Wise Information for Healthcare Employees



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Employer Information: Key Issues and Trends

Healthcare Issues

  • Lack of objective participant education
  • Single vendor vs. multi vendor 
  • Plan compliance 
  • Determining ERISA applicability
  • Fiduciary role  

Healthcare Trends

  • Vendor consolidation 
  • Auto enrollment 
  • Auto escalate
  • Roth 403(b)

Key Employer Duties

  • Maintain written plan documents
  • (ERISA plans) File an annual Form 5500 (including a plan audit)
  • Monitor contribution limits
  • Ensure compliance with rules for participant loans

IRS: Operate and Maintain a 403(b) Plan

Healthcare Stories

Too Many Physicians Not Saving Enough

While the financial well-being of physicians may seem healthy on the surface, nearly half fall short of recommended retirement savings rates according to a survey.