Houston Methodist will change the insurance of 26,000 hospital system employees from UnitedHealthcare to Cigna, one of the nation’s largest insurers – the latest move in a protracted battle between one of Houston’s largest hospital systems and UnitedHealthcare. On Monday, Houston Methodist announced that it will cover its employees throughRead More →

Early versions of web portals for plan members only provided information on account balances and investment options. Today’s innovative portals supplement this basic information with retirement income planning analysis and member-specific advice on improving retirement outcomes. Layout and site designs and user interaction features are also changing, based on behavioralRead More →

Defined benefit plan or defined contribution plan: an overview Employer pension plans are divided into two broad categories: defined benefit plans and defined contribution plans. As the name suggests, a defined benefit plan, also known as a traditional pension plan, provides a specified payment amount at retirement. A defined contributionRead More →