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Ted Godbout
By Ted Godbout | 2/18/2022
Despite the Great Resignation, saving for retirement is still very much a priority, as Fidelity’s IRA and DC plan savers set new records in 2021.
Assisted by strong market gains and employers helping to keep workers on track, Fidelity Investments’ 2021 year-end analysis of more than 35 million IRA...
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By Ted Godbout | 2/16/2022
For both small and large retirement plans, average total plan costs for 401(k)s continued to decline in 2021, with plan investment fees leading the way, according to the latest edition of the 401k Averages Book.
The 22nd edition of the book shows that all scenarios saw a year-over-year decrease...
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By Ted Godbout | 2/16/2022
The Securities and Exchange Commission has settled with six investment advisers and six broker-dealers over charges that they failed to file and deliver their client or Form CRS customer relationship summaries.
In some cases, the firms also failed to include all the information necessary to...
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By Ted Godbout | 2/15/2022
Amid demographic shifts, economic challenges and a global pandemic, a new study finds that many financial planners are underestimating their clients’ financial anxiety.
On average, financial planners thought financial anxiety affected about half (49%) of their clients. However, nearly three-...
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By Ted Godbout | 2/15/2022
NEPC is out with its 2021 Defined Contribution (DC) Plan Trends and Fee Survey, examining current plan investment trends and innovations across major sectors.
While target date funds (TDFs) continue to be the “turnkey solution,” NEPC notes that one of the more prominent developments is that menus...
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By Ted Godbout | 2/15/2022
Key members of the House of Representatives have reintroduced legislation to allow retirement plan sponsors to provide annuities as a default option in their DC plans.
Reps. Donald Norcross (D-NJ) and Tim Walberg (R-MI), who serve together on the House Committee on Education and Labor’s Health...
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By Ted Godbout | 2/14/2022
Participants value the investment opportunity that 401(k) plans represent and are largely opposed to changing the tax preferences or investment control in those accounts, a new survey finds.
Nearly 9 in 10 individuals (89%) who expressed an opinion had favorable impressions of 401(k) plans, with...
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By Ted Godbout | 2/11/2022
Following an in-depth examination of self-directed brokerage accounts, the ERISA Advisory Council made only one recommendation to the Labor Department—but it’s what the Council didn’t recommend that might be more significant.
As part of its 2021 study topics, the Council set out to gain a better...
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By Ted Godbout | 2/11/2022
Some firms apparently are not meeting their basic responsibilities to comply with Reg BI and Form CRS, the industry self-regulatory organization has found.
In its 2022 Report on Examination and Risk Monitoring Program, FINRA outlines its initial findings from its review of Reg BI and Form CRS, and...
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By Ted Godbout | 2/10/2022
Following a year that saw the lowest trading in nearly a quarter century, 401(k) investors were stirred back into trading to start the new year.
Against the backdrop of a volatile stock market, 401(k) investors were busy traders in January, trading an average of 0.017% of balances daily. This...
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By Ted Godbout | 2/9/2022
The ERISA Advisory Council has released a 72-page summary report offering recommendations to address gaps in retirement savings based on race, ethnicity and gender.
As part of its 2021 study topics, the Council examined the underlying causes for gaps in retirement security experienced by people...
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By Ted Godbout | 2/9/2022
The Securities and Exchange Commission proposed new rules on Feb. 9 that seek to address concerns about the cybersecurity preparedness of registered investment advisers and funds, and to reduce cybersecurity-related risks to clients and investors.
The short-handed Commission voted 3-1 to advance...
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By Ted Godbout | 2/8/2022
A new survey finds that just 44% of Americans could cover an unplanned $1,000 expense such as a car repair or emergency room bill.
Survey sponsor Bankrate notes that this level is the highest in eight years of its polling and tops the 39%–41% range that had prevailed from 2017 to 2021.
“While...
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By Ted Godbout | 2/8/2022
Fund selectors see interest rate hikes, inflation, valuations and volatility as among the growing list of portfolio risks as they look to manage investments and client emotions, a new survey reveals.
According to findings by Natixis Investment Managers, 80% of the investment managers say that...
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By Ted Godbout | 2/8/2022
While few target date funds currently include strategies to reduce volatility with the ability to enhance returns, which are principles of stable value, there appears to be significant interest in features that can do both, according to MetLife’s 2022 Stable Value Study.
If a TDF provider could...
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By Ted Godbout | 2/7/2022
The nearly $2 trillion broad-based legislative package that includes mega Roth and other retirement-based revenue raisers does not appear to be moving anytime soon, but there is hope for bipartisan retirement legislation.
Speaking to reporters last week, Sen. Joe Manchin (D-WV)—who had been the...
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By Ted Godbout | 2/7/2022
Wirehouses have cemented their lead in advisor productivity, but other advisory channels are chipping away at capturing market share, according to a new report from Cerulli Associates.
The wirehouse channel boasts a more productive advisor base, averaging $198 million per advisor at an increase...
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By Ted Godbout | 2/4/2022
While most companies believe they are doing a good job in supporting employee well-being, a new study finds that most employees disagree with that sentiment, revealing a sharp disconnect in perceptions.
Mind, Body and Wallet, Guardian Life Insurance Company of America’s 10th annual workplace...
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By Ted Godbout | 2/4/2022
Stock plan benefits can be a powerful tool for employers looking for a competitive advantage, yet many employees remain unaware of how to make the most of the benefit.
According to findings from Morgan Stanley at Work’s annual Stock Plan Participant Survey, 58% of participants view equity...
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By Ted Godbout | 2/3/2022
Continuing a trend that emerged in 2020 and accelerated in 2021, large, pure play wealth managers are expected to continue being a major force for M&A activity in the retirement plan space, according to ECHELON Partners’ 2021 RIA M&A Deal Report.
In 2021, there were 17 transactions...
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