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Ted Godbout

By Ted Godbout | 12/8/2021
Notwithstanding market volatility and concerns about rising inflation and the Omicron variant, November apparently was another light trading month for 401(k) investors. On average, net daily trading activity was 0.009% of 401(k) balances and there were no days of above-normal activity, according... READ MORE
By Ted Godbout | 12/8/2021
A new survey finds that businesses are recovering steadily despite the lingering effects of the pandemic, but they also face a competitive labor market and are looking to employee benefits as a proactive response.  According to the latest Principal Financial Well-Being Index, smaller businesses... READ MORE
By Ted Godbout | 12/7/2021
Developing solutions for more Americans to have lifetime income options within their retirement plans is one of the Department of Labor’s key priorities for the coming year, according to Kathleen Kennedy Townsend.  As a keynote speaker at the opening of EBRI’s Winter Policy Forum, Townsend, who... READ MORE
By Ted Godbout | 12/7/2021
The pandemic has prompted 3 in 10 black Americans and nearly 4 in 10 Asian and Hispanic respondents to change or consider changing when they will retire, according to a recent study by the Society of Actuaries.  The organization’s second iteration of Financial Perspectives on Aging and Retirement... READ MORE
By Ted Godbout | 12/3/2021
While automatic enrollment is a foundational plan design feature that helps boost plan participation, a new study finds that engagement and savings rates can vary dramatically depending on how participants are enrolled.  In fact, plan participants who are auto-enrolled in workplace savings... READ MORE
By Ted Godbout | 12/3/2021
Driven by clients and missions that align with sustainable outcomes, incorporating the guiding principles of environmental, social and governance (ESG) into their portfolios is a high priority for asset managers, according to new research.  Compiled from interviews conducted in the third quarter... READ MORE
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... READ MORE
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... READ MORE
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,... READ MORE
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.... READ MORE
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—... READ MORE
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... READ MORE
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... READ MORE
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... READ MORE
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... READ MORE
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... READ MORE
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... READ MORE
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... READ MORE
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... READ MORE
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... READ MORE

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