Wednesday, February 28th, 2024 A topical newsletter from PLANADVISER Retirement Coverage Gap Many small businesses do not offer a workplace retirement savings plan to their employees, a fact that the retirement industry and policymakers are working to change. In this PLANADVISER Spotlight newsletter, we bring you trends and insights related to the retirement plan coverage gap.  SPONSORED AD CLIENT SERVICE ‘Exploding Market’ For 401(k)s May Help Shrink Coverage Gap SECURE 2.0, state mandates, PEPs and engaged financial advisers can all help boost qualified plan offerings, according to providers. COMPLIANCE Federal IRA Bill Proposed in House of Representatives The proposal received widespread support from the retirement and insurance industries. DATA & RESEARCH Michigan Bill Proposes State Auto-IRA Program State Representative Mike McFall proposes a bill to expand retirement access for the private sector workforce, joining 15 other states. PRODUCTS Startup Salt Labs Seeks to Disrupt Savings Benefits for Hourly Workers Founder Jason Lee, who started DailyPay, has $18 million in seed funding in under one year for a program to disrupt benefits programs such as 401(k)s. DATA & RESEARCH Labor Economist Takes Aim at ‘Working-Longer’ Culture Teresa Ghilarducci discusses why her new book pushes back on working in old age as an answer to retirement insecurity. IN PRACTICE Creating an Exceptional Onboarding Experience for Your New 401(k) Clients Retirement plan marketing expert Rebecca Hourihan lays out a winning strategy for new client onboarding. Did someone forward you this newsletter? Sign up here to get PLANADVISER Spotlight directly in your mailbox!

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