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Ted Godbout

After seeing their earlier proposal come under attack, House Republican leaders have revised their end-of-year tax and retirement savings legislative package, and carried forward key provisions from the Retirement Enhancement and Savings Act (RESA). Beyond that, the revised package seeks to... READ MORE
Will the 115th Congress act on a broad tax and retirement savings package before adjourning? It looks like we’ll have to wait a little longer to find out. Following the memorial events following the death of President George H.W. Bush, lawmakers approved a two-week funding extension on Dec. 6 to... READ MORE
Effective 401(k) plan design features like auto-enrollment and auto-escalation have been shown to increase participation, boost deferral rates and improve investment diversification, but they can also bring unintended results, according to a new paper. In their paper, “Best Intentions: The... READ MORE
Many employers are interested in offering financial wellness programs to their employees, but there appears to be limited consensus on the approach, according to new research from the Employee Benefit Research Institute (EBRI). Last spring, EBRI began exploring employers’ interest in offering... READ MORE
Results from a new survey show that investors continue to have unrealistic expectations for investment returns, but their tolerance for risk is lower and few truly understand the ramifications of market volatility. Natixis Investment Managers’ survey of 750 individual investors in the U.S. found... READ MORE
With only about two weeks left in the legislative calendar, the House of Representatives is expected to approve a revised tax and retirement savings package as early as today. But can the legislation be enacted in its current form? House Ways and Means Committee Chairman Kevin Brady (R-TX)... READ MORE
A belief among small business employers that offering a retirement savings plan can be costly, combined with a lack of awareness of options, helps explain why many of these employers don’t even consider them, a new study suggests. Results from Millennium Trust’s inaugural Small Business Retirement... READ MORE
Making simple design enhancements to a retirement enrollment website can produce results that are similar to an employer increasing its match limit, according to a new study. Conducted in association with Voya Behavioral Finance Institute for Innovation, Saurabh Bhargava and Lynn Conell-Price of... READ MORE
HSAs continue to increase in popularity thanks to their triple tax advantages and increased adoption in health plans, but there is room for improvement, according to a new study. Morningstar’s second annual study assessing HSAs from 10 of the largest providers finds that most have improved the... READ MORE
In what will be his third stint as chairman, veteran senator Charles Grassley (R-IA) has decided to return as head of the powerful Senate Finance Committee. When the 116thCongress convenes in January, Grassley, 85, plans to step down from his current position as chairman of the Senate Judiciary... READ MORE
Mere days after publishing a request for comments on a proposed exemption, the Department of Labor has now issued an advisory opinion (AO) regarding a specific auto portability program. The DOL advisory opinion, dated Nov. 5, 2018, outlines the particulars of a program developed by the Retirement... READ MORE
The 2018-2019 Treasury Priority Guidance Plan includes more than 60 regulatory projects relating to implementation of the Tax Cuts and Jobs Act that the agency intends to address in the coming year. Overall, the plan contains 239 guidance projects that will be the focus of efforts through June 30... READ MORE
The Department of Labor (DOL) wants to know what you think about auto-portability. In a Nov. 7 request for comments, the DOL noted that employees leaving their current place of employment with small account balances in the company’s 401(k) plan often either take a distribution of their retirement... READ MORE
UPDATED NOV. 8, 2018 As expected, the Democrats took control of the House of Representatives in the congressional midterm elections, portending a major shift in focus for retirement policy issues. Currently the party affiliation in the House stands at 219 Democrats and 193 Republicans. In the... READ MORE
At first blush, many in the industry assumed that the Department of Labor’s proposed rules expanding access to multiple employer retirement plans would include allowing for open MEPs by unrelated employers. The idea hasn’t gone away, but it’s not included in the current DOL proposal. Issued in... READ MORE
While workers are now more secure in their retirement preparations than before the Great Recession, they still face a number of shortcomings, says a new report. The Transamerica Center for Retirement Studies report, “A Retirement Security Retrospective: 2007 Versus 2017” illustrates the resilience... READ MORE
While some studies show that health savings accounts continue to struggle to gain traction, a new analysis finds encouraging signs for future financial wellness for individuals the longer they have and contribute to an HSA. The Employee Benefit Research Institute’s updated analysis, “Health... READ MORE
The Department of Labor has released proposed rules that would expand access to multiple employer retirement plans for small employers and self-employed workers, while also maintaining fiduciary oversight. Modeled after the Association Health Plans (AHPs) concept, the proposed rules  issued Oct. 22... READ MORE
The federal government’s updated unified regulatory agenda has shed light on the status of the Securities and Exchange Commission’s and Department of Labor’s efforts on investment advice and the now-vacated fiduciary rule. The SEC’s updated regulatory agenda confirms that the agency has set a... READ MORE
Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8% in 2019, the Social Security Administration announced Oct. 11. The 2.8% cost-of-living adjustment (COLA) will begin with benefits payable to beneficiaries in January. For SSI... READ MORE

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