The Securities Industry and Financial Markets Association (SIFMA) & Financial Services Institute (FSI) argue that the rule — while intended to strengthen investor protections — would actually limit their access to retirement products.

Forty-five percent of organizations said that retaining talent is a top priority for the coming year, and 62% of HR teams said the same.

Technology and medical expertise support health and welfare plan sponsors, risk managers in meeting these fiduciary responsibilities.

But a CMS regulatory filing shows that only about 20 web brokers are still in the game.