One key area to watch is tax policy, since President Trump has been a strong supporter of extending and even making permanent tax cuts, which could potentially affect overall 401(k) growth, says Colonial Surety’s Richard Clarke.
The EEOC has announced that it will no longer recognize the existence of gender identity or sexual orientation as a form of sex discrimination under the agency’s interpretation of federal law.
In 2023, U.S. health expenditures surged by 7.5%, reaching $4.9 trillion, or an average of $14,570 per person, according to the Centers for Medicare & Medicaid Services.
SSA’s acting commissioner resigned over refusal to allow access to sensitive government records, however, she was quickly replaced by the manager in charge of SSA’s anti-fraud office, until Trump’s appointee to lead the agency, Frank Bisignano, is confirmed by the Senate.
The DOL’s ESG rule has been challenged since it took effect in 2023, but now a Texas judge has ruled that retirement fund managers may consider environmental, social and governance factors when choosing investment funds.
The involvement of direct primary care and advanced primary care programs in state employee and union plans may help them in Washington this year, because health policy specialists at some of the organizations that typically side with Democrats on health policy issues may have access to direct or advanced primary care programs through their own benefit plans.
If your employees missed the December 31 FSA deadline, make sure they don’t miss out on this last opportunity to use their tax-free funds to improve their health and make their money go farther.
In Q4, significantly more participants increased their retirement contribution rate, led by younger generations – Gen X-ers contributed the most, but millennials saved the most, according to a new BofA report.
Employers need to rethink how these programs are structured and include these must-haves: fiduciary-only advice, AI and human guidance, a focus on everyday challenges and seamless and engaging technology.