Skip to main content

You are here

Ted Godbout

After enduring persistent stock market volatility throughout 2018 and the beginning of 2019, Americans seem to have adapted to this "new normal," a new study reveals.  Given the ongoing volatility, Americans remain cautiously optimistic, with one-third of respondents saying they are comfortable... READ MORE
The Garden State has formally proposed a new uniform fiduciary standard – and there’s some good news.  Issued April 15 by New Jersey Attorney General Gurbir Grewal and the state’s Bureau of Securities, the proposed rule would establish by regulation a common law fiduciary duty and apply it to... READ MORE
So you think your data is safe? It probably isn't, as keynote speaker Kevin Mitnick, “the world’s most famous hacker” and bestselling author, demonstrated at the 2019 NAPA 401(k) Summit.   Mitnick, once on the FBI’s Most Wanted list, is now a trusted security consultant to Fortune 500 companies... READ MORE
Increasing concern about transforming accumulated savings into a secure retirement is driving interest in income-generating vehicles via workplace retirement plans, according to new survey results. BlackRock’s DC Pulse Survey of more than 1,000 DC plan participants and more than 200 plan sponsors... READ MORE
The American Retirement Association is asking the ERISA Advisory Council to examine issues concerning the extent to which an ERISA-covered retirement plan may use plan assets to pay the costs associated with plan design changes and other features that encourage retirement savings. In an April 3... READ MORE
A pair of Senate Democrats, one of whom is a 2020 presidential candidate, introduced legislation on April 4 that would require businesses to pay at least 50 cents into an employee’s retirement savings plan for every hour worked.  Noting that 3 in 10 workers lack access to a workplace retirement... READ MORE
A bipartisan task force in Pennsylvania is recommending the establishment of a state-run auto-IRA program to help workers who don’t have access to a private-sector retirement plan.  The task force, which was established in September 2017 by State Treasurer Joe Torsella, released a report March 27 ... READ MORE
The most powerful committee in the U.S. House of Representatives has advanced a powerful piece of retirement reform legislation – unanimously. Signifying the importance of the issue, the first markup meeting of the House Ways & Means Committee for the 116th Congress on April 2 featured the... READ MORE
The House Ways & Means Committee has unveiled bipartisan retirement security legislation that it plans to consider April 2.  According to committee Chairman Richard Neal (D-MA), the committee will convene a markup that day to consider several bills, including the Setting Every Community Up for... READ MORE
Key members of Congress have introduced separate legislation to revamp the Internal Revenue Service as well and to make it easier for small businesses to offer retirement benefits.  Taxpayer First Act of 2019 House Ways & Means Oversight Subcommittee Chairman John Lewis (D-GA), Ranking Member... READ MORE
New survey results show that workers are highly concerned about their financial security, particularly in retirement, and they are counting on both Congress and their employers to provide solutions. Conducted on behalf of Prudential by Morning Consult, the sixth “American Workers Survey” finds... READ MORE
The House Ways & Means Committee will consider legislation on April 2 to expand retirement savings opportunities and reform the IRS’s administration and operating procedures, according to multiple press reports.   The outline for the legislation – the “Chairman’s mark” – could be released as... READ MORE
While today’s employees feel confident in their finances, the reality of their situations is not aligned with this confidence, a new report shows.  According to MetLife’s 17th annual U.S. Employee Benefit Trends Study, nearly two out of three people say they are confident in their finances, but... READ MORE
The fourth quarter 2018 market correction weighed on plan participants’ investment activity within self-directed brokerage accounts (SDBAs).  According to Charles Schwab’s SDBA Indicators Report, the average balance of the firm’s SDBAs fell to $246,153, a decline of 10.6% from the third quarter of... READ MORE
Following a slow start after 2018’s year-end market volatility, 401(k) investor trading activity again remained calm for February, reflecting a mostly positive performance for investors. According to the Alight Solutions 401(k) Index, February included only three trading days of above-normal... READ MORE
A majority of physical workers are confident about retiring with a comfortable lifestyle, but few appear to be on track to meet their estimated retirement income needs, according to a new global research report.   Physical workers are more likely than non-physical workers to say they are very/... READ MORE
A new study answers the question, “What do workers do with their retirement savings after they leave their employers?” – and when? To help plans better evaluate the distribution decisions people make when leaving employment, Alight Solutions takes a deep dive into the post-termination behavior of... READ MORE
Despite the 2018 market downturn, the projected retirement deficit for U.S. households has improved somewhat, though some remain at greater risk than others, according to new data from the Employee Benefit Research Institute. “Retirement Savings Shortfalls: Evidence from EBRI’s 2019 Retirement... READ MORE
President Trump’s fiscal year 2020 budget addresses the Administration’s high-priority items, such as increased spending for national security, but it doesn’t include much about retirement. Released by the White House’s Office of Management and Budget on March 11, the proposal – dubbed “A Budget... READ MORE
Since enactment of the Pension Protection Act in 2006, automaticity has been highly successful in improving retirement readiness. But new, highly personalized fintech advances may help drive retirement readiness to the next level, according to a new white paper.  Building on the success of auto-... READ MORE