Ted Godbout

In a testament to the willingness of plan sponsors to implement smart plan design, retirement plan participants broke new savings records in 2021, yet there is still more to be done, according to Vanguard’s newest edition of How America Saves.  The firm notes that it saw record-high participation... READ MORE

Based on updates to the Department of Labor’s Spring 2022 regulatory agenda, it appears that stakeholders will have to wait a little longer for the agency’s revisions to the definition of fiduciary, as well as final guidance on ESG-based factors and additional Form 5500 changes.  Fiduciary Rewrite... READ MORE

Bipartisan legislation that would make it easier for small businesses to offer retirement plans and that has the backing of the American Retirement Association has been introduced in the House of Representatives.  Reps. Linda Sánchez (D-CA) and Darin LaHood (R-IL)—both of whom are members of the... READ MORE

​We’re still a few months away from knowing the official amounts, but with inflation at a 40-year high, early projections suggest that the 2023 qualified retirement plan limits could see a record increase.  “With only four months remaining for federal fiscal year (FFY) 2022, our forecast of the... READ MORE

While retirement readiness has improved over the past two years for many DC plan participants, new data bolsters the case that the chances of achieving retirement readiness are highest when plan sponsors take advantage of automatic plan features.  According to John Hancock Retirement’s most recent... READ MORE

The Great Resignation is showing signs of slowing, but there is a significant disconnect between management and employees on what it takes to retain workers in the post-COVID work environment. Nationwide’s latest Agency Forward survey suggests the Great Resignation trend may be cooling, as few... READ MORE

Following a month when there were no above-normal trading days despite high levels of market volatility, 401(k) traders seemingly decided to change course in May.  According to Alight’s May 2022 401(k) Index, 12 of 21 days in May had above-normal 401(k) trading activity, but no day exceeded three... READ MORE

The Senate Health, Education, Labor and Pensions (HELP) Committee is set to move forward on legislation intended to build off the House-passed SECURE Act 2.0. After formally introducing the “Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg” (RISE... READ MORE

It’s not just longevity that’s changing people’s retirement journey, but also a growing awareness of their potential longer life is changing Americans’ expectations, attitudes and preparations. In fact, despite worries about health care and long-term care costs in retirement, a new study finds... READ MORE