Most employees spend less than an hour to decide their benefit coverage for the year
In new benefits research from LIMRA, 53 percent of employees said they spend less than one hour reviewing benefits information during their company’s open enrollment period.
Most Middle-Income Workers Saving Less Than Five Percent of Their Income for Retirement
WINDSOR, Conn., Oct. 31, 2012 — A new LIMRA study reveals that two-thirds of middle-income ($40,000-$99,999) American workers are saving less than five percent of their annual income for retirement - with nearly a quarter saving nothing at all.
LIMRA: Less than Half of Pre-Retirees Expect to Live Their Desired Lifestyle in Retirement
Having an Advisor and Accomplishing Some Key Retirement Planning Activities Improves Pre-retirees' Outlooks.
LIMRA Finds Less than Half of Employers Offer Benefits to Nontraditional Workers
Gig work, like being an Uber driver or freelance writer, has become more commonplace. LIMRA research shows 26% of all U.S. workers participate in gig work either as their primary job or as a secondary source of income and almost three quarters of these workers believe they will continue working in this capacity over the next five years.
Incentives to Delay Retirement Benefit Both Employers and Employees
According to the U.S. Bureau of Labor Statistics, one-third of the U.S. labor force is 50 or older. As more employees begin to reach the traditional retirement age, employers need to examine their policies and procedures to address the potential loss of talented and experienced workers.
LIMRA Study Finds Less than Half of Small Businesses Offer Employee Benefits
WINDSOR, Conn., Jan. 28, 2013 — Only 47 percent of small businesses (2-99 employees) in the United States offer benefits to their employees, the lowest level in two decades of LIMRA research.
Benefit Carriers ask: How do we reach employees?
Insurance benefits were once a straightforward offering from an employer.
Less Than a Third of Employers With Defined Contribution Plans Surveyed Say They Are Very Likely to Switch to a State-run Retirement Savings Plan Offered in Their State
A recent LIMRA Secure Retirement Institute study finds 30 percent of employers who offer a defined contribution (DC) plan say they are very likely to stop offering their defined contribution plan and have their employees enroll in a state-run retirement savings plan.