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There is a renewed focus on nonqualified retirement plans, which are not subject to ERISA rules and can include deferred-compensation plans, executive bonus plans and split-dollar life insurance plans, says a WTW report.
Employers have a significant role to play in providing the necessary tools, resources, and education to navigate these financial pressures, ultimately improving decision-making in both areas of health and wealth, says a new survey.
With SECURE 2.0 signed into law, featuring new auto-enrollment requirements, retirement advisors can help prepare payroll systems for the new regulations, otherwise employers will face the possibility of fines.
"Maxing out your 401(k)" is hard when employees are struggling to make ends meet and their paycheck barely covers expenses. That's why employers need to go beyond the obvious to give employees practical information they need.
Value-based reimbursement promotes the delivery of evidence-based, high-quality care that encourages use of — rather than creating barriers to — high-value services.
Since It's the first law that links employees' payment of student debt with the statutes governing defined contribution retirement plans, Congress is hoping the result is greater retirement savings in America – but only time will tell.
KP's physicians would be involved in developing a "platform" to offer Geisinger and other health systems its value-based care expertise, including in design of care models, pharmacy practices, consumer digital engagement.
The new retirement law expands the IRS' Employee Plans Compliance Resolution System, so now's a good time for plan sponsors to get their ducks in a row, according to this employment law and benefits attorney.