Employee Participation

The move will be "devastating" for the recipients who have permission to receive them, says Nancy Altman.

Melissa discusses the crucial need for effective, culturally sensitive benefits translation and communication, as well as why establishing trust and creating connections with employees matters now, more than ever.

"We have seen a surge in federal agency enforcement, new rulemaking and litigation, as well as ongoing state developments that both challenge and reinforce these federal efforts," Laura Hancock, ERISA compliance and state law attorney for Lockton, wrote in a new report.

Two-thirds of employers and a majority of workers value these benefits, and sales of both products rebounded in the second quarter of this year.

Nearly 31.9 million 401(k) plans have been forgotten or left behind when employees are terminated or change jobs.

The study noted that such disparities indicate barriers to health insurance for U.S. workers and their families, as well as advocated for policies that support small businesses providing health insurance.