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International Foundation of Employee Benefit Plans
JUNE 24, 2024
According to recent data from Horizon Actuarial Services, LLC and the International Foundation of Employee Benefit Plans, the fifteen-year period between 2006 and 2020 was turbulent for multiemployer defined benefit (DB) pension plans.
The company was founded in 2008, and since then, it has grown to become one of the leading providers of employee benefits services in the US. The platform offers a wide range of benefits administration solutions, including health and wellness programs, retirementplanning, and employee insurance plans.
Lack of RetirementPlanning - Many people spend time planning meetings that last an hour, weddings that last a day or a weekend, and higher education (4-5 years). However, when it comes to planning what they will do over what could be a 30-year retirement, many people “just show up.” Adult Caregiving, and 6.
Since the financial crisis of 2008, workers have become more aware and concerned about saving for retirement. As a result, employer-sponsored retirementplans are no longer an enticing perk, they’re an expectation. They want a plan they can brag about. So why would their retirementplan be an exception?
Solutions to Economic Uncertainty The economic instability witnessed in recent years, such as the global financial crisis of 2008 and the COVID-19 pandemic, has accelerated the adoption of gig work as individuals seek alternative income sources as a solution to reduced job security.
It was established in 2008. Whether it’s health insurance, retirementplans, or paid time off, BambooHR’s platform helps you navigate the complexities of benefits administration. What is BambooHR? BambooHR is a cloud-based human resource information system (HRIS).
Compensation and Benefits: Compensation Planning : Helps design and manage salary structures, bonuses, and other forms of compensation. Benefits Administration : Manages employee benefits, such as health insurance, retirementplans, and other perks. It caters to companies of all sizes but is particularly popular for SMBs.
A PEO partnership gives small businesses access to retirementplans, insurance, and other benefits that can help level the playing field with larger corporations. PEOs provide services to 175,000 small and mid-sized businesses, employing 3.7 million people. A PEO can help make that possible!
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