Starting January 1, 2022, the Washington State Long-term Services and Supports Trust Act will require many residents to either have long-term care insurance (LTCI) coverage from a private insurer or else pay.
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The Plan Sponsor Time Crunch
During these uncertain times, plan sponsors are feeling more pressure to ensure their retirement plans are getting the attention they need. However, company executives and HR professionals struggle with being able to spend adequate time on retirement plans, leading to more consideration for outsourcing these fiduciary responsibilities.