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Ted Godbout
By Ted Godbout | 7/11/2017
Automatic enrollment is the single most important feature an employer can adopt for Millennials and new hires to participate in a company’s DC plan, according to a new study from Wells Fargo.Based on an analysis of four million people who participate in 401(k) plans provided by the firm, Wells...
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By Ted Godbout | 7/11/2017
Despite last year’s positive market conditions and relatively upbeat investors, overall satisfaction among financial advisors with their firms declined last year and the drop is highest among top producers, J.D. Power warns in a new report.According to the firm's 2017 U.S. Financial Advisor...
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By Ted Godbout | 7/10/2017
Regardless of income level, more than 60% of respondents in a new survey by MassMutual agree that they are behind when it comes to preparing for retirement, and many expressed a need for more education about retirement savings and personal financial management.The overall survey results show...
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By Ted Godbout | 7/7/2017
While the most commonly used advisor compensation method remained flat basis points, more plans are electing a tiered method, according to a new report by Ascensus.The report, “Inside America’s Savings Plans,” shows that flat basis points declined by four percentage points, from 91% in 2011 to 87%...
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By Ted Godbout | 7/5/2017
Like their large corporation counterparts, small business 401(k) plans are increasingly implementing best-in-class design features to improve the retirement readiness of their employees, Vanguard says in a recent report.The growing use of automatic enrollment, target-date funds, employer...
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By Ted Godbout | 7/3/2017
After conducting a comprehensive evaluation of health savings account (HSA) providers, Morningstar suggests in a new report that there is much room for improvement in the products that are currently available.Morningstar evaluated 10 of the largest HSA plan providers from the perspective of using...
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By Ted Godbout | 6/30/2017
Fewer organizations are offering DC plan hardship withdrawals, plan loans and online retirement investment advice compared with five years ago. However, one-on-one and group/classroom-style investment retirement advice remains unchanged over the same period, according to new survey results from the...
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By Ted Godbout | 6/30/2017
While savings rates continue to increase and average 401(k) account balances across most age groups continue to grow, the average deferral rate across all age groups still appears to be running lower than needed at just 5.5%, Ascensus says in a new report.The report, “Inside America’s Savings Plans...
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By Ted Godbout | 6/30/2017
T. Rowe Price’s Retirement Plan Services unit saw the biggest one-year increase in Roth contribution offerings in its clients’ 401(k) plans in 2016 — up 10 percentage points, to 61% of the plans for which it provides recordkeeping services.Announcing the results as part of its annual “Reference...
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By Ted Godbout | 6/26/2017
Tech-savvy “eAdvisors” are outperforming their peers across several metrics, leading to key distinctions between those who utilize technology to their advantage and those who don’t — including attracting more high-net-worth clients and earning higher compensation, according to a new study.Fidelity’...
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By Ted Godbout | 6/26/2017
Finding more holistic, intertwined financial management solutions to help Millennials tackle their student loan debt and assist them in saving more effectively for retirement was a key takeaway at a June 21 forum sponsored by the Women’s Institute for a Secure Retirement (WISER).Entitled “The...
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By Ted Godbout | 6/23/2017
Senate Republican leaders have unveiled a much-anticipated and broad-based health care reform legislation that includes significant expansions and enhancements to health savings accounts (HSAs).Following the May 4 House passage of legislation to repeal the Affordable Care Act, the Senate has been...
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By Ted Godbout | 6/22/2017
Sometimes on Capitol Hill, what’s old is new again, as two bipartisan retirement policy bills from the last session of Congress were reintroduced this week.One bill would make it easier for businesses to join a multiple employer plan (MEP), among other changes to the tax code. The other would make...
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By Ted Godbout | 6/20/2017
The good news: More than 80% of Millennials are currently saving for retirement. The bad news: More than 60% are saving at inadequate levels. Those findings are from a new survey by Pentegra Retirement Services.Of the Millennials who are saving, 37% are contributing at least 5% of their salary into...
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By Ted Godbout | 6/20/2017
Environmental, social and governance (ESG) considerations in investment decisions are growing in importance and could help increase retirement plan participation and contribution rates, according to results from Natixis Global Asset Management’s 2017 ESG Report.The survey of 7,100 individuals from...
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By Ted Godbout | 6/19/2017
DC plans were on the receiving end of strong market performance during the first quarter of this year, rising 4.67%, its highest quarterly return since year-end 2013, according to the latest Callan DC Index.Despite the strong gains, Callan notes that its DC Index, which tracks performance, asset...
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By Ted Godbout | 6/16/2017
Steady growth in the adoption of Roth plans is anticipated by plan sponsors, given the feature’s tax diversification benefits, according to Vanguard’s How America Saves 2017 report.The percentage of Vanguard plans offering a Roth feature increased to 65% at year-end 2016, compared to 49% that ...
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By Ted Godbout | 6/16/2017
Despite feeling more optimistic and confident about retirement, competing financial priorities are getting in the way of participants achieving their retirement savings goals, new research from the Lincoln Financial Group shows.The 2017 Lincoln Retirement Power Participant Study, which looks at...
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By Ted Godbout | 6/16/2017
Many people are still not taking all of the steps they should to prepare for retirement and are relying on uncertainties like receiving an inheritance in planning their retirement income funding, according to a recent survey by Natixis Global Asset Management.The nationwide survey found that 78% of...
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By Ted Godbout | 6/14/2017
The vast majority of DC plan participants continued making contributions to their plans in 2016 and most “stayed the course” with their asset allocations, according to the latest findings of the Investment Company Institute’s recordkeeper survey.Consistent with activity in prior years, the...
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