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PEPs are a compelling option for employers and advisors seeking efficient, cost-effective recordkeeping solutions – and by entering a PEP, the employer reduces its fiduciary responsibilities.

Members of a Senate panel that oversees Social Security sent a letter to the agency's acting commissioner, urging her to do more to prevent overpayments and "limit harm to vulnerable beneficiaries" when trying to recover money.

In the new report released last week, the agency reveals it recovered $4.9 billion in overpayments but still has a $23 billion uncollected overpayment balance, despite repeated attempts to contact beneficiaries.

After 18 financial groups asked for a 60-day extension for the DOL's proposed new fiduciary rule last week, the department told them it is not warranted, reiterating that comments are still due Jan. 2.

Using the six strategies defined here, brokers can help organizations provide an effective and appealing benefits package suitable for all employees across all generations.

Artificial intelligence could reduce clinicians' administrative work and accelerate drug innovation, but the new technology needs oversight, said lawmakers, who met last week to discuss benefits as well as possible threats of AI.

A coalition of nearly 20 financial industry trade groups, including the Financial Services Institute and the Insured Retirement Institute, says a 60-day comment period is not enough time to comment on the 500-page proposal.

Former Maryland Gov. Martin O'Malley, Pres. Biden's choice to head the Social Security Administration, calls the agency's $21 billion overpayment problem an "outrage" at his confirmation hearing last week.