Labor attorney Daniel Aronowitz, President Trump's nominee to be the assistant secretary of Labor in charge for the Employee Benefits Security Administration, commits to “modernizing defined contributions plans to include alternative investments.”

The multiple jobs trend is a reality in the current workforce and the shifts in how people live, work and create financial stability. Whether driven by necessity, motivation to live a certain lifestyle, or the desire for flexibility, traditional employment is evolving.

Modeled after the Thrift Savings Plan for federal employees, the Retirement Savings for Americans Act that would automatically enroll private workers without access to a workplace retirement plan is supported by the Economic Innovation Group.

Employers should be able to pay for health coverage for contractors without making them employees, Sen. Bill Cassidy says.