October 2018 | benefitnews

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October 2018 |

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War for workers sets off emerging benefit trend: Free college tuition

Bright Horizons, Discover, Disney and U.S. Xpress are among a growing list of employers offering to pay for employees to get college degrees.

BY KATHRYN MAYER

Contents



October 2018 | VOL. 32 | NO. 5

Healthcare

8 Employers take the reins on healthcare delivery

Frustrated by rising costs and legislative uncertainty, companies are cutting out traditional carriers and taking on employee care themselves. BY NICK OTTO

Strategy Session

10 Noodles & Company to offer rare phase-out, phase-in maternity program

Expectant and new moms at the chain can work an 80% schedule at 100% pay for four weeks before and after maternity leave, in addition to getting six weeks of paid leave. BY KATHRYN MAYER

11 Walmart's advance payday app partnership shows `stunning growth'

The retailer's benefits director says about 20% of its workers are using Even, which allows employees to receive wages before their next pay period. BY KATHRYN MAYER

Communication & Engagement

12 Employers turn to carpooling apps to `lyft' commuting burdens

A surge of new transportation tools , such as Hytch and RideAmigos, aim to save both companies and employees money and time. BY CAROLINE HRONCICH

Commentary

18 5 reasons to offer a student loan repayment benefit in 2019

Sure, offering the perk will help employers recruit and retain top talent. But there's even more advantages to consider. BY ALYSSA SCHAEFER

October 2018 Employee Benefit News 3

Contents

What's going on @

October 2018 | VOL. 32 | NO. 5





21

6

RE:INVENT RETIREMENT

In Every Issue

21

6SLIDESHOW

DigHR

VIEWS

Next financial crisis may be worse,

On the web

says co-creator of the 401(k)

The latest must-read blogs, slideshows and

Ted Benna, known for his work with early planning on the retirement vehicle, sounds the alarm about economic landmines that remain -- four decades since the advent of the 401(k).

BY RICHARD STOLZ

features.

Overheard at #BFE18: Top 11 tweets from

Why HR's digital adoption is only

the Benefits Forum & Expo

scratching the surface

Social influencers shared moments from EBN and

Though technology has transformed nearly all

EBA's annual conference, where employers like

aspects of business, human resource departments

Activision Blizzard and Walmart talked about how

7 they're approaching their benefits strategies.



do not fully leverage digital tools, realizing limited benefits.

Editor's Desk

How employers can support employees during cancer treatment Remote work options, flexible scheduling and robust medical coverage all play a role. But there's one big aspect of support companies often overlook.

When I first started covering the benefits

industry in 2011, there was plenty to write

about, and much of the focus involved gloom

22 Morgan Stanley revamps financial wellness program

and doom forecasts over the newly enacted Affordable Care Act. How times have changed.

The bank expanded its program from C-suite

BY KATHRYN MAYER

executives to employees who need help

planning for their futures. BY KAYLA WEBSTER

26 By the Numbers

Employees enrolled in a health savings

24

account often use them as dedicated

Strong 401(k)s linked to strong

spending accounts rather than as tax-free

company performance

long-term savings accounts.

Employers with "great" retirement plans are

significantly more likely to have higher

margins and revenue per employee than

those with average plans.

BY MARGARIDA CORREIA

24 To avoid stalling, retirement readiness initiatives need boost

Employers must hit the throttle by providing employees with personalized retirement readiness scores, deeper metrics.

BY MARGARIDA CORREIA

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Editor-in-Chief, Employee Benefit News Kathryn Mayer kathryn.mayer@

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Caroline Hroncich caroline.hroncich@

Kayla Webster kayla.webster@

Contributing Writers Paula Aven Gladych, Robert C. Lawton, Bruce Shutan, Richard Stolz

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Executive Director, Content Operations & Creative Services Michael Chu

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Vice President, Research Dana Jackson

Advisory Board Kay R. Curling Senior Vice President, Human Resources Salient Federal Solutions

Keven Haggerty Human Resources Manager CRV Electronics

Mike Hauer Benefits Manager Cincinnati Board of Education

John Powers Senior Vice President, Human Resources Equity Residential

Doug Reys Manager of Compensation & Benefits Franklin International

Paul Wong Staff Salary and Benefits Manager International Mission Board

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Employee Bene? t News, ISSN#1044-6265 Vol. 32 No 5, is published 6 times a year; March, May, June, September, October and November by SourceMedia, Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 212/803-8200. Periodicals postage paid in New York, NY, and additional o~ ces. Subscription Rates: $119 for one y ear in U.S.; $165 for one year in other countries. Single copies and back issues $8.00 domestic, $18 international. Change of Address: Notice should include both old and new addr ess including ZIP code. Postmaster: Please send all address changes to Employee Bene? t News, SourceMedia, Inc., One State Street Plaza, 27th ? oor, New York, NY 10004. For subscriptions, renewals, address changes and delivery service issues contact our Customer Service department at (212) 803-8500 or email help@. Printed in U.S.A. Employee Bene? t News is intended only for employee bene? ts professionals. e publisher does not perform due diligence on the companies or products discussed or advertised in Employee Bene? t News. ?2018 Employee Bene? t News and SourceMedia, Inc. All Rights Reserved.

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4 Employee Benefit News October 2018

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