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Ted Godbout

By Ted Godbout | 12/20/2021
Securities and Exchange Commissioner Elad Roisman has announced that he plans to step down from his post early next year, which will leave the agency short-handed temporarily.   In a Dec. 20 statement, Commissioner Roisman revealed that he sent a letter to President Biden notifying him of his... READ MORE
By Ted Godbout | 12/20/2021
A global survey of more than 4,000 retirement savers finds that most respondents appear confident in their ability to retire at their desired age, but many say they don’t know about certain aspects. According to the latest MFS Global Retirement Survey of retirement savers across the U.S., the... READ MORE
By Ted Godbout | 12/17/2021
Findings from the Society of Actuaries’ latest biennial survey examining the retirement risks by those nearing retirement and those already retired reveals significant differences in how the pandemic affected the two groups.  “The impact of this crisis is complicated because while it caused... READ MORE
By Ted Godbout | 12/17/2021
With cybersecurity threats getting increasingly sophisticated and costly, plan sponsors can no longer afford to wait to address the threats to their retirement plans.   In a Dec. 16 webinar by the Plan Sponsor Council of America, Daniel Aronowitz, Managing Principal with Euclid Fiduciary, and... READ MORE
By Ted Godbout | 12/16/2021
To reduce the likelihood of runs on money market funds during periods of stress, the Securities and Exchange Commission voted 3-2 on Dec. 15 to propose amendments to tighten the liquidity requirements, among other changes to the rules.  The proposed amendments are designed to improve the... READ MORE
By Ted Godbout | 12/15/2021
While the federal government has never defaulted, failure to lift the nation’s debt ceiling—a potential crisis now averted—could have had a significant impact not only financial markets, but a devastating impact on retirement savings. Amid lingering fears that Congress would not act to lift the... READ MORE
By Ted Godbout | 12/15/2021
As 2021 comes to a close, RIA merger and acquisition activity shows no sign of slowing down, achieving yet another milestone.  According to research from DeVoe & Company, RIA M&A activity crossed 200 transactions within a calendar year for the first time ever, with the 200th transaction... READ MORE
By Ted Godbout | 12/14/2021
As lawmakers frantically try to reach an agreement before the end of the year on the $1.7 trillion Build Back Better Act, the chairman of the Senate Finance Committee released a nearly 1,200-page Senate amendment to the House-passed version Dec. 11.    According to Senate Finance Committee... READ MORE
By Ted Godbout | 12/14/2021
While Americans worried most about the impact of the COVID-19 pandemic earlier this year, they now see rising inflation as the biggest risk to their retirement plans.  According to Allianz Life’s annual New Year’s Resolutions Study, nearly half (48%) of respondents identified the pandemic as the... READ MORE
By Ted Godbout | 12/13/2021
While the current environment appears ripe for self-directed brokerage accounts (SDBAs) as various plan participants welcome the opportunity to select investments that reflect their values and priorities, plan sponsors should carefully consider the tradeoffs, a new study suggests.   While SDBAs... READ MORE
By Ted Godbout | 12/13/2021
The average per-employee cost of employer-sponsored health insurance saw the highest annual increase since 2010, as health benefit costs outpaced growth in inflation and workers’ earnings.  According to Mercer’s 2021 National Survey of Employer-Sponsored Health Plans, average costs for employer-... READ MORE
By Ted Godbout | 12/10/2021
Legislation supported by the American Retirement Association that would make permanent retirement plan tax relief measures following a presidentially declared disaster was introduced Dec. 9.  The bipartisan Disaster Retirement Savings Act, introduced by Reps. Mike Thompson (D-CA) and Mike Kelly (R... READ MORE
By Ted Godbout | 12/10/2021
While plan sponsors and DC specialists continue to share views on many aspects of plan support and service, a new survey finds that DC specialists have an opportunity to further demonstrate the value they provide.  According to the third edition of Voya Investment Management’s survey of plan... READ MORE
By Ted Godbout | 12/9/2021
Institutional investors are expressing confidence in the projected market conditions of 2022, but they also think individual investors are carelessly speculating on high-risk investments.  In fact, nearly half of institutional investors expect economic growth to return to pre-COVID levels in 2022... READ MORE
By Ted Godbout | 12/8/2021
Notwithstanding market volatility and concerns about rising inflation and the Omicron variant, November apparently was another light trading month for 401(k) investors. On average, net daily trading activity was 0.009% of 401(k) balances and there were no days of above-normal activity, according... READ MORE
By Ted Godbout | 12/8/2021
A new survey finds that businesses are recovering steadily despite the lingering effects of the pandemic, but they also face a competitive labor market and are looking to employee benefits as a proactive response.  According to the latest Principal Financial Well-Being Index, smaller businesses... READ MORE
By Ted Godbout | 12/7/2021
Developing solutions for more Americans to have lifetime income options within their retirement plans is one of the Department of Labor’s key priorities for the coming year, according to Kathleen Kennedy Townsend.  As a keynote speaker at the opening of EBRI’s Winter Policy Forum, Townsend, who... READ MORE
By Ted Godbout | 12/7/2021
The pandemic has prompted 3 in 10 black Americans and nearly 4 in 10 Asian and Hispanic respondents to change or consider changing when they will retire, according to a recent study by the Society of Actuaries.  The organization’s second iteration of Financial Perspectives on Aging and Retirement... READ MORE
By Ted Godbout | 12/3/2021
While automatic enrollment is a foundational plan design feature that helps boost plan participation, a new study finds that engagement and savings rates can vary dramatically depending on how participants are enrolled.  In fact, plan participants who are auto-enrolled in workplace savings... READ MORE
By Ted Godbout | 12/3/2021
Driven by clients and missions that align with sustainable outcomes, incorporating the guiding principles of environmental, social and governance (ESG) into their portfolios is a high priority for asset managers, according to new research.  Compiled from interviews conducted in the third quarter... READ MORE

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