Almost all (97%) organizations surveyed offer paid sick leave, with some (10%) mandating time off by state/local laws.

With the cost of employer-sponsored health insurance increasing, the federal government has an important role to play in creating a federal public option for employers as an alternative, says the Center for American Progress.

As ideas on how best to help employees save money for retirement continue to advance, employers and plan sponsors will need to stay abreast of the changing regulatory requirements and evolving participant needs.

By addressing these administrative errors proactively, businesses can save a significant amount of dollars annually.