Empower Expands Benefits Services With CDHC Offering

Empower introduced a consumer-directed health care (CDHC) product suite to “help individuals manage their healthcare finances in conjunction with their full financial picture.” The offering, Consumer-Directed Health, will provide employers and individuals an array of products and services that allow for optimization and integration of health and wealth benefits. The integrated set of CDH benefits under the Empower brand will be incorporated into Empower’s digital platform.

Empower will offer health savings accounts, flexible spending accounts, health reimbursement arrangements, voluntary employees’ beneficiary association plans, wellness incentives, lifestyle benefits and more. The product set is being offered through a partnership with Alegeus Technologies LLC, a health care technology solutions provider.

The CDH offering is designed to support employers of all sizes and types, from those with fewer than 50 employees to those with more than 500,000 employees across the corporate, government, not-for-profit and labor markets.

Alight Launches First of Two 2025 Releases of Alight Worklife Platform

Alight, Inc., announced the first major release of Alight Worklife® for 2025, with close to 50 new features across the company’s core health, wealth, wellbeing, navigation, and absence management solutions. In this release, Alight brings a new integration with Microsoft Teams as well as AI-powered capabilities, including a new employer reporting and analytics platform that unifies reporting across the company’s benefits solutions, as well as expanded AI automation in claims processing.

An upgraded user experience includes features to streamline processes, improve access and provide deeper insights for both employers and employees, such as enhanced shared access allowing spouses and partners additional access and an extensive programs library with more than 188 integrated vendors, with AI-powered personalization that engages employees with the right program at the right time.

The latest release of Alight Worklife also includes Alight IRA, a solution to make it easier to rollover plan assets. It offers both Traditional and Roth options, rollover capabilities from prior 401(k)s, a range of investment options and support throughout the process.

This release also includes updates in response to the SECURE 2.0 Act—such as a summary of financial health status and personalized action plans— as well as a new bereavement documentation process.

To support health and absence management, Alight Worklife further integrates Alight’s Leave Management and Benefits Administration solutions. Features include: New Life Event Verification solution; multi-lingual capabilities; user provider search experience; leave claim to-dos; and API integration between LeavePro and Workday.

PensionBee and SS&C to Offer Safe Harbor IRA for Employers

Online retirement provider PensionBee, in partnership with SS&C Technologies and its Automated Rollover Program (ARP), introduced a Safe Harbor IRA for employers and former employees.

PensionBee says its Safe Harbor IRA includes: an intuitive product offering, with a digital platform across the web and a mobile app; a range of investment options including State Street’s SPDR T-Bill ETF (BIL), a curated range of Model Portfolios, and a target-date portfolio; a competitive fee structure; personalized customer service; and educational resources.