Deals and People September 20, 2012

David Schweihs Rejoins Mercer Health and Benefits

September 20, 2012 (PLANSPONSOR.com) – David Schweihs will rejoin Mercer as part of its new Analytics and Measurements Solution group of the Health and Benefits business, in the Midwest.
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Based in Chicago, Schweihs will hold the role of principal and senior member of the group, where he will link data and analytics with practical application for clients as well as shape new reporting models and approaches that support high-performing provider networks. He will report to Lisa Black, leader of Mercer’s Midwest Health and Benefits Actuarial and Financial group.

Schweihs returns to Mercer form United Healthcare, where he was vice president of customer analysis and solutions and advanced analytics. He led teams that provided clients analyses of and insights into their health plan offerings.

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From 1997 to 2006, Schweihs worked at Mercer as principal in its health and benefits business, where he was involved in strategy development, HMO rate negotiation, vendor selection, direct contracting, plan performance evaluation and market research.

Schweihs holds a B.S. degree in accounting from Northern Illinois University.

Compliance September 20, 2012

EBSA Releases Fee Disclosure Resource for Participants

September 20, 2012 (PLANSPONSOR.com) – The Employee Benefits Security Administration (EBSA) launched a website that offers information about fee disclosures to help workers with defined contribution (DC) retirement plans.
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The site helps workers see what they are paying in fees and also includes tips and tools for making retirement investment decisions.

“Workers deserve to know how much they are paying for their retirement investments,” Assistant Secretary of Labor for EBSA Phyllis C. Borzi said. “Fees can eat away at retirement savings. Access to good information can lead to an increase of tens—even hundreds-of-thousands of dollars—in retirement savings over the course of a career.”

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According to EBSA, research has shown that paying just 1% more in fees can lead to a 28% decrease in a 401(k) account balance over the course of a career.

An EBSA webinar recording about how to utilize the new fee disclosures is available at http://s.dol.gov/WM.

Workers in employer-sponsored health and retirement benefit plans who have questions about benefits laws can contact an EBSA benefits adviser at http://www.askebsa.dol.gov or 866-444-EBSA (3272). 

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