More Than 50% Warm to Online Benefits Enrollment

August 22, 2003, 1:00 a.m. EDT 1 Min Read

Fifty-five percent of employees who enrolled in employee benefits in 2002 chose to do so over the Web, according to a survey by Belelogic, an online provider of employee benefits. And nearly all of these enrollment systems were done on outside, non-corporate Websites.

More than one-third, 35%, of those who chose to enroll online said they found it less confusing that telephone voice activation systems.

The survey was conducted among 4,100 employees at 10 Belelogic clients over the past eight months.

The Web is becoming the dominant means of delivering human resources services to employees and is a great cost savings to corporations offering 401(k)s and other benefits, according to a recent report by Towers Perrin.

MORE FROM FINANCIAL PLANNING

Wealth management

Attention, RIAs: Goldman wants to help you help HNW clients

The Wall Street giant has been moving away from providing in-house retail investment advice to finding ways it can support smaller firms.

By Dan Shaw

1h ago
Tax

IRS, Treasury finalize rules on energy tax credit transfers

The Internal Revenue Service and the Treasury Department released final regulations on the transfer of clean energy manufacturing, investment and production tax credits, with specific rules for partnerships and S corporations.

By Michael Cohn

April 25
Retirement

Closing loopholes or blocking access? Reactions to the final DOL rule

Here's how commenters such as the AARP, SIFMA, FSI, the Consumer Federation, NAPFA, the CFP Board and others view the Department of Labor's retirement advice regulation.

By Tobias Salinger

April 25
Industry News

Raymond James' wealth unit posts record profits, assets

In the first three months of 2024, both profits and client assets reached new heights at RayJay's Private Client Group.

By Nathan Place

April 25
Technology

Which generative AI model did best on the CPA exam?

An experiment tested different generative AI models against each other on multiple choice questions from CPA Exam test prep material, and found they have their own strengths and weaknesses.

By Chris Gaetano

April 25
Investment strategies

The 20 biggest money market funds

Last year, almost $1 trillion flooded into money market funds. Here are the 20 that have grown the biggest.

By Nathan Place

April 25