Retirement

In a BenefitsPRO Broker Expo breakout presentation, the head of broker partnerships at an employee financial wellness platform discusses the best strategies for brokers to bring this must-have benefit to employers.

With a thoughtful approach and focused plan design, such as a default option, plan sponsors can make the difference in empowering more women to get on track to reach retirement goals.

Retirees this year received a record-high 8.7% cost-of-living adjustment in their benefits – the largest increase in four decades – however, next year may be less than half that percentage due to inflation, according to a new estimate.

This is a significant rise from a year ago, as employees struggle with personal finances and mental health, according to a John Hancock Retirement report.

Many small business employers may be unaware that there are several retirement solutions available to them and that the new federal law covers 100% of the startup administrative costs for employers with up to 50 employees.

The new legislation is a significant step toward making retirement plans accessible to 57 million more people, similarly to the launch of automatic enrollment In the UK a decade ago, says Smart's global retirement report.