Skip to main content

You are here

Ted Godbout

Two key members of Congress are interested in learning more about potential threats cyberattacks pose to the U.S. retirement system and what industry stakeholders are doing to address them. In a Feb. 12 letter to the U.S. Government Accountability Office (GAO), Sen. Patty Murray (D-WA), ranking... READ MORE
Retirement readiness remains a significant issue, but making a few small, smart investments like taking advantage of an employer 401(k) match can have a major impact over time, according to BlackRock’s 6th Annual Global Investor Pulse Survey. In this year’s study, which spanned 27,000 people in 13... READ MORE
Offering good news to couples on the eve of Valentine’s Day, a national survey finds that married or cohabiting retirees apparently have more financial resources to draw from and have fewer financial planning regrets, compared to their single counterparts. Those who are married or cohabiting are... READ MORE
Consumers tend to worry about “high-touch” products, such as credit cards and bank accounts, more than they worry about long-term savings accounts, such as their workplace retirement plans and IRAs, a new study warns. Nearly 80% of American consumers are concerned about financial fraud, according... READ MORE
Retirees’ concerns about not having enough money to last through retirement may not be as grim as they had feared before retiring, according to a new study. In fact, more than two-thirds of retirees say they live as well or better in retirement as they did when they were working, according to the... READ MORE
Fee litigation trends and disclosure requirements have compelled plan sponsors to focus on how recordkeeping fees are allocated to participants, but beyond ERISA’s general fiduciary requirements, there is limited legal guidance, explains a new white paper. Under the Department of Labor’s fee... READ MORE
At the first hearing on retirement security issues in the 116th Congress on Feb. 6, enactment of the Retirement Enhancement and Savings Act (RESA) again took center stage as a vital step in expanding access and addressing the coverage gap. Featuring a single panel of witnesses, the four-hour... READ MORE
Two key senators reintroduced legislation to provide greater flexibility for small businesses interested in offering SIMPLE plans as an option for saving for retirement. Introduced Feb. 4 by Sens. Susan Collins (R-ME) and Mark Warner (D-VA), the SIMPLE Plan Modernization Act (S. 322) would, among... READ MORE
Five years ago, employers were just starting to provide workers with financial benefits beyond their retirement plan, but now financial wellness appears to be firmly entrenched in the benefits space, according to a recent report. Nearly two-thirds of employers say they are very likely to take... READ MORE
Fourth quarter volatility pushed average 401(k) account balances down from earlier record highs, but investors apparently didn’t panic, data from Fidelity Investment indicates. The firm notes in its quarterly analysis of retirement savings trends that the average 401(k) balance experienced a 10%... READ MORE
House Ways & Means Committee Chairman Richie Neal (D-MA) announced Jan. 30 that the committee will hold a hearing on Feb. 6 on improving retirement security for America’s workers. It is anticipated that the hearing will be the first of many focusing on retirement security issues, eventually... READ MORE
The threat of being sued continues to dominate plan sponsor reluctance of being too innovative with their defined contribution plans, a recent study finds. According to Alight Solution’s 2019 Hot Topics in Retirement and Financial Wellbeing report, “Building on the past, working toward the future... READ MORE
When it comes to participant communications, a new white paper suggests that some retirement plan terms have meanings that are completely out of step with the definitions most people associate with them. In “Boosting the effectiveness of retirement plan communications,” the Empower Institute... READ MORE
Employer sentiment regarding the most important employee behavior within their 401(k) plan has changed quite drastically over the past 15 years and will likely change again, according to Alight Solutions. In 2005, interpreting new laws like the safe harbor for automatic rollovers and force-outs... READ MORE
Nevada’s Office of the Secretary of State, Securities Division, on Jan. 18 released draft regulations defining the state’s new fiduciary standard based on legislation enacted by the state’s legislature in 2017 – the first of several states to do so. There does not appear to be an ERISA exemption,... READ MORE
Rep. Maxine Waters (D-CA), the new chair of the House Financial Services Committee, recently outlined a full-bodied agenda that seeks to protect consumers, safeguard investors and prevent another financial crisis. In terms of setting the committee’s agenda, Waters, who has served on the committee... READ MORE
December’s market volatility capped off a year in which 401(k) investors started off flocking to equities, only to later flee them for fixed income. According to the Alight Solutions 401(k) Index, 2018 was an interesting year for trading activity among 401(k) investors, as 18 of the first 28... READ MORE
Some studies suggest that Millennials aren’t saving enough and lack confidence making investment decisions, while others suggest Millennials are aggressive, knowledgeable and confident when it comes to investing. So what’s the deal? It turns out that advisors may be taking the wrong approach in... READ MORE
A new EBRI issue brief reviews whether and to what extent purchasing a qualified longevity annuity contract (QLAC) offered through a DC plan can help improve retirement readiness. In “Deferred Income Annuity Purchases: Optimal Levels for Retirement Income Adequacy,” the Employee Benefit Research... READ MORE
Employers continue to show widespread interest in providing financial wellness programs to improve worker well-being and reduce financial stress, but there’s little agreement on what makes up a program and no clear way to measure its value, according to panelists at a recent policy forum. The... READ MORE

Pages