Introduction
Lockton’s People Solutions Market Update offers comprehensive quarterly insights on the U.S. market and industry dynamics impacting cost management, employee wellbeing, and benefits strategies. In this Q2 2025 edition, we explore how employers are responding to the pressured, uncertain landscape and rising costs, based on results from Lockton’s 2025 National Benefits Survey and 2025 Workforce Priorities Survey.
Contents
Contributors
Shannon Demaree, ASA, MAAA, FCA
EVP, Regional Executive, People Solutions
Chris Bartnik, CLU, RHU, REBC, CLF, CHHC
SVP, Growth and Innovation Leader, NE Series
Scott Behrens, JD
SVP, Director of Government Relations
Stacie Engelmann, SPHR, SHRM-SCP, WLCP
VP, HR Consulting
Jenae Johnson
People Solutions Content Strategist
Chase Wagner
VP, Director of Marketing & Communications, People Solutions
Melissa Ward
People Solutions Business Partner
Q1 2025 Market Update recap
Due to high healthcare cost increases and recent lawsuits, plan sponsors face growing pressure to manage plan costs effectively. The Q1 Market Update explored key factors shaping this pressure for the year ahead, including historically high medical and pharmacy cost trends and heightening fiduciary responsibilities.
