Ted Godbout

With the pandemic leading many employees to focus more on workplace financial benefits, a new study finds that nearly all HR executives are placing a priority on reevaluating such benefits for 2022.  Findings from Morgan Stanley at Work’s inaugural State of the Workplace Financial Benefits Study... READ MORE

According to an announcement by the program’s board, MarylandSaves will begin offering its new automatic workplace retirement and emergency savings program starting next summer. Created by legislation that went into effect on July 1, 2016, MarylandSaves is a state-sponsored program that seeks to... READ MORE

The number of Gen Z investors across the firm’s retirement platform nearly doubled from a year ago, according to Fidelity’s third quarter retirement analysis, reaching a record 1.4 million.  And while it’s still early in their careers, Fidelity’s data suggests that Gen Zers (born between 1997-2012... READ MORE

Account holders apparently are still using their HSAs for health care spending instead of taking full advantage of saving and investing their accounts for health care expenses in retirement, a new report finds.  According to Lively’s second annual HSA Account Holder Insights report, account... READ MORE

The chairman and ranking member of the House Education and Labor Committee have introduced—and plan to act on—bipartisan legislation that shares some overlap with SECURE Act 2.0. The Retirement Improvement and Savings Enhancement (RISE) Act (H.R. 5891) was introduced Nov. 5 by committee Chairman... READ MORE

New research finds that in a year of widespread isolation due to the pandemic, remote and virtual meetings resulted in connecting with more plan participants because of greater flexibility and accessibility.  The research by Transamerica centered on how retirement plan sponsors and participants on... READ MORE

Legislation that would increase Social Security benefits through various reforms to the system, including a payroll tax increase, is set to be reintroduced in the House of Representatives.   Following the Oct. 12 announcement that the Social Security cost of living adjustment for 2022 will be 5.9... READ MORE

Despite feeling ongoing stress, most employees are satisfied with their current benefits package and appreciate their employer’s response to improve overall well-being, according to EBRI’s second annual Workplace Wellness Survey.   Conducted by EBRI and Greenwald Research, this year’s survey finds... READ MORE

Ali Khawar, Acting Assistant Secretary for the DOL’s Employee Benefits Security Administration (EBSA), strongly intimated today that there will be an extension of some kind on the enforcement effective date for Prohibited Transaction Exemption 2020-02. In remarks made at the ASPPA Annual... READ MORE