Ted Godbout

The average individual 401(k) and IRA balances of Fidelity clients dipped a bit in the first quarter of 2018 compared to the previous quarter, but year-over-year increases remained strong.According to Fidelity Investments’ most recent quarterly analysis of retirement savings trends and behaviors,... READ MORE

For the second time in as many days, the U.S. Court of Appeals for the 5th Circuit has denied a motion to reconsider its decision denying three states’ motion to intervene in litigation involving the Department of Labor’s fiduciary rule. In a May 16 filing, the states of California, New York and... READ MORE

The House Education and the Workforce Committee’s Subcommittee on Health, Employment, Labor and Pensions heard testimony May 16 on four retirement-related bills that members are confident will be approved before Congress adjourns for the year. The hearing generally was viewed as an attempt to... READ MORE

With many workers still lacking access to a retirement plan set against the backdrop of a growing gig economy, vital changes to existing retirement program strategies are needed, attendees at a May 8 policy forum in Washington, DC were told. At the forum, “Defined Contribution: The Next Frontier... READ MORE

As anticipated, the Department of Labor (DOL) has extended until further notice its temporary enforcement policy relating to its rule defining who is a fiduciary and the associated prohibited transaction exemptions. In Field Assistance Bulletin 2018-02, the DOL advised that based on questions... READ MORE

How do you increase retirement security for 80 million 401(k) account owners? By making electronic delivery of 401(k) plan information the default method for communicating with plan participants. This has the potential to significantly improve the retirement security of millions of Americans... READ MORE

If you’re a young Millennial, can you imagine what you and the world will be like when you’re 80? To get a better sense, a new study examines how the largest generation in the current U.S. workforce envisions progress over the next 50 years.Being at the center of changes being driven by technology... READ MORE

Speculation continues to swirl on whether the Department of Labor will appeal the ruling by the 5th U.S. Circuit Court of Appeals vacating the fiduciary rule, but time is running short.At the April 15 opening session of the NAPA 401(k) Summit in Nashville, the Groom Law Group’s David Levine and The... READ MORE

Is your firm still using outdated marketing practices to try to generate new leads? That apparently won’t cut it if you want to survive in today’s market.    To increase your reach with potential clients and solidify your brand, it is essential to move beyond outdated marketing efforts by... READ MORE