Most employers offer a defined benefit plan, where they select one or two health insurance options to offer their employees. This approach is being replaced by defined contribution plans. The shift is ...

Defined benefit plans guarantee a set retirement payout, reducing investment risk for employees. These plans are rare in the private sector, with employers bearing the majority of funding and risk.

The defined contribution concept isn’t widely used in the enhanced benefits space (also known known as “voluntary”). But when communicated properly, it’s a powerful and innovative tool that brokers ...