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Ted Godbout
By Ted Godbout | 12/3/2021
As many workplaces remain virtual ghost towns, new survey results shed some light on what’s discouraging staff from coming into the office. Spoiler alert: it’s not necessarily COVID-related.
In a recent study, many employees said they are working from home because of the greater work-life balance...
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By Ted Godbout | 12/2/2021
While overall customer satisfaction with wealth management mobile apps improved this past year, wealth management apparently still lags other industries when it comes to overall user experience.
According to J.D. Power’s 2021 U.S. Wealth Management Mobile App Satisfaction Study, wealth management...
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By Ted Godbout | 12/2/2021
President Biden’s nominee to lead the Employee Benefits Security Administration has moved one step closer to being confirmed.
Lisa Gomez, who was nominated by Biden in July to serve as Assistant Secretary for EBSA at the Department of Labor, was approved Dec. 2 by the Senate Health, Education,...
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By Ted Godbout | 12/1/2021
While most U.S. workers say they are saving for retirement through employer-sponsored plans or other means, a much smaller percentage say they are “very confident” they will be able to retire fully and comfortably.
According to the 320-page Compendium of Findings About the Retirement Outlook of U....
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By Ted Godbout | 12/1/2021
As competition for talent remains fierce, a recent study finds that a strong HR function is a critical driver of a company’s talent brand and vital to winning and retaining the best workers.
In a first-of-its-kind study by the ADP Research Institute (ADPRI), the organization constructed a metric—...
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By Ted Godbout | 11/30/2021
Total expenses for institutional investors have fallen 5% since 2015, according to Callan’s 2021 Cost of Doing Business Survey, marking the first decrease in the history of the survey.
Institutional investors paid an average of 54.2 basis points for total fund expenses, with the vast majority of...
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By Ted Godbout | 11/30/2021
While the debate over passive versus active investing deserves consideration, there are several other factors that can have a bigger impact over time, according to a new white paper from T. Rowe Price.
For many plan participants, a qualified default investment alternative (QDIA) may be the first...
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By Ted Godbout | 11/24/2021
According to a Nov. 22 announcement by the program’s board, MarylandSaves will begin offering its new automatic workplace retirement and emergency savings program starting next summer.
Created by legislation that went into effect on July 1, 2016, MarylandSaves is a state-sponsored program that...
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By Ted Godbout | 11/23/2021
Despite many Americans admitting that they are behind schedule on saving for retirement, many also say they have been saving as much or more since the pandemic began.
According to a Bankrate survey of 2,225 American adults conducted from Oct. 20-22, 2021, nearly 63% of workers report that they...
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By Ted Godbout | 11/22/2021
The total number of cases the Securities and Exchange Commission filed in fiscal year 2021 was down from the previous year, but the level of penalties was up.
The SEC announced Nov. 18 that it filed 697 total enforcement actions in FY 2021. This included 434 new actions, 120 actions against...
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By Ted Godbout | 11/22/2021
While financial health is an important goal for most employees, new survey results show that the term doesn’t have a universal meaning and is defined broadly across racial and ethnic groups.
In fact, 83% of Americans say there is no single definition for financial health because it varies from...
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By Ted Godbout | 11/19/2021
Capping a months-long process of negotiations among Democrats, the House approved an amended version of the roughly $1.7 trillion Build Back Better Act (H.R. 5376) Nov. 19 on a near party-line vote of 220-213, with one Democrat voting no.
The bill includes limits on “mega” Roths and in-plan Roth...
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By Ted Godbout | 11/19/2021
With the pandemic leading many employees to focus more on workplace financial benefits, a new study finds that nearly all HR executives are placing a priority on reevaluating such benefits for 2022.
Findings from Morgan Stanley at Work’s inaugural State of the Workplace Financial Benefits Study...
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By Ted Godbout | 11/19/2021
The Securities and Exchange Commission has issued proposed amendments to the electronic recordkeeping and prompt-production-of-records requirements applicable to broker-dealers, security-based swap dealers (SBSDs) and major security-based swap participants (MSBSPs).
The SEC’s current broker-dealer...
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By Ted Godbout | 11/18/2021
Broker-dealers, investment advisers and issuers would be prohibited from including predispute mandatory arbitration clauses in their customer agreements under legislation approved by the House Financial Services Committee.
Touted by Committee Chair Maxine Waters (D-CA) as a way to “correct long-...
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By Ted Godbout | 11/17/2021
In its inaugural U.S. Retirement Market Outlook, T. Rowe Price offers insights on the major themes professionals at the firm expect to shape the retirement landscape in 2022.
According to the paper, given the impact of the significant global events over the past two years, the three themes that...
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By Ted Godbout | 11/17/2021
The Securities and Exchange Commission voted Nov. 17 to propose amendments rescinding two rules applicable to proxy voting advice businesses that the Commission adopted in 2020, when it was under different leadership.
More specifically, the Commission is proposing to rescind conditions to the...
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By Ted Godbout | 11/16/2021
President Biden on Nov. 15 signed into law the $1.2 trillion infrastructure legislation that includes new reporting requirements for digital assets, additional pension smoothing relief and clarifies disaster relief assistance.
The House approved the Infrastructure Investment and Jobs Act (H.R....
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By Ted Godbout | 11/16/2021
The average account balance across self-directed 401(k) participant accounts finished the third quarter with a year-over-year increase of 12.8%, but that’s a 2% decrease from last quarter, according to Charles Schwab’s latest SDBA Indicators Report.
Findings from the firm’s Q3 2021 report, which...
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By Ted Godbout | 11/15/2021
The number of Gen Z investors across the firm’s retirement platform nearly doubled from a year ago, according to Fidelity’s third quarter retirement analysis, reaching a record 1.4 million.
And while it’s still early in their careers, Fidelity’s data suggests that Gen Zers (born between 1997-2012...
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