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Ted Godbout
By Ted Godbout | 12/4/2018
A new industry-based survey finds that Baby Boomer and Generation X financial advisors are more mobile and technologically savvy than you might expect.According to a Redtail Technology survey, Baby Boomer (52%) and Gen X (58%) advisory employees use mobile or tablet devices to access their company’...
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By Ted Godbout | 12/4/2018
Many employers are interested in offering financial wellness programs to their employees, but there appears to be limited consensus on the approach, according to new research from the Employee Benefit Research Institute (EBRI).Last spring, EBRI began exploring employers’ interest in offering...
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By Ted Godbout | 11/30/2018
“Cash is king” may not be fully true when it comes to finding the perfect job, as a newly published survey shows that Americans favor workplace benefits over extra salary.An AICPA survey of 2,026 U.S. adults, among whom 1,115 were employed, suggests that employers need to be ready to show employees...
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By Ted Godbout | 11/30/2018
New research identifies a significant gap between those who do and do not work with a financial advisor in relation to knowledge of investment and retirement income strategies.As individuals prepare for retirement, they may want to take steps to make sure their assets are protected against...
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By Ted Godbout | 11/29/2018
With only about two weeks left in the legislative calendar, the House of Representatives is expected to approve a revised tax and retirement savings package this week. But can the legislation be enacted in its current form?House Ways and Means Committee Chairman Kevin Brady (R-TX) unveiled a nearly...
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By Ted Godbout | 11/28/2018
Investors appear to have turned cautious, as October outflows of stock and bond funds registered the highest monthly level in more than three years, Morningstar notes in a new report.October’s $29 billion in long-term outflows were the highest since August 2015, which saw $30.3 billion of outflows...
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By Ted Godbout | 11/27/2018
Despite growing signs of market volatility, trading volume among retirement plan participants' self-directed brokerage accounts held steady from the previous quarter, according to an industry benchmarking report.Charles Schwab’s third quarter SDBA Indicators Report, which analyzes investment trends...
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By Ted Godbout | 11/26/2018
Effective 401(k) plan design features like auto-enrollment and auto-escalation have been shown to increase participation, boost deferral rates and improve investment diversification, but they can also bring unintended results, according to a new paper.In their paper, “Best Intentions: The...
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By Ted Godbout | 11/26/2018
Results from a new survey show that investors continue to have unrealistic expectations for investment returns, but their tolerance for risk is lower and few truly understand the ramifications of market volatility.Natixis Investment Managers’ survey of 750 individual investors in the U.S. found...
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By Ted Godbout | 11/21/2018
In what will be his third stint as chairman, veteran senator Charles Grassley (R-IA) has decided to return as head of the powerful Senate Finance Committee.When the 116thCongress convenes in January, Grassley, 85, plans to step down from his current position as chairman of the Senate Judiciary...
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By Ted Godbout | 11/20/2018
Americans on average expect to retire two years sooner than they did five years ago, and many more say they intend to retire before age 60, potentially reflecting a jump in 401(k) balances, new research shows.Findings from MassMutual’s 2018 “State of the American Family” study reveal that...
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By Ted Godbout | 11/19/2018
While the Great Recession continues to alarm workers, those who adopt a “planning mindset” were found to have more retirement savings, less stress and are more likely to be “thriving” in life, according to a new study.Now in its ninth year, the 2018 Wells Fargo Retirement study, which examines the...
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By Ted Godbout | 11/19/2018
A belief among small business employers that offering a retirement savings plan can be costly, combined with a lack of awareness of options, helps explain why many of these employers don’t even consider them, a new study suggests.Results from Millennium Trust's inaugural Small Business Retirement...
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By Ted Godbout | 11/15/2018
A new survey examining how employees use their equity compensation finds that workers are relying heavily on such benefits to build wealth, but maybe a little too much.Schwab Stock Plan Services’ survey of 1,000 equity compensation plan participants who receive stock options or restricted stock...
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By Ted Godbout | 11/15/2018
HSAs continue to increase in popularity thanks to their triple tax advantages and increased adoption in health plans, but there is room for improvement, according to a new study.Morningstar’s second annual study assessing HSAs from 10 of the largest providers finds that most have improved the...
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By Ted Godbout | 11/14/2018
While much of the focus on fiduciary outsourcing centers on transferring full or limited investment discretion under ERISA section 3(38) or section 3(21), plan advisors’ understanding of the ins and outs of 3(16) outsourcing apparently is becoming more commonplace.Pentegra recently conducted a...
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By Ted Godbout | 11/13/2018
Mere days after publishing a request for comments on a proposed exemption, the Department of Labor has now issued an advisory opinion (AO) regarding a specific auto portability program.The DOL advisory opinion, dated Nov. 5, 2018, outlines the particulars of a program developed by the Retirement...
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By Ted Godbout | 11/13/2018
A surprising number of plan sponsors answered ‘yes’ to this question, but not necessarily for the reasons you might think.The LIMRA Secure Retirement Institute recently followed up on a 2016 survey that found that more than half (55%) of plan sponsors said they would be “very” or “somewhat” likely...
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By Ted Godbout | 11/12/2018
Account owners and plan sponsors alike are seeing value in plan design features that are helping boost plan participation and savings rates, according to an annual savings trends report.Ascensus’ “Inside America’s Savings Plans,” which provides insight into the savings behaviors of account holders...
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By Ted Godbout | 11/12/2018
An analysis of trends in the average plan account balance of consistent 401(k) participants underscores the powerful accumulation effect of ongoing participation.New data published by the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI) finds that the average...
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