DFAs can be part of the retirement income solution, since they give workers the power to choose whether to convert some or all of the savings to income benefits.
With 90-plus provisions, SECURE 2.0 is a complex piece of legislation, and there is still some confusion among plan sponsors about tax credits to cover administrative costs, as well as which provisions are optional or mandatory.
An appeals court affirmed a lower court's ruling that HHS could not force Braidwood and other firms who challenged the ACA mandate to cover PrEP drugs for HIV, however, the nationwide ACA coverage mandate is still in effect.
As the health care industry navigates the challenges of coordination of benefits, embracing technology and fostering collaboration among stakeholders will be essential in driving meaningful change.
The ERISA Industry Committee wants the DOL to scale down what it calls "excessive amounts" of participant information for its SECURE 2.0-mandated Retirement Savings Lost and Found database to be launched in 2024.
Working longer is one of the most powerful tools to improve retirement security, however, employers need to help employees deal with emergency funding needs outside of reducing their retirement savings, says a new report.