“403(b)s are not 401(k)s, and damage is done by not understanding the difference,” PenServ Plan Services President Sue Diehl emphasized at the outset of a session dedicated to a comparison of the two at the ERISA 403(b) Advisor Conference in Washington, D.C. on Monday. She then listed several... READ MORE

Fraud involving faulty distributions and takeovers of client accounts and retirement plans is an ongoing concern, and the anxiety over potentially losing savings that took a career to build (and just who might be liable) is growing. High-profile lawsuits from participants over security breaches—a... READ MORE

Student loans are again making headlines, and October marks the resumption of payments for borrowers after a lengthy COVID-related hiatus, a politically controversial issue affecting over 45 million Americans. One would think it would mainly impact younger workers, yet “even seasoned employees are... READ MORE

Vestwell continued its march on state-sponsored private retirement plans on Tuesday and announced that New Jersey has selected the company as its program administrator for the Secure Choice Savings Program. “The partnership will provide New Jersey residents with access to modern retirement plans... READ MORE

Democrats have reintroduced a bill during President Biden’s ongoing battle over student debt forgiveness to restore federal protections for Social Security benefits to prevent them from garnishment by the federal government for the repayment of all non-tax federal debt. Sen. Ron Wyden (D-Ore.)... READ MORE

The National Association of Plan Advisors (NAPA) has launched the NAPA Advisor Research Institute (NARI), a new and unique research arm dedicated to the retirement plan advisor industry, the organization announced Tuesday.  NARI is a strategic partnership between NAPA and the Retirement Leadership... READ MORE

SECURE 2.0 made it easy(er) for small businesses, in particular, to start and fund a retirement plan. Whether through the Starter 401(k), small employer tax credits, and other incentives, proponents hope keeping it simple will close the coverage gap. Digital 401(k) provider for small and medium-... READ MORE

House Republicans significantly increased their attacks on environmental, social, and corporate governance (ESG) investing on Wednesday, introducing four bills to either roll back or block the inclusion of ESG factors in retirement plans. The Education and the Workforce Committee said the bills “... READ MORE

They make it sound so simple. The Aspen Leadership Forum on Retirement Savings released a summary from their June meeting, which focused on “five big ideas about closing the access gap and making retirement savings work for everyone.” While it would seem like a complicated issue, participants,... READ MORE