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Ted Godbout

By Ted Godbout | 6/12/2019
An annual bellwether report on corporate retirement plans finds that the retirement readiness for participants in those plans is brighter due to plan design enhancements and adoption of prudent investing practices.  In fact, the usage of automatic enrollment has tripled since year-end 2007 and has... READ MORE
By Ted Godbout | 6/12/2019
Following a contentious markup session, a key House Committee approved legislation on June 11 that would address the funding problems facing multiemployer pension plans.  The House Education & Labor Committee’s approval of an amended version of the Rehabilitation for Multiemployer Pensions Act... READ MORE
By Ted Godbout | 6/12/2019
Participant trading activity among 401(k) investors edged up last month, with May seeing the highest monthly net trades so far this year.   Amid a declining month on Wall Street, the Alight Solutions 401(k) Index shows that net trades in May amounted to 0.21% of balances. Additionally, there were... READ MORE
By Ted Godbout | 6/11/2019
Registered investment advisors appear to be missing a key business opportunity by not offering health savings accounts to their clients, according to the results of a new survey. Nearly 60% of RIAs polled by HSA provider HealthSavings Administrators are not offering HSAs to their clients, and... READ MORE
By Ted Godbout | 6/10/2019
The ink is not yet dry on the SEC’s new investment advice package, but the prospects of a looming legal battle have already surfaced.  The SEC voted 3-1 on June 5 to put in place a new “best interest” standard of conduct for broker-dealers – the Regulation Best Interest – along with a new Form CRS... READ MORE
By Ted Godbout | 6/10/2019
New research shows that large, top-performing RIA firms are outperforming their peers by investing in people, technology and acquisitions as part of a long-term strategic plan.  According to the data gathered for TD Ameritrade Institutional’s annual FA Insight Study of Advisory Firms, the top-tier... READ MORE
By Ted Godbout | 6/7/2019
Following House passage of the bipartisan SECURE Act last month, it looked like the legislation was headed for quick enactment. Since then, however, the realities of the Senate’s legislative process appear to have taken over.    A quick recap from where we last left off: On May 23, the House... READ MORE
By Ted Godbout | 6/6/2019
As the SEC was voting on its final investment advice rulemaking package, a Capitol Hill hearing was taking place to consider President Trump’s nominee to fill the open Democratic commissioner's seat.  The June 5 hearing to consider Allison Lee’s nomination to fill the vacant seat on the Commission... READ MORE
By Ted Godbout | 6/6/2019
On June 5, the Securities and Exchange Commission voted 3-1 along party lines to put in place new standards for broker-dealers and investment advisers – including some new considerations regarding retirement plan rollover recommendations. The lone “no” vote (on all four issues before the SEC) came... READ MORE
By Ted Godbout | 6/5/2019
A large majority of individuals say they are comfortable financially, but many also report that they are struggling to save for retirement, according to the Federal Reserve Board. It its latest “Report on the Economic Well-Being of U.S. Households,” the Fed found that most measures of economic... READ MORE
By Ted Godbout | 6/4/2019
While speculation has run rampant over the past several months, we may finally get some answers today about what the Securities and Exchange Commission’s final investment advice rulemaking will encompass.  At a public hearing scheduled to begin at 10:00 a.m. ET today, the SEC is scheduled to... READ MORE
By Ted Godbout | 5/31/2019
Not all broker-dealers and investment advisers are adequately addressing the various security risks in relation to their network storage solutions, which could result in unauthorized access to information stored on the device, according to a new SEC Risk Alert.   During recent examinations, staff... READ MORE
By Ted Godbout | 5/28/2019
To help alleviate a perceived crisis of confidence among participants, retirement plan providers should rethink their approach when it comes to both digital tools and human advisors, a new report suggests.  According to J.D. Power’s 2019 U.S. Retirement Plan Participant Satisfaction Study, now in... READ MORE
By Ted Godbout | 5/23/2019
The federal government’s updated Spring 2019 unified regulatory agenda sheds some light on prospects for the Department of Labor’s next steps on a fiduciary rule revamp.  The DOL’s updated regulatory agenda confirms that the agency has set a target date of December 2019 to issue a Notice of... READ MORE
By Ted Godbout | 5/23/2019
UPDATED: May 24, 2019, at 9:30 a.m. (ET) One of the most consequential pieces of retirement security legislation in more than a decade has been approved overwhelmingly by the U.S. House of Representatives.     In a May 23 House floor debate that featured much praise and few objections, the... READ MORE
By Ted Godbout | 5/22/2019
New data shows that the average balances for self-directed brokerage accounts bounced back from the sharp losses seen at the end of 2018.   According to Charles Schwab’s latest SDBA Indicators Report, which analyzes investment trends from 137,000 retirement plan participants who currently invest... READ MORE
By Ted Godbout | 5/22/2019
An annual 401(k) plan benchmarking report finds that the top five industries with the best plans continue to outpace the competition for the third year in a row.   Judy Diamond Associates’ fourth annual 401(k) Plan Benchmark Report, which tracks the overall performance of plans by industry and... READ MORE
By Ted Godbout | 5/22/2019
Bipartisan legislation calling on the SEC to revise its definition of small businesses to help ensure that the commission more broadly considers the burden of its regulations on small investment advisers has been reintroduced in Congress.   The Investment Adviser Regulatory Flexibility Improvement... READ MORE
By Ted Godbout | 5/21/2019
When it comes to living a comfortable retirement and having enough money to retire, workers throughout the world share many of the same concerns, according to a new global survey.  The most frequently cited retirement concerns are declining physical health (50% global and 44% U.S.) and running out... READ MORE
By Ted Godbout | 5/21/2019
The House of Representatives is moving forward with its promise to approve the Setting Every Community Up for Retirement Enhancement (SECURE) Act during the month of May. On May 21, the House approved on a party-line vote the so-called “rule” for the SECURE Act (H.R. 1994) – a key procedural... READ MORE

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