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

Rick Jelinek joined Aetna in October 2015 as executive vice president in charge of the Aetna-Humana integration, as well as of Aetna’s enterprise strategy. In July 2015, Aetna announced plans to acquire Humana, which would approximately double its size. Jelinek reports to Aetna’s Chairman and CEO Mark T. Bertolini and joins Aetna’s Executive Committee. Prior to Aetna, Jelinek was an operating partner with Advent International, a private equity firm.

In late June 2015, GBV learned that AIG Benefit Solutions President and CEO Curt Olson was about to leave AIG. Only a few weeks earlier, Olson had led AIG’s comeback in the global employee benefits market, five years after the sale of the “old” AIG network along with other ALICO assets to MetLife. In late April 2015, AIG acquired a majority stake in ING’s ING Employee Benefits – Global

Payroll software and services provider ADP and the GoHealth Insurance platform that offers subsidized health insurance plans under the Affordable Care Act, have together launched a private health exchange that enables employers to assist both full-time employees and the contingent workforce, i.e. part-time, temporary and contract workers ineligible for employer-sponsored coverage, in selecting health plans. Apparently in an effort to leverage up-to-date, detailed employee data from its clients’ payrolls,

In a August 5, 2015 press release, New York-based insurance brokerage Integro said it has reached an agreement to be acquired by PE firm Odyssey Investment Partners. Odyssey re-enters the insurance industry after previous investments in Montpelier Re, OneCall Medical and York Insurance Services.  

INTEGRO TO BE ACQUIRED BY ODYSSEY INVESTMENT PARTNERS Investment Strongly Endorses Specialty Growth Strategy New York, NY (August 5, 2015) – Integro Ltd., an international insurance brokerage and risk management firm, today announced that it has reached an agreement to be acquired by entities affiliated with Odyssey Investment Partners, LLC, positioning Integro for continued growth. Financial details of the investment were not disclosed. Founded in 2005, Integro has evolved

Cigna in January 2015 released Cigna Compass, a new application based on predictive algorithms to guide U.S. health plan customers in building their own personal health care team of practitioners and save money. Cigna Compass synthesizes data related to a consumer’s medical plan use, biometric data, incentive information, claims history, and coaching program involvement to improve health and lower health-care costs. It guides customers to stay in-network and choose