The recent wave of federal workforce reductions is poised to have significant economic repercussions, with potential impacts extending far beyond the immediate job losses.
More employers who are dismissing workers are opting to deliver the bad news remotely, but a face-to-face meeting is seen as reducing the chance of future litigation.
Plan sponsors need to stay on top of the evolution of DC plan lineups that now include collective investment trusts and retirement income as investment options, according to a new Fidelity report.
One key area to watch is tax policy, since President Trump has been a strong supporter of extending and even making permanent tax cuts, which could potentially affect overall 401(k) growth, says Colonial Surety’s Richard Clarke.