Expect a growing wave of innovation and adoption of in-plan retirement income solutions for 401(k) plans, reflecting the increased interest of plan sponsors, providers and participants, according to the Institutional Retirement Income Council.
A recent case clarifies a significant legal principle that owners of businesses that are obligated to contribute to multiemployer pension plans (MEP) must know.
With a well-designed initiative, you can create a wellness effect with an impact that goes way beyond just physical health in boosting the overall wellbeing of the workforce.
Many 401(k) plan sponsors are overwhelmed by these legislative changes and the responsibility to implement new plan options, which is why some degree of outsourcing is recommended, according to Mercer.