Ted Godbout
By Ted Godbout 3/30/2022
March 29 was a busy day on Capitol Hill—in addition to the House of Representatives approving SECURE Act 2.0, the Senate Health, Education, Labor and Pensions (HELP) Committee held a hearing on improving retirement security.
In the hearing, titled Rise and Shine: Improving Retirement and...
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By Ted Godbout 3/30/2022
After waiting for nearly a year, legislation that builds off the original SECURE Act and is supported by the American Retirement Association was approved March 29 by the House of Representatives.
The Securing a Strong Retirement Act of 2022 (H.R. 2954)—a.k.a. SECURE Act 2.0—was approved by a 414-...
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By Ted Godbout 3/30/2022
A bipartisan bill introduced in the U.S. Senate March 30 would make it easier for small businesses to offer retirement plans for their employees.
The Starter-K Act of 2022 (S. 3955) was introduced by Sens. John Barrasso (R-WY) and Tom Carper (D-DE), both of whom sit on the tax-writing Senate...
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By Ted Godbout 3/29/2022
Just as Americans are hoping to start fresh and put the pandemic in the rearview mirror, concerns about the impact of inflation on retirement savings are now among the top worries.
With the annual inflation rate hitting the highest rate in 40 years, Fidelity Investments’ 2022 State of Retirement...
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By Ted Godbout 3/28/2022
A new analysis by PGIM looks at how participants responded, particularly considering the significant structural changes in the DC space since the last major market shock in 2008.
More specifically, the firm set out to understand both the impact of professionally managed portfolios and in-plan...
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By Ted Godbout 3/25/2022
Proposed guidance addressing the so-called “one-bad-apple” rule under the SECURE’s Act multiple employer plan (MEP) provisions was released March 25.
The proposed regulations address changes under the Setting Every Community Up for Retirement Enhancement (SECURE) Act providing an exception to the...
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By Ted Godbout 3/25/2022
Given that strategies that worked for DC plans in the past may be less successful in the future, it will be critical to incorporate forward-looking market views to keep participants on track, the firm suggests in a new paper.
In “What our Long-Term Capital Market Assumptions Mean for Defined...
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By Ted Godbout 3/25/2022
NEPC is out with its 2021 Defined Contribution (DC) Plan Trends and Fee Survey, examining current plan investment trends and innovations across major sectors.
While target date funds (TDFs) continue to be the “turnkey solution,” NEPC notes that one of the more prominent developments is that menus...
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By Ted Godbout 3/22/2022
The “build it and they will come” concept is not as simple for employer-sponsored financial wellness initiatives as it is for a baseball field, according to a new issue brief from EBRI.
Persuading employees to utilize financial wellness webinars can be challenging, especially for younger and...
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By Ted Godbout 3/19/2022
While many small-to-medium size employers don’t offer financial wellness benefits, the results of a new survey suggest there’s a clear contrast between those with a benefit and those without.
According to Ramsey Solutions’ 2022 SmartDollar Employee Benefits Study, starting to save for retirement...
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By Ted Godbout 3/19/2022
For plan sponsors wondering what they can do to help diverse workers increase their retirement savings, a new paper outlines plan features and strategies that can help bolster savings for underserved workers.
In Improving Retirement Readiness for Underrepresented Groups, Alight explains that...
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By Ted Godbout 3/17/2022
As we approach the second anniversary of the COVID-19 shutdown, a new study by Fidelity Investments finds that consumers have shifted their employee benefit priorities and are adapting their investing habits and attitudes.
According to the study by Fidelity Investments, nearly two-thirds (63%) of...
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By Ted Godbout 3/17/2022
Amid surging consumer prices, a new survey finds that virtually all consumers are concerned about inflation and are adjusting their behavior because of it, including some who may alter their retirement plans.
According to the survey by the Nationwide Retirement Institute, 90% of respondents are...
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By Ted Godbout 3/11/2022
The $1.5 trillion budget bill passed by Congress this week includes budget boosts for the Employee Benefits Security Administration (EBSA) and the IRS—but bipartisan retirement legislation apparently will have to wait for another day.
On March 9, the House of Representatives passed, by a vote...
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By Ted Godbout 3/9/2022
Following a year that saw the lowest trading in nearly a quarter century, the war in Ukraine and related market volatility has resulted in another busy trading month for 401(k) investors.
As international political events drove Wall Street lower, 401(k) investors reacted with above-normal trading...
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By Ted Godbout 3/9/2022
For those looking for an official analysis and explanation of the SECURE and CARES acts, the Joint Committee on Taxation has just posted a handy resource.
The “Bluebook” (known formally as the General Explanation of Tax Legislation Enacted in the 116th Congress) provides explanations of more than...
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By Ted Godbout 3/9/2022
Citing the dramatic growth in markets for digital assets with profound implications for consumers, investors and businesses, President Biden has issued an Executive Order calling for the “responsible development of digital assets.”
The March 9 Executive Order appears to call on nearly every...
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By Ted Godbout 3/9/2022
The impact of 401(k) loan defaults on retirement savings can be significant, but new research by EBRI shows that automatically enrolling participants in a 401(k)-loan insurance program can help reduce defaults and improve outcomes.
While Department of Labor data, overall, indicates that loan...
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By Ted Godbout 3/7/2022
Participants value the investment opportunity that 401(k) plans represent and are largely opposed to changing the tax preferences or investment control in those accounts, a new survey finds.
Nearly 9 in 10 individuals (89%) who expressed an opinion had favorable impressions of 401(k) plans, with...
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By Ted Godbout 3/7/2022
Amid the Great Resignation, a new survey finds that workers are reevaluating what they want from their employers, with many considering leaving for better benefits and higher pay.
In fact, more than two-thirds of American workers (67%) have reassessed what they want from their employers and...
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