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Almost Three Quarters of Defined Contribution Advisors Offer Financial Wellness

According to LIMRA Secure Retirement Institute (LIMRA SRI), 73 percent of advisors report that they specifically offer financial wellness support in their defined contribution (DC) plans.

LIMRA and LOMA Publications Win 2018 APEX Awards for Publication Excellence

LIMRA and LOMA’s flagship publications have been recognized as recipients of a 2018 APEX award for publication excellence.

COVID-19 Expected to Have a Short-Term Impact on Defined Contribution Plan Sales

The coronavirus pandemic and the resulting social distancing measures have disrupted many aspects of the economy. Employers — many who are dealing with the potential of lower revenue and managing remote work arrangements and the uncertainty of when things will return to normal — may choose to delay or cancel plans to put their defined contribution (DC) plans out to bid. This would significantly impact DC plan sales in 2020.

LIMRA’s Newest Enhancements to Data Exchange Standards Allow for Enrollment in All Employee Benefits Plans

LIMRA today rounded out its data exchange standards to include group medical products, flexible spending accounts, health savings accounts, and health reimbursement arrangements. With these new additions, the LIMRA Data Exchange (LDEx) Standards now allow for enrollment in all employee benefit plans.

LIMRA and The Institutes RiskStream Collaborative Announce Plans to Develop Blockchain Solution for Life Insurance Licensing and Appointments

WINDSOR, Conn., and MALVERN, Pa., June 3, 2019—LIMRA and The Institutes RiskStream Collaborative™ today announced plans to pursue a blockchain use case that will streamline the licensing validation and appointment process for agents.

The Impact of the CARES Act on 401(k) Plans

In March 2020, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act to help Americans manage the sudden economic fallout of the coronavirus outbreak and ensuing widespread unemployment.

Less Than a Third of Employers With Defined Contribution Plans Surveyed Say They Are Very Likely to Switch to a State-run Retirement Savings Plan Offered in Their State

A recent LIMRA Secure Retirement Institute study finds 30 percent of employers who offer a defined contribution (DC) plan say they are very likely to stop offering their defined contribution plan and have their employees enroll in a state-run retirement savings plan.

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