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
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.”
Daniel Aronowitz said his top priorities as head of EBSA would also include dealing with mental health parity, health care costs and pharmacy benefit managers.
Wayne-Sanderson Farms, which works with over 2,000 family farms that produce nearly a billion chickens a year, now has access to Vestwell’s Group of Plans retirement solution—making it easier and more cost-effective for farmers to save for the future.
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.
The Retirement Savings for Americans Act, which is supported by Charles Schwab and the National Economic Council, was reintroduced in the Senate by Sen. John Hickenlooper.
Benefits advisors, carriers, and other players in the employee benefits ecosystem must remain vigilant to ensure that their sales and distribution strategies are in-step with a changing market.
Senator Bill Cassidy, ranking member of the Senate Health, Education, Labor and Pensions Committee, has issued a white paper outlining proposals to provide retirement plans to independent workers.