Expert Opinion

Addressing employee debt through financial wellness education – whether by 1:1 counseling, by email or through a digital app – can lead to higher employee satisfaction and lower turnover.

The rule would require prior authorization decisions within 72 hours for expedited, urgent requests and seven calendar days for standard, non-urgent requests – and denials would be required to include a specific reason.

Focus on these proven business-to business-strategies that can be implemented across several prospect firms simultaneously.

There are five key questions every employee needs to consider on their path to retirement readiness, and employers are the ones who need to deliver the message as part of a much-needed financial wellness program.

Many of the severance agreements employers have used for years when terminating an employee will now be deemed illegal by the General Counsel.

Brokers, insurance carriers and employers all play a role in educating employees on these voluntary benefits , driving better utilization, along with an overall improved employee experience.

The mandatory SECURE 2.0 provisions that must be implemented within the next two years are generally action items for human resource and benefits professionals, benefits committees, and recordkeepers.

Local financial advisors are in the best position to help these small business owners implement the right retirement plan that best fits their needs, budgets and goals.