Adoption can be improved by integrating annuities into target-date funds, and providing clear communication and professional guidance, says PGIM’s David Blanchett.
As employers navigate various offerings and identify strategies for driving employee utilization, this presents a unique opportunity for benefit advisors to serve as a trusted partner for clients.
For the first time in years, Gen X reported slightly worse financial wellness than Gen Z, but the new catch-up contribution rules for next year will give them a boost, according to a new Guardian report.
While use of GLP-1s might cut bariatric surgery costs, covering anti-obesity medications in 2023 added 4.8 percentage points to the average plan's prescription spending increase.
A team of investigators found that health plans corrected or removed just 38% of the inaccurate entries within about a year, instead of 90 days required by federal law.