Ted Godbout

The ERISA Advisory Council has released a 72-page summary report offering recommendations to address gaps in retirement savings based on race, ethnicity and gender.  As part of its 2021 study topics, the Council examined the underlying causes for gaps in retirement security experienced by people... READ MORE

Sustainable funds in the U.S. broke nearly every previous record in 2021, according to Morningstar’s annual Sustainable Funds U.S. Landscape report.  According to the firm’s data, sustainable funds attracted nearly $70 billion in net flows in 2021, which was a 35% increase over the previous record... READ MORE

Economic confidence among many Americans is dropping in the current inflationary environment, with perceived financial health down from the start of 2021 but a top priority in 2022, a new survey finds. According to a new annual Wealth & Wellness Index published by Empower Retirement and... READ MORE

Even with a long-term view of retirement among savers, the difficulties of the past year were enough to prompt changing outlooks on retirement and a significant shift in employment trends, according to a new survey.   Examining the attitudes and savings of working adults and retirees, Allspring... READ MORE

With Wall Street having another banner year, 2021 apparently was the year of standing pat, as 401(k) investors were content to watch their balances grow, according to the Alight Solutions 401(k) Index. Net trading activity for the year was only 0.53% of balances, the lowest on record for the 401(k... READ MORE

Against a backdrop of record-setting litigation and workforce management challenges, many retirement plan committees are asking what steps they can take to put participants on a path to creating a fully funded retirement income stream. To address those challenges and more, a new blog post from... READ MORE

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... READ MORE

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... READ MORE

While the current environment appears ripe for self-directed brokerage accounts (SDBAs) as various plan participants welcome the opportunity to select investments that reflect their values and priorities, plan sponsors should carefully consider the tradeoffs, a new study suggests.   While SDBAs... READ MORE