Ted Godbout

Two key members of Congress are interested in learning more about potential threats cyberattacks pose to the U.S. retirement system and what industry stakeholders are doing to address them. In a Feb. 12 letter to the U.S. Government Accountability Office (GAO), Sen. Patty Murray (D-WA), ranking... READ MORE

Consumers tend to worry about “high-touch” products, such as credit cards and bank accounts, more than they worry about long-term savings accounts, such as their workplace retirement plans and IRAs, a new study warns. Nearly 80% of American consumers are concerned about financial fraud, according... READ MORE

Nevada’s Office of the Secretary of State, Securities Division, on Jan. 18 released draft regulations defining the state’s new fiduciary standard based on legislation enacted by the state’s legislature in 2017 – the first of several states to do so. There does not appear to be an ERISA exemption,... READ MORE

While much of Washington has been focused on the government shutdown, House Democrats kicked off the 116th Congress by implementing a series of changes to the standing rules that will will make it harder for Congress and President Trump to agree on major legislation. Perhaps one of the more... READ MORE

waning days of the 115th Congress, the bipartisan duo of Sens. Rob Portman (R-OH) and Ben Cardin (D-MD) unveiled one of the most comprehensive pieces of retirement security legislation proposed in this congressional session. The 121-page “Retirement Security and Savings Act of 2018,” introduced... READ MORE

Will the 115th Congress act on a broad tax and retirement savings package before adjourning? It looks like we’ll have to wait a little longer to find out. Following the memorial events following the death of President George H.W. Bush, lawmakers approved a two-week funding extension on Dec. 6 to... READ MORE

HSAs continue to increase in popularity thanks to their triple tax advantages and increased adoption in health plans, but there is room for improvement, according to a new study. Morningstar’s second annual study assessing HSAs from 10 of the largest providers finds that most have improved the... READ MORE

There are a surprising number of “yes” answers to this question, but not necessarily for the reasons you might think. The LIMRA Secure Retirement Institute recently followed up on a 2016 survey that found that more than half (55%) of plan sponsors said they would be “very” or “somewhat” likely to... READ MORE

The Department of Labor (DOL) wants to know what you think about auto-portability. In a Nov. 7 request for comments, the DOL noted that employees leaving their current place of employment with small account balances in the company’s 401(k) plan often either take a distribution of their retirement... READ MORE