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The new retirement bill, aimed at expanding retirement coverage for workers not covered by an employer plan, would likely lead to worse retirement outcomes for most Gen Z and millennial workers, according to the Morningstar Center for Retirement's new research.

Almost half (47%) of small- to mid-size firms and startups – that have not previously offered a retirement plan – opted for a PEP because of the cost and administrative responsibilities, according to Transamerica's new survey.

Providers of ancillary benefits and services need to learn how to serve cash-for-coverage plan enrollees, according to David Millar, head of ICHRA product at Gravie.

The gap in receiving benefits contributions was most pronounced among 1099 workers.

Since publication, freelance workers and others have filed lawsuits challenging the rule. These legal challenges currently are in the early stages of litigation.

Overall hiring at the health and welfare benefits providers has been strong.

Inflation was higher wage growth for postal workers (minus 13%) marketers (minus 8%), real estate agents (minus 7%), accountants (minus 6%) and Insurance agents (minus 6%).

The Retirement Savings for Americans Act is attempting to boost retirement security for millions of low- and middle-income workers, but opponents say it could "crowd out" the private, employer-based retirement savings system.