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The retirement reform bill reduces small employers’ fiduciary liability, simplifies 401(k) safe harbor rules, and much more. (Photo: Shutterstock)Sen. Orin Hatch, R-UT, and Sen. Ron Wyden, D-OR, have reintroduced the Retirement Enhancement and Savings Act, a sweeping retirement reform bill first introduced in 2016 that sailed through the Senate Finance Committee on a unanimous vote.
The reemergence of the bipartisan legislation comes two weeks before the March 23 deadline for the $1.3 trillion omnibus spending bill, which would fund the government through the end of fiscal year 2018 and must be passed to avoid a government shutdown.
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Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
The National Association of Colleges and Employers recently analyzed what happened to the class that joined the workforce in an unprecedented time.
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Help Your Clients Tackle the Great Resignation with Health Benefits
It’s no secret that health benefits have struggled to keep up with workforce expectations during the Great Resignation. Remaining competitive means employers must streamline their health benefits, put employees first and deliver on brand values. Download this guide to help your clients gain an edge in 2022 with their health benefits.
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Amid mass resignations and record-high job openings, employees are now firmly in the driver’s seat when it comes to where and how they work. So, how are you going to stand out in this highly competitive market? This guide outlines a forward-thinking health benefits strategy that will ensure your company remains competitive in 2022 and beyond.
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Millennials and Gen Z value tobacco and nicotine cessation more than ever before, but quit programs must adapt to their evolving needs. New research indicates successful quit programs have three key facets. Download this interactive ebook to learn how to set your company apart with an effective quit services benefit.
Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.
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