“Financial wellness is front and center [for employers], so the partnership between Betterment and Lumity made perfect sense,” says Amit Ahluwalia, Lumity’s national employee benefits practice leader.

“Tackling student debt is vital today if we hope to set employees up for long-term financial success,” says Scott Whatley, president of E-Trade.

These employers offer plans that pay as much as $6.52 per hour in contributions.

As an alternative to placing restrictions on lump sum withdrawals, clients could provide retirees more distribution flexibility.

The advice environment for participant rollover choices is muddled as plan providers struggle to gear up for the DOL’s rule.