While the Affordable Care Act (ACA) didn’t change COBRA laws, rules or pricing, it did change demand by opening up alternate, oftentimes much less expensive, options for Americans. Consumers can now shop for insurance on the Marketplace, free from pre-existing clauses, with access to comprehensive plans, thanks to guaranteed minimum essential coverage rules. Okay, that… Read More
We occasionally get questions from brokers and employers about how they should setup their defined contribution funding arrangements. In a future post we’ll share some of the general guidance that brokers can share with their clients. However, in this post we’ll take a more technical approach, looking first at the regulations that apply to employers moving to a full defined contribution funding arrangement.
The move from a defined benefit (DB) to a defined contribution (DC) funding model is gaining traction, as groups of all sizes see the potential it brings to not only reduce costs, but to deliver benefit cost predictability.