Ted Godbout
By Ted Godbout 1/19/2022
An annual survey which looks at changes employers intend to make to their benefit plans in the year ahead finds that financial wellbeing and retirement readiness remain the top priorities.
Like prior years, 28% of large employers said they are most focused on addressing broad financial wellbeing...
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By Ted Godbout 1/18/2022
After dying in 2020, a proposal to tax financial transactions—including those in 401(k) plans—is once again before the Garden State’s legislature.
During the start of the New Jersey legislative session this week, Assemblyman John McKeon (D-Essex and Morris) reintroduced legislation (A1757) on Jan...
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By Ted Godbout 1/14/2022
The old adage of “if at first you don’t succeed, try, try again” appears to apply to the nominee to lead the Employee Benefits Security Administration (EBSA).
For the second time in less than two months, the Senate Health, Education, Labor and Pensions (HELP) Committee approved the nomination of...
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By Ted Godbout 1/12/2022
Senate Democrat leadership hoped to start fresh in 2022 with an attempt to revisit the nearly $2 trillion Build Back Better legislation, but that effort appears to have hit another snag.
According to a report in Politico, Sen. Joe Manchin (D-WV) told reporters that talks on the BBB legislation...
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By Ted Godbout 1/12/2022
Amid the financial challenges of the pandemic and the Great Resignation, a new survey finds that employees are demanding more support from employers than ever.
The survey from Betterment’s 401(k) business found that, above in-office perks and vacation time, financial benefits are now a top priority...
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By Ted Godbout 1/11/2022
Despite concerns about inflation and rising costs, many Americans are optimistic they will be in a better financial position in 2022, and are making new saving and spending resolutions.
According to Fidelity Investments’ 13th annual New Year’s Financial Resolutions Study, more than 6 in 10 (62%)...
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By Ted Godbout 1/5/2022
Despite a number of challenges, total U.S. retirement assets were down only slightly at the end of the third quarter of 2021, according to new data from the Investment Company Institute.
The organization’s quarterly market data release shows that total U.S. retirement assets were $37.4 trillion as...
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By Ted Godbout 1/4/2022
A new study looks at the impact of the first state-sponsored auto IRA program on those who previously lacked access to a plan.
In Auto-Enrollment Retirement Plans in OregonSaves, authors John Chalmers with the University of Oregon, Olivia S. Mitchell of the University of Pennsylvania, Jonathan...
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By Ted Godbout 1/4/2022
The nominee to lead the Employee Benefits Security Administration (EBSA) appears to be back on track.
While it appeared the nomination of Lisa Gomez to serve as Assistant Secretary for EBSA at the Department of Labor was in jeopardy after having been included in a list of nominees that would not...
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By Ted Godbout 1/4/2022
Amid rising student loan debt and a changing retirement landscape, today’s early- and mid-career employees’ financial picture looks markedly different compared with prior generations, according to a new study by EBRI.
When considering the financial picture of mid-career professionals, EBRI finds...
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By Ted Godbout 12/30/2021
Looking ahead to next year, there are a number of evolving issues and threats that defined contribution plan sponsors need to be prepared for, a new white paper suggests.
“As we turn our sights to 2022, the memories of the last two years serve as motivation to focus our efforts on continued...
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By Ted Godbout 12/29/2021
Despite advancing through the Senate committee process in early December, the nominee to lead the Employee Benefits Security Administration (EBSA) may be in jeopardy.
The Senate Health, Education, Labor and Pensions (HELP) Committee approved the nomination of Lisa Gomez to serve as Assistant...
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By Ted Godbout 12/29/2021
Findings from the Society of Actuaries’ latest biennial survey examining the retirement risks by those nearing retirement and those already retired reveals significant differences in how the pandemic affected the two groups.
“The impact of this crisis is complicated because while it caused...
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By Ted Godbout 12/28/2021
While Americans worried most about the impact of the COVID-19 pandemic in 2021, they now see rising inflation as the biggest risk to their retirement plans.
According to Allianz Life’s annual New Year’s Resolutions Study, nearly half (48%) of respondents identified the pandemic as the most...
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By Ted Godbout 12/28/2021
Institutional investors are expressing confidence in the projected market conditions of 2022, but they also think individual investors are carelessly speculating on high-risk investments.
In fact, nearly half of institutional investors expect economic growth to return to pre-COVID levels in 2022...
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By Ted Godbout 12/10/2021
Legislation supported by the American Retirement Association that would make permanent retirement plan tax relief measures following a presidentially declared disaster was introduced Dec. 9.
The bipartisan Disaster Retirement Savings Act, introduced by Reps. Mike Thompson (D-CA) and Mike Kelly (R...
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By Ted Godbout 12/9/2021
While most U.S. workers say they are saving for retirement through employer-sponsored plans or other means, a much smaller percentage say they are “very confident” they will be able to retire fully and comfortably.
According to the 320-page Compendium of Findings About the Retirement Outlook of U....
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By Ted Godbout 12/9/2021
Despite many Americans admitting that they are behind schedule on saving for retirement, many also say they have been saving as much or more since the pandemic began.
According to a Bankrate survey of 2,225 American adults conducted from Oct. 20-22, 2021, nearly 63% of workers report that they...
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By Ted Godbout 12/7/2021
Developing solutions for more Americans to have lifetime income options within their retirement plans is one of the Department of Labor’s key priorities for the coming year, according to Kathleen Kennedy Townsend.
As a keynote speaker at the opening of EBRI’s Winter Policy Forum, Townsend, who...
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By Ted Godbout 12/3/2021
Total expenses for institutional investors have fallen 5% since 2015, according to Callan’s 2021 Cost of Doing Business Survey, marking the first decrease in the history of the survey.
Institutional investors paid an average of 54.2 basis points for total fund expenses, with the vast majority of...
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