Ted Godbout

The House of Representatives’ overwhelming passage last week of the Securing a Strong Retirement Act (H.R. 2954, a.k.a SECURE 2.0) helps set the stage for action by the U.S. Senate later this year, Brian Graff explained at the April 3 opening session of the 2022 NAPA 401(k) Summit in Tampa, FL.  “... READ MORE

The Bay State’s fiduciary rule encountered a major setback when a Massachusetts judge on March 30 invalidated the March 2020 rule that imposed a heightened fiduciary conduct standard on broker dealers and agents.  The March 30 ruling by Suffolk County Superior Court Judge Michael Ricciuti held... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE