Proposed guidance addressing the so-called “one-bad-apple” rule under the SECURE’s Act multiple employer plan (MEP) provisions was released March 25.  The proposed regulations address changes under the Setting Every Community Up for Retirement Enhancement (SECURE) Act providing an exception to the... READ MORE

Last year, more workers took advantage of the convenience of virtual and on-demand 401(k) educational sessions, and it appears this trend will continue even as workplaces move back to in-person work.   According to data from Schwab Retirement Plan Services, participant viewership for virtual live... READ MORE

Legislation has been introduced in the House of Representatives to allow tax- and penalty-free withdrawals to pay for long-term care insurance. Rep. Ann Wagner (R-MO), the Vice Ranking Republican on the House Financial Services Committee, introduced the Long-Term Care Affordability Act (H.R. 7107... READ MORE

A new analysis by PGIM looks at how participants responded, particularly considering the significant structural changes in the DC space since the last major market shock in 2008.  More specifically, the firm set out to understand both the impact of professionally managed portfolios and in-plan... READ MORE

In a regulatory first, publicly traded companies would be required to include certain climate-related disclosures in their registration statements and periodic reports, under new rules proposed March 21 by the Securities and Exchange Commission.  The short-handed Commission voted 3-to-1 to release... READ MORE

Just as Americans are hoping to start fresh and put the pandemic in the rearview mirror, concerns about the impact of inflation on retirement savings are now among the top worries.  With the annual inflation rate hitting the highest rate in 40 years, Fidelity Investments’ 2022 State of Retirement... READ MORE

With past behavioral economics research demonstrating that nudges can be a potent tool for increasing savings rates, the results of a recent study suggest that fresh start framing can be an effective nudge. In “Using Fresh Starts to Nudge Increased Retirement Savings,” John Beshears of Harvard... READ MORE

While apprehension about automation is pervasive throughout the industry, a recent Vanguard study of investors should put financial advisors at ease. In “Quantifying the investor’s view on the value of human and robo-advice,” Vanguard behavioral economists Paulo Costa, Ph.D., and Jane Henshaw find... READ MORE

The “build it and they will come” concept is not as simple for employer-sponsored financial wellness initiatives as it is for a baseball field, according to a new issue brief from EBRI.  Persuading employees to utilize financial wellness webinars can be challenging, especially for younger and... READ MORE