Expert Opinion

There are multiple strategies benefits advisors and employers can deploy to address the physician gap and reduce downstream spend while delivering a better and more enjoyable employee experience.

New state laws are attempting to solve a problem: Few private sector workers save for retirement without an employer-sponsored retirement plan, so it's important for small businesses to take steps now to set up a strategy.

Too often, employers fail to think through the workforce implications of their plan designs and focus on cost, but neglect to what extent delayed retirements can greatly impact build-from-within management strategies.

Perhaps enacting a national primary care fee schedule is one solution, or policymakers could consider forgiving the medical school debt of doctors who choose primary care as a profession.

With an increasing number of employers now offering self-directed brokerage accounts (SDBAs) as part of their 401(k) plans, employees are enjoying more flexibility and control in their investment choices.

The average American's personal debt is $21,800, which is why employers need to provide employees with the the right financial tools, such as budgeting worksheets, money management apps and individualized financial counseling.

"Maxing out your 401(k)" is hard when employees are struggling to make ends meet and their paycheck barely covers expenses. That's why employers need to go beyond the obvious to give employees practical information they need.

Since It's the first law that links employees' payment of student debt with the statutes governing defined contribution retirement plans, Congress is hoping the result is greater retirement savings in America – but only time will tell.