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Ted Godbout

By Ted Godbout | 8/31/2023
The two top Republican lawmakers serving on the House and Senate committees with jurisdiction over ERISA have called on the Department of Labor (DOL) to halt any further changes to the definition of fiduciary. The Aug. 31 letter from Rep. Virginia Foxx (R-NC), who is chair of the House Education... READ MORE
By Ted Godbout | 8/28/2023
Retirement plan advisors take note—2023 should be thought of as a year of opportunity, as an increasingly complex retirement landscape is expanding the pathways for greater advisor impact. This is according to findings from Fidelity Investments’ 14th Plan Sponsor Attitudes Study, which found that... READ MORE
By Ted Godbout | 8/28/2023
With staff turnover being both costly and disruptive, especially at senior levels, businesses increasingly are relying on nonqualified deferred compensation (NQDC) plans as a means of driving retention.   Findings from NFP’s inaugural Executive Benefits Trends Study reveal that nearly all... READ MORE
By Ted Godbout | 8/25/2023
While much of the focus on the Securities and Exchange Commission’s (SEC) latest rulemaking had to do with the changes impacting private funds, a provision buried in the guidance now requires all SEC-registered advisers to document in writing the annual review of their compliance policies and... READ MORE
By Ted Godbout | 8/25/2023
Robinhood’s bid to undo the Bay State’s fiduciary rule holding broker-dealers to the same standard as investment advisers hit a roadblock after the state’s high court reversed a lower court’s ruling that the Massachusetts Secretary of Commonwealth lacked authority to adopt the rule. The Aug. 25... READ MORE
By Ted Godbout | 8/24/2023
While financial worries remain among the top reasons Americans are delaying retirement or are returning to work, a surprising number cite other, more personal reasons for doing so, a new survey finds. According to the survey from Fidelity &Guaranty Annuities & Life (F&G), which... READ MORE
By Ted Godbout | 8/23/2023
Engaging clients in conversations around what longevity may mean for them offers opportunities for deeper conversations around their well-being, their working lives, and their financial goals, according to new research from Transamerica and the Massachusetts Institute of Technology (MIT) AgeLab.... READ MORE
By Ted Godbout | 8/22/2023
Even though inflation is subsiding according to the latest government data, the average costs that U.S. employers pay for their employees’ health care is expected to surge next year. According to projections by Aon, the average costs for U.S. employers that pay for their employees' health care... READ MORE
By Ted Godbout | 8/21/2023
Following a year that saw record increases for qualified retirement plan limits, an early projection suggests that the limits will increase, but not quite as significantly as this year.    Using the Internal Revenue Code’s cost-of-living adjustment and rounding methods, the Consumer Price Index... READ MORE
By Ted Godbout | 8/21/2023
The Capital Group, home of American Funds, has joined efforts with Shlomo Benartzi’s PensionPlus to make it easy for retirement plan participants to create a highly personalized paycheck in retirement designed to last through their lifetime. According to the firms’ Aug. 21 announcement, the joint... READ MORE
By Ted Godbout | 8/21/2023
In what has been cited as a top concern of investment adviser compliance officers, the Securities and Exchange Commission on Aug. 21 announced charges against a New York-based fintech investment adviser for using misleading advertisements. Noting that the charges mark the first violation of the... READ MORE
By Ted Godbout | 8/17/2023
Born from 1997 to 2012, Generation Zers have often been called the most ethnically diverse generation who have grown up entirely with modern technology. But as they begin to enter the workforce, what impact will they have on the retirement industry and what expectations do they bring to the table... READ MORE
By Ted Godbout | 8/16/2023
The never-ending battle to attract and retain key executives and high-level talent has U.S. employers looking to make enhancements to their nonqualified retirement plans, a new survey finds. The WTW Nonqualified Retirement Benefit Survey of nearly 400 U.S. employers found that more than half of... READ MORE
By Ted Godbout | 8/15/2023
The Morningstar Retirement group within Morningstar Investment Management LLC, and ADP Retirement Services, have partnered together to offer more employees—regardless of the size of their employer—access to personalized retirement investment and savings advice through managed accounts. According... READ MORE
By Ted Godbout | 8/14/2023
A newly released survey of plan sponsors reveals that many continue to broaden efforts to help participants achieve retirement security across employee financial wellness, plan design, and increasingly—retirement income. Findings from J.P. Morgan Asset Management’s fifth survey of U.S. defined... READ MORE
By Ted Godbout | 8/14/2023
Independent RIA firm SageView Advisory Group on Aug. 14 announced the commencement of the next phase of its growth vision with a focus on driving expansion in wealth management. According to the firm’s announcement, Randy Long, who founded SageView in 1989, has been appointed to the role of... READ MORE
By Ted Godbout | 8/11/2023
The findings of a recent survey reveal a growing disparity between U.S. employers and their employees on the subject of financial health and well-being. While both employers’ and employees’ top economic concerns include rising costs and macroeconomic challenges, employers feel more satisfied with... READ MORE
By Ted Godbout | 8/10/2023
Based on the latest consumer price data released Aug. 10, The Senior Citizens League (TSCL) estimates that the Social Security cost of living adjustment (COLA) for 2024 is looking increasingly like it may be around 3%.   Overall, the rate of inflation in July is significantly lower than a year ago... READ MORE
By Ted Godbout | 8/10/2023
The Department of Labor (DOL) has issued a Request for Information (RFI) to gather public input in relation to simplifying and consolidating retirement plan reporting and disclosure forms, as directed by the SECURE 2.0 Act.   More specifically, the 38-page, 31-question RFI was published by the DOL... READ MORE
By Ted Godbout | 8/9/2023
To attract and retain talent in a tight labor market while helping employees address sky-rocketing costs, a new study finds that U.S. employers are pursuing innovative new ways to improve their employee benefit plans.   One such option, according to the Goldman Sachs Ayco 2023 Benefits &... READ MORE

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