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BY John Iekel 4/12/2024
Legislation that would put in place automatic enrollment of eligible private-sector employees in the Hawaii Retirement Savings Program is one step closer to passage.
On April 9, the state House of Representatives passed SB 2553, a measure that would change that. Under the bill, employees would no...
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BY NAPA Net Staff 4/12/2024
Nominations are now being accepted for American Retirement Association’s 2025 Board of Directors.
Elected at-large members of the Board of Directors serve for one term of three calendar years.
Nominees must be nominated by at least two members to be considered.
Submit a nomination today!
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BY John Sullivan 4/12/2024
Retirement income is all the rage—or at least the idea of retirement income is all the rage.
Advisors, plan sponsors, and, yes, participants increasingly acknowledge the need for some sort of guaranteed income stream to combat longer life spans and, thus, longer retirements.
It was a major...
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BY Nevin E. Adams, JD 4/12/2024
Well, here we are again at the end of yet another workweek … and yet, just look at what has happened to these guys and gals…
In Venice, Florida, Mary Hollenback was at home when she heard banging at her front screen door…figuring it was someone at the wrong house, she got up and prepared to share...
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BY Ted Godbout 4/11/2024
An annual analysis that tracks the overall performance of 401(k) plans both by industry and by company size finds considerable variations between the top and lowest performers.
Results from Judy Diamond Associates’ eighth annual 401(k) Plan Benchmark Report show that the top five industries with...
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BY John Sullivan 4/11/2024
The White House's Office of Management and Budget (OMB) has completed its review of the Retirement Security Rule, and it is expected to be released by the Department of Labor (DOL) by the end of the month, according to reliable sources.
The OMB concluded its review and removed the rule from its...
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BY Ted Godbout 4/10/2024
A group of 55 House Democrats is urging officials at the Department of Labor (DOL) and White House regulatory affairs office to expedite their review of the DOL’s proposed investment advice fiduciary rule, noting that it will “strengthen critically needed guardrails.”
Led by Rep. Maxine Waters (D-...
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BY Ted Godbout 4/10/2024
We’re still several months away from knowing what the final Social Security cost of living adjustment (COLA) will be for 2025, but the federal government's inflation data for March has pushed the COLA estimate higher, while dampening hope for future rate cuts.
According to the March Consumer Price...
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BY Doug Heffernan and Mark Rosenfeld 4/10/2024
Is ChatGPT sufficiently reliable to provide advice on employee benefits matters? Not yet, but ChatGPT and generative artificial intelligence (AI) may likely be useful tools for employee benefits attorneys in the future.[1]
We asked ChatGPT 3.5 to solve a common issue: an individual made deferrals...
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BY Joey Santos-Jones 4/10/2024
On Monday, at the NAPA 401(k) Summit in Nashville, Tenn., a workshop titled "Understanding the 403(b) Plan Marketplace for 401(k) Practitioners" featured discussions led by Nathan Glassey and Kelsey Mayo. The workshop provided plan advisors with insights into the opportunities available in...
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