Jon Karelitz Discusses Resources to Help Struggling Employees in World at Work

World at Work quoted Jon Karelitz in its article, “Workers Need Financial Help; Employers Need to Mind the Fiduciary Line,” on May 29. Karelitz discussed how can total rewards professionals can offer resources to help employees who may be struggling with debt.

“While it’s true that the scope of a fiduciary who provides ‘investment advice’ is more expansive under the new rule, it’s unlikely that total rewards team members will cross the fiduciary threshold simply by directing plan participants to financial resources or explaining the available options under a retirement plan (e.g., the timing and form of distributions).”

You can read the full article here.