The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
For employees, portable plans mean they own their retirement savings from day one, eliminating the need for complex rollovers when changing jobs. For employers, these plans remove the administrative burden and high costs.
More than 3 in 5 employees say they would consider leaving their current job for one with more robust benefits, even if it meant taking lower compensation.
The National Labor Relations Board (NLRB) general counsel has openly stated that she intends to prosecute employers who use overly broad non-compete agreements and stay-or-pay provisions. Employers who are currently making use of either non-compete agreements or stay-or-pay arrangements should carefully evaluate those agreements to ensure that they’re in line with the NLRB position.
In President-elect Trump’s first administration, there were “explicit statements of support for the 401(k) system and its pre-tax savings benefits,” said one expert. Will that continue?