Ted Godbout

A new survey-driven analysis of the Saver’s Match program enacted under the SECURE 2.0 Act finds that the program has the potential to be a “force multiplier” in helping lower-to-middle income Americans boost their retirement savings prospects.  More specifically, the analysis conducted by Boston... READ MORE

Nearly 4 in 10 compliance professionals from asset management, investment adviser, and private markets firms have yet to evaluate Artificial Intelligence (AI) as a cybersecurity risk, according to the findings of a new survey. What’s more, a similar amount has concerns about how the Securities and... READ MORE

The Department of Labor’s Employee Benefits Security Administration (EBSA) has released a final amendment to Prohibited Transaction Class Exemption 84-14—also known as the Qualified Professional Asset Manager (QPAM) Exemption. The QPAM exemption permits various parties related to employee benefit... READ MORE

As the Department of Labor works in court to defend its rule allowing the use of environmental, social and governance (ESG) factors by fiduciaries when selecting plan investments, legislation to restrict the use of ESG has been reintroduced in Congress, albeit with modifications.   Rep. Greg... READ MORE

If ever there were any doubts about the benefits of having a formal financial plan to help prepare for retirement, a new study by T. Rowe Price puts that to rest.  According to the firm’s report, individuals with a formal financial plan were found to have two to four times more wealth when... READ MORE

Even with other ongoing financial struggles, retirement savers ended the year on a positive note with improved market conditions and consistent contributions helping boost average account balances to their highest level in nearly two years.  The good news comes from Fidelity’s Q4 2023 analysis,... READ MORE

The release of final changes to the Department of Labor’s popular Voluntary Fiduciary Correction Program (VFCP) is apparently on the horizon, according to recent comments made by a senior agency official.  Speaking Feb. 27 at the U.S. Chamber of Commerce’s Small Business Retirement Summit,... READ MORE

A hearing that was billed as “taking a serious look at the retirement crisis in America” with a focus on improving the defined benefit system ended with witnesses agreeing that some reforms are needed, but calling for drastically different measures. The Feb. 28 hearing was held by the Senate... READ MORE

Congress’ watchdog agency apparently thinks so. That was one of the recommendations in a newly released report by the Government Accountability Office (GAO).  A “pension dashboard” could be useful in the United States to help participants track their retirement savings when they change jobs, but... READ MORE