Expert Opinion

Brokers, insurance carriers and employers all play a role in educating employees on these voluntary benefits , driving better utilization, along with an overall improved employee experience.

The mandatory SECURE 2.0 provisions that must be implemented within the next two years are generally action items for human resource and benefits professionals, benefits committees, and recordkeepers.

Local financial advisors are in the best position to help these small business owners implement the right retirement plan that best fits their needs, budgets and goals.

Companies that move to remote work can save $10,600 per employee per year, and smaller companies of 20 employees can save up to $200,000 by making this shift, while the rate of turnover is reduced.

With SECURE 2.0 making the biggest changes to the retirement system in decades, a growing number of employers will be weighing the possibility of adding annuities – which come with a mix of considerations – to their 401(k) plans.

Since most employees do not want their employer to know how much debt they have, the following options are all arm's length alternatives that should not cross the line concerning employee confidentiality.