The maximum pretax contribution U.S. employees can make to their 401(k) plans in 2016 will remain at USD 18,000, unchanged from 2015. Other parameters such as the maximum catch-up contribution older employees can make to a plan (USD 6,000), the amount of employee compensation that can be considered in calculating pension benefits and contributions to DC plans (USD 265,000), the definition of a highly compensated employee for nondiscrimination testing (USD

According to a June 2015 International Foundation of Employee Benefit Plans (IFEBP) survey of its members, U.S. employers, of the 83% of organizations that do offer a form of education assistance or tuition reimbursement to their employees, 75% reported the program as successful despite the fact that in many organizations, less than 5% of eligible employees participate in the programs. Education assistance programs provide an employee with a fixed

For the PDF version, click here. October, 2015 As he eased into his new position of President of Lockton Benefits, Bob Reiff answered the questions of Global Benefits Vision and reflected upon the challenges ahead. Global Benefits Vision: Give us a little background about your career. Bob Reiff: I’ve only been president of Lockton Benefit Group since January 1 though I’ve been with Lockton for five years, serving as

Lockton Benefits President Bob Reiff‘s interview with Global Benefits Vision  is available here as a free-access PDF file. The text-only version is available here. Website : www.lockton.com/locktonglobal