To unlock and create growth
Integrated solutions designed for enterprise-wide results. These offerings make the most of your investments in both technology and people.
Health Administration | Employer Solutions
To better wellbeing
Solutions to help employees and employers choose, use and manage their health benefits.
Wealth Administration | Employer Solutions
To build a future
Solutions to help employees and employers choose, use and manage their wealth benefits.
Payroll Administration | Employer Solutions
To keep spend in shape
Solutions to administer, optimize and scale your payroll.
Engagement and Communications | Employer Solutions
To spark interest
Solutions to create a more memorable employee experience.
HCM and Financial Management | Professional Services
To keep things running smoothly
Solutions to better manage your workforce from the cloud.
Finance is moving to the Cloud ...are you ready?
The Advantages for Health Saving Accounts (HSAs): Employees find balance between health and wealth
The Advantages fo Health Saving Accounts (HSAs): Employees find balance between health and wealth
WORK WITH US
FEATURED CASE STUDIES
Curtiss-Wright: Increasing utilization and satisfaction with an integrated benefits platform
Pathway Vet Alliance: Thriving in the cloud with Alight and Workday
President Trump hasn’t proposed any fundamental changes to how 401(k) plans should operate, but the U.S. Department of Labor (DOL) has revisited several fiduciary-related issues under the current administration. Alternatively, Vice President Biden has promised to address the tax advantages for 401(k) plan contributions, and he’d likely direct the DOL to be more stringent on fiduciary requirements and conflicts, as well.
The DOL recently proposed a set of rules that, if finalized, would change the requirements for advisors who recommend investments to plan participants. The rules would still require advisors to act in participants’ best interests when recommending investments, but it’s less restrictive regarding how they’re compensated than President Obama’s “fiduciary rule” that was struck down in 2018.
Limiting ESG funds
Because the DOL may require fiduciaries to always put economic interests ahead of non-pecuniary (non-monitary) goals, this would also limit the use of funds that consider environmental, social and governance (ESG) objectives as part of their investment strategy.
"Equalizing" 401(k) tax benefits
Vice President Biden’s tax plan would "equalize" the incentive system by replacing tax-deductible contributions with flat-tax credits valued up to 26%. This action is meant to equally incentivize savers regardless of what they earn.
Vice President Biden has also suggested that almost all employees without a pension or 401(k)-type plan will have “automatic” access to a retirement plan. This could either involve a government-provided defined contribution plan option or a mandate to employers to provide plans, with subsidies given to smaller businesses.