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
"ICHRAs allow employers to offer a spendable allowance to employees to shop for individual health insurance from the entire marketplace of options," says Annie Bushey, client executive at Holmes Murphy & Associates.
In light of The Labor Department's proposed rule on employee classification, employers need to analyze whether the worker is economically dependent on the employer for work.
Since failure to comply with the regulations pertaining to 401(k) administration can lead to significant financial penalties, business leaders need to familiarize themselves with the new retirement plan rules starting with 2023.
The Great Resignation took over 2022, and in order to attract and retain employees, especially diverse employees, the key will be to include DEI in culture and in benefits.