To stop the "leakage" of retirement cash-outs when employees switch jobs, the Department of Labor proposes new rules regarding fees under SECURE 2.0, which is aimed at expanding auto-portability transactions.
The automatic transfer of small-balance 401(k)s of workers who change jobs - now effective through SECURE 2.0 - could grow net incremental wealth by $1.5 trillion over 40 years, says the Retirement Clearinghouse.
There's an increasing recognition of the need to help participants convert their accumulated savings into a reliable income stream during retirement, according to the new Institutional Retirement Income Council report.
Value-based care, which focuses on quality of care and patient experience, kept patients healthier and lowered costs because they spent more time with their primary care doctors, according to Humana's 10th annual report.
Although 92% of employers thought their retirement benefit offerings were competitive, 61% of their employees thought they could find a better retirement package with a different employer, according to a new Buck report.
Defined contribution plans are poised for a major shift, as participants take a more active role in retirement planning with personalized TDFs, advisor managed accounts and lifetime income solutions, according to a Wilshire report.
Due to a nationwide shortage of therapists, about a third of U.S. employers say they offer employees AI-based wellness and mental health programs, yet researchers say there isn't enough evidence that the programs work.
DebugScreen: mobile
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"summary": "Industry observers said that drug companies are likely to continue to oppose the government's efforts to reduce prices.",
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"summary": "To stop the \"leakage\" of retirement cash-outs when employees switch jobs, the Department of Labor proposes new rules regarding fees under SECURE 2.0, which is aimed at expanding auto-portability transactions.",
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