Ted Godbout

The current Democratic presidential front-runner is now going after tax breaks for deferred compensation as part of his plan to rein in “corporate America.”   Citing a new GAO report suggesting that the IRS and Labor Department should strengthen oversight of executive retirement plans, Sen.... READ MORE

Three key provisions of the SECURE Act could help chip away at the nation’s retirement deficit, particularly for younger workers and those working for small employers, according to a new analysis by EBRI.    Using its Retirement Security Projection Model, which reflects the real-world behavior of... READ MORE

While regulators in Washington are just getting started on drafting guidance for the newly enacted SECURE Act, on Capitol Hill, attention is already turning to the next major retirement legislation.    In this instance, the funding crisis facing multiemployer pension plans is getting the... READ MORE

Plan design enhancements combined with positive savings behaviors and strong market conditions have helped push average 401(k) balances to record levels.  Among the highlights in Fidelity Investments’ fourth quarter 2019 analysis of retirement savings trends is that the average 401(k) balance rose... READ MORE

Another state legislature is moving forward with a state-run retirement savings program for private sector employees—this time in the form of an open MEP.   Introduced by Delegates Hala Ayala (D-Prince William) and Ibraheem Samirah (D-Fairfax/Loudoun), the Virginia House of Delegates on Feb. 6... READ MORE

Americans saving for retirement have steadily improved their retirement readiness score over the last 15 years, but there’s still work to be done, Fidelity Investments reveals in its biennial Retirement Savings Assessment. According to the study, America’s “retirement score” now stands at 83,... READ MORE

Whether or not the so-called “January effect” was in force, the average 401(k) balance got 2020 off to a good start in January.    That “January effect” is, of course, a hypothesis that there is a seasonal anomaly in the financial market where securities’ prices increase in the month of January... READ MORE

A recent blog post suggests that may be the case, with more employers moving to incorporate features of the most successful defined benefit plans.    “We believe that, by 2025, more employers will adopt some of the characteristics of the most successful pension plans to help put them on a path to... READ MORE

Recordkeeping data for the first half of 2019 shows that Americans were quite content saving in their 401(k) plans and taking advantage of the long-running bull market.     According to the Investment Company Institute’s latest recordkeeper data contained in “Defined Contribution Plan... READ MORE