Benefits Manager

The cause for the funding challenge is that spending for Social Security is set to increase sharply in relation to GDP in the next decade as the large baby-boom generation retires, according to the CBO.

With the recent passage of SECURE Act 2.0 and the IRS' release of substantially higher contribution limits for 401(k)s, small employers are only just beginning their journey to design and offer robust retirement benefits.

Employers have an opportunity to lessen the significant burden of this debt for their employees — while cultivating a more cutting-edge benefits package that can also appeal to prospective talent.

Some advisors may be underestimating the level of anxiety their clients are living through and should seize the opportunity to help them understand the value of protection solutions, like annuities, says a new study.

"In AstraZeneca's workplace, all employees were equal, but some were more equal than others," the complaint alleged.

"People with health insurance coverage provided by employers generally think they are protected, but our findings show that health-related benefits have been eroding over time," says José A. Pagán.

The future of work requires that all leaders make learning and development a top priority in order to develop employees for meeting the ever-changing "new normal" of the business world.

Plan sponsors need to be aware of the impact of the adoption of target date funds as the default investment option in plans and make decisions accordingly, according to a new report.