The Labor Department is amending the Abandoned Plan Program, originally adopted in 2006, so trustees can distribute assets from bankrupt companies' retirement plans to workers and retirees, starting July 16, 2024.

Here is a deeper look at five areas where automated employee benefits can reap rewards for employers and their workforce and where benefits advisors can help guide change.

While access to mental health services is a problem for just about everyone, everywhere, the LGBTQ+ community is facing a dangerous trifecta — cultural and political volatility, an accelerating mental health crisis, and an inequitable healthcare system — that needs immediate and sustained action.

About 20% of women will experience a postpartum mental health condition, which can be devastating to their overall wellbeing and potentially even prevent return to work.

Nearly 50% of all respondents expected most of their recruitment to be conducted fully online within the next five years.

72% of business owners said financial concerns prevented them from taking time off.

For most caregivers, their responsibilities often resemble a time commitment equivalent to taking on another full-time job.

Most employees would prefer financial benefits such as a company stock plan, and a broad-based plan tied to payroll such as employee stock purchase plans may be a good fit, as more employees will be able to participate.