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Ted Godbout
By Ted Godbout | 5/9/2022
In contrast to the stereotype of Millennials as entitled beneficiaries of their parents’ wealth, Millennials have grown up and it turns out they are financially disciplined, focused and responsible.
In fact, the oldest members of the generation born between 1981 and 1996 are now in their 40s, and...
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By Ted Godbout | 5/9/2022
In April, equity markets posted their worst month in more than two years, but 401(k) investors were holding firm, according to Alight’s April 2022 401(k) Index.
Surprisingly, there were no above-normal trading days in April, and on average, 0.011% of 401(k) balances were traded daily, the firm...
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By Ted Godbout | 5/6/2022
With the full compliance date for the SEC’s new marketing rule fast approaching, firms need to be working towards updating their policies and procedures, advises a new white paper from The Wagner Law Group.
In fact, the marketing rule is the first significant change to the Commission’s rules in...
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By Ted Godbout | 5/6/2022
As businesses contend with geopolitical issues, interest rate hikes and a shifting labor force, improving the employee experience is key for retention, the findings in a new report suggest.
Consequently, the significant role employee benefits play is more important than ever, according to the...
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By Ted Godbout | 5/5/2022
A new survey finds that small employers are interested in learning more about pooled employer plans, although there is still some hesitancy on the road to implementation.
In fact, more than half of smaller employers surveyed by the Secure Retirement Institute (SRI) that are considering a DC plan...
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By Ted Godbout | 5/5/2022
The Department of Labor’s March warning about cryptocurrency, along with Fidelity’s decision to move forward with a new “digital assets” capability for 401(k) plans, has set off a firestorm in Washington.
One of the latest developments comes from Sen. Tommy Tuberville (R-AL) who has introduced...
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By Ted Godbout | 5/4/2022
The Securities and Exchange Commission is not taking things lightly when it comes to protecting investors in crypto markets and from cyber-related threats.
The Commission announced May 3 that it is allocating 20 additional positions to the newly renamed Crypto Assets and Cyber Unit (formerly...
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By Ted Godbout | 5/4/2022
Final regulations implementing changes under the SECURE Act updating the Form 5500 filing requirements and instructions for a group of plans (GoP) may be released in the coming weeks.
The White House’s Office of Management and Budget completed its review of the final regulations (RIN: 1210-AB97...
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By Ted Godbout | 5/4/2022
The impact of the pandemic over the last two years has prompted businesses of all sizes to reevaluate their benefit packages—and small businesses are no exception.
In fact, nearly all small business owners surveyed (93%) have reevaluated their strategy and plan to make changes to their business...
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By Ted Godbout | 5/3/2022
After a year in which many consumers had to rely heavily on digital tools for their financial needs, self-reported “financial experts” use digital tools more often than others, a recent survey finds.
According to KeyBank’s 2022 Financial Mobility Survey, 4 in 10 Americans say that access to...
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By Ted Godbout | 5/2/2022
Employee-owners of privately held S corporations benefit from far better retirement savings and job security than other U.S. workers, a new report by Ernst & Young contends.
The analysis, which EY conducted on behalf of Employee-Owned S Corporations of America (ESCA), examines trends in S ESOP...
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By Ted Godbout | 4/29/2022
While it’s fairly well-known that auto-solutions can lead to increased participation and savings, new research finds that adopting the solutions in tandem can lead to even better results.
According to Reference Point, T. Rowe Price’s annual 401(k) benchmarking report, plans which couple auto-...
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By Ted Godbout | 4/28/2022
Despite a positive earnings picture, the overall macro backdrop has become less favorable for the equity market, Bob Doll observes in a first quarter update to his annual top 10 predictions.
Doll, Chief Investment Officer at faith-based investment firm Crossmark Global Investments, noted at the...
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By Ted Godbout | 4/28/2022
After filing a cloture petition on April 25 to limit debate on the nomination of Lisa Gomez to serve as Assistant Secretary of the Department of Labor, Senate Majority Leader Chuck Schumer (D-NY) was forced to withdraw the petition late April 26 after two Senate Democrats—Sens. Ron Wyden (OR) and...
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By Ted Godbout | 4/28/2022
Despite the pandemic and inflation, American workers and retirees remain optimistic about living a comfortable retirement—and one key factor that has helped is having a workplace retirement savings plan.
This is according to the 32nd annual Retirement Confidence Survey (RCS) measuring worker and...
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By Ted Godbout | 4/27/2022
A new survey finds that 6 in 10 U.S. adults who took on student loan debt for their education delayed a major financial decision because of this debt, but Congress may provide some relief with respect to saving for retirement.
The likelihood of delaying at least one financial decision is slightly...
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By Ted Godbout | 4/27/2022
Since the start of the pandemic, plan sponsors appear to have become less sure that traditional target date funds meet employees’ retirement needs and are expressing interest in the next generations of TDFs.
In polling more than 1,500 employers and employees, TIAA’s 2022 Retirement Insights...
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By Ted Godbout | 4/26/2022
UPDATE 04/27/2022 at 9:30 a.m.: The cloture motion to expedite consideration of Lisa Gomez's nomination was withdrawn late April 26, further delaying consideration of her nomination.
It looks like the full Senate may finally vote on President Biden’s nominee to lead the DOL’s Employee Benefits...
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By Ted Godbout | 4/25/2022
Given the outsized impact the pandemic has had on the health care sector, it’s not surprising that employee benefits have taken center stage to help address organizational challenges.
In fact, Voya Financial’s biennial survey of retirement plan management in the health care sector conducted in...
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By Ted Godbout | 4/25/2022
Digital technology is a critical tool for registered investment advisors to meet current client demands, recruit top talent and capture business from younger clients, a new study suggests.
And it seems clear that technology will play a greater role in financial advisory practices in the years...
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