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2022 Benefit & Compensation Trends


Employers 03.11.2022 1 MIN

At Ayco, we believe that companies best serve their stakeholders when their employees’ financial lives are clear, understood and in their control. For over 50 years, Ayco has worked to improve the financial health of Corporate America’s workforce. From the hundreds of companies we work with, these are the top benefit and compensation trends we’re seeing.

Benefit trends

  • Evaluating benefit platform to align with overall wellness and diversity initiatives, including adding/ expanding family planning and caregiver benefits as well as resources to support saving, budgeting and debt management
  • Focusing on mental health benefits to ensure employees are aware of and understand the resources available
  • Offering expanded 401(k) plan features and education, including lifetime income solutions/ annuities and ESG-friendly investment options
  • De-risking defined benefit pension plans in response to record funding levels
  • Reviewing group long-term care insurance alternatives given potential state legislation
  • Adding student loan repayment benefits given potential legislation and IRS guidance this year

 

Compensation trends

  • Adding short-term and long-term incentive plan metrics tied to Environmental, Social and Governance (ESG) goals and Diversity, Equity & Inclusion initiatives
  • Modifying Insider Trading Policies and Rule 10b5-1 plans in response to proposed SEC amendments
  • Adding or modifying non-qualified deferred compensation plans given potential tax legislation
  • Reviewing change-in-control provisions for non-qualified and incentive plans as a result of increased M&A activity

 

Offering a comprehensive financial wellness benefit reflects your company’s culture and shows your employees that you value them. Interested in empowering your employees to take control of their financial lives? Learn more about how Ayco can help.