X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
hand drawing new arrow next to partially erased arrow (Photo: Shutterstock)

Shifting retirement plan operations to a third-party, known as “decoupling” could offer employees greater options, while reducing the cost, risk and administrative burdens for employees, the American Academy of Actuaries said in a recent issue brief.

About one-third of all private industry workers in the U.S. do not have access to an employer-sponsored retirement plan, the academy noted. Those workers often are employed at small business that lack the resources needed to operate plans.

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.