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Andrew Welsch is a former managing editor of Financial Planning.
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Industries that rely on independent contractors should review potential impacts of the new rule and make sure their independent contractor documentation is squared away.
With raised fiduciary expectations, the health benefits market will move toward more transparent, level-fee structures and fiduciary-aligned advice.
The Department of Labor issued a safe harbor rule protecting benefit leaders as they navigate the added risk to retirement planning.
Transparency is becoming the baseline, with visibility into compensation streams and financial relationships increasingly expected rather than optional.
An expert adviser explains the many considerations to take into account before deciding on this as an option for employees.
