An Individual Coverage Health Reimbursement Arrangement (ICHRA) services firm found that 20% of U.S. adults already like the idea, and that getting employer support with choosing the right coverage could help.
The new offering is designed to expand access to workplace retirement plans for small and medium-sized businesses to "pool" their assets into a single plan, while alleviating the administrative burdens of running a retirement plan.
About 70% of the 401(k) plan—nearly $2 billion—was invested in one fund, when "much cheaper" versions of this investment were available, allege employees in the class action lawsuit, on behalf of 38,000 participants.
“As companies and HR teams navigate another year of workforce challenges, one truth remains: benefits can make or break your talent strategy,” according to the 2025 Annual Lifestyle Benefits Benchmark Report from the employee benefits platform Compt.
In early January, President Biden signed the new law, which will boost Social Security retirement payments to police and firefighters, but now payments (though retroactive) will be delayed.