freedom outdoors in retirement.

How to Help Employees Accelerate Retirement Savings

With retirement just around the corner for many, employees are increasingly concerned about their retirement savings for several reasons, including recent economic events, personal financial issues or job changes. Data from the Bureau of Labor and Statistics shows that while 68% of employers offered access to the private retirement industry this year, only 51% of employees took advantage of this opportunity. Once the SECURE Act 2.0 passes, this figure will likely increase

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FEATURED ARTICLE
A view of the east steps of the United States Capitol Building.

SECURE Act 2.0: What Employers Should Know

At the end of December 2022, the SECURE Act 2.0 cleared both houses of Congress as part of an omnibus end of year appropriation. The Act is a package of bills focused on retirement that expands on provisions from the original SECURE Act enacted in 2019.

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