The Department of Labor’s Retirement Savings Lost and Found database, which is expected to go live next month, still needs help from plan administrators on participants who left the company.
The voluntary benefits marketplace has evolved into a sophisticated, integrated solution, requiring employers to offer more personalized, comprehensive, and data-driven benefits packages that appeal to a diverse workforce and increase participation and utilization.
The push and pull between customization and privacy presents a puzzle and an opportunity for benefits advisors who want to go beyond having a transactional relationship with their clients and become trusted advisors.
The Department of Labor’s ESG rule that permits environment, social and governance factors to be considered when selecting investments took effect in 2023, but was quickly challenged in court by 25 GOP-led state attorneys general.
While employees say they have better access than ever to financial products and services, employers need to continue educating employees about the value of their retirement benefits, according to a Principal survey.
In President-elect Trump’s first administration, there were “explicit statements of support for the 401(k) system and its pre-tax savings benefits,” said one expert. Will that continue?
Some large health insurers have backed federal efforts to crack down on potential rivals to fully insured group health insurance, but the Trump administration seems likely to end efforts to restrict the major medical insurance alternatives.