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The funding shortfall across Illinois’s 5 retirement systems climbed to $137 billion by last June, a jump of about $17.8 billion since 2015, after the government for years failed to make adequate contributions. (Photo: Shutterstock)Recommended Stories
Inflation Reduction Act’s impact on retiree benefits: What employers need to know
As the new law rolls out, some plan sponsors are questioning whether the government’s capabilities to negotiate with Medicare on lower drug prices could prompt manufacturers to increase medication costs for employer plans.
Another judge strikes down DOL’s 401(k) rollover rule, as new rule expected soon
A second judge ruled the DOL's 5-part test to determine what defines “fiduciary” should be struck down, which was a victory for the Federation of Americans for Consumer Choice, an advocacy group for insurance distributors.
Lawsuits, legislation & SECURE 2.0: Top compliance trends employers need to know
While litigation is not widespread, it's important for plan sponsors to look at operations and shore up practices since there was action on 43 defined contribution cases during the first quarter of 2023, according to Mercer.
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Is It Time To Change Your Team's Wellness Plan?
If your health & wellness plans aren’t cohesive, don’t include costly aspects of wellness like chronic conditions, or don’t feel tailored to the specific needs of your people, it’s time to consider another solution. Download this white paper to learn how to check all the right boxes and deliver value--for both your people and your bottom line.
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What Type of Employer Should Brokers and Consultants Be Introducing to TPAs?
This checklist will help you determine which of your clients will benefit most from a TPA and acts as a helpful resource for them to ensure a successful transition from a fully funded model to a self-funded plan.
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4 Business Problems Solved With Health Benefits
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