Access is just the starting point to help employees save for retirement – automated features play a critical role in moving the needle, according to the new Principal Real Life Retirement Journey survey.
For benefits professionals, compliance is more than an obligation—it’s an opportunity to streamline care access, reduce frustrations, and enhance the overall employee benefits experience.
Better pay and benefits have stabilized employee turnover at U.S. hospitals, leading to significant decreases in turnover rates for nurses, non-physician clinical staff, and physicians.
Most employers understand the basics of annuities but need help getting conversational about them with employees, similarly to when target-date portfolios were first offered in 1994, according to TIAA’s report.
It is hard to predict what the incoming federal administration will do with respect to PBM laws, but it seems that the states will continue to make this a focus.
Some of the biggest changes that employers must comply with will go into effect in 2025 – required auto-enrollment into new retirement plans, higher catch-up contribution limits, student loan payment matching and updates to long-term part-time worker retirement eligibility.