While retirement readiness has improved over the past two years for many DC plan participants, new data bolsters the case that the chances of achieving retirement readiness are highest when plan sponsors take advantage of automatic plan features.  According to John Hancock Retirement’s most recent... READ MORE

  Key findings from Vanguard’s study show that savings rates remain steady and that automatic features helped improve retirement readiness, but beyond the top headlines are some other important benchmarks.  In fact, despite ongoing challenges with the pandemic, inflation reaching the highest... READ MORE

Charles Schwab has agreed to settle claims brought by the SEC that three of its investment adviser subsidiaries failed to disclose and misled clients about alleged hidden fees with respect to its robo-adviser cash fund allocations.  To settle the charges, the subsidiaries agreed to pay $187... READ MORE

Coming on the heels of the latest trustees’ report showing that Social Security faces long-term funding problems, legislation has been introduced in both the House and Senate that seeks to expand benefits by $2,400 a year and fully fund it for the next 75 years.  The Social Security Expansion Act... READ MORE

The Senate Health, Education, Labor and Pensions (HELP) Committee is set to move forward on legislation intended to build off the House-passed SECURE Act 2.0. After formally introducing the “Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg” (RISE... READ MORE

The Great Resignation is showing signs of slowing, but there is a significant disconnect between management and employees on what it takes to retain workers in the post-COVID work environment. Nationwide’s latest Agency Forward survey suggests the Great Resignation trend may be cooling, as few... READ MORE

While a growing number of investors are interested in cryptocurrencies and the appropriateness of investing crypto in retirement plans is a hotly debated topic, a new white paper suggests they are a poor choice for long-term investors. The latest crypto collapse, driven in large part by the design... READ MORE

This year’s Social Security Trustees Report reveals both good and bad news on the current and long-term projected financial status of the program. According to the Social Security Board of Trustees’ annual report released June 2, the asset reserves of the Old-Age and Survivors Insurance (OASI)... READ MORE

Despite market turbulence, participants within self-directed brokerage accounts (SDBAs) did not make significant changes to their investments over the course of the first quarter.   According to Charles Schwab’s latest SDBA Indicators Report on plan participant investment activity within SDBAs,... READ MORE