A new study that quantifies the potential magnitude of retirement savings shortfalls finds that, if current trends continue, federal and state governments could be hit with a combined $1.3 trillion... Read More
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Industry Trends and Research
BY Ted Godbout | 5/12/2023
While they may not realize it, there is an opportunity for small employers to offer competitive retirement benefits, as only a third (34%) currently offer retirement savings to employees today,... Read More
BY Ted Godbout | 5/11/2023
Retirement readiness remains a major challenge for many of today’s working-age households that may need to save more and/or work longer to improve their prospects for a secure retirement. ... Read More
BY John Sullivan | 5/11/2023
A wide majority of investors believe artificial intelligence (AI) will be an investing and trading game-changer and help advisors better serve clients, yet most (thankfully) also believe AI will... Read More
BY Ted Godbout | 5/9/2023
According to Bank of America’s latest 401(k) Participant Pulse report, there was some good news to offset the less favorable news amid ongoing economic headwinds.
Notably, the firm’s first... Read More
BY Ted Godbout | 5/5/2023
Despite 401(k) plan investors paying less to invest than they ever have, even compared to just a year ago, the basis points saved are not shared equally by all defined contribution (DC) plan... Read More
BY Ted Godbout | 5/3/2023
While the SECURE Act and SECURE 2.0 seek to make it easier for small businesses to offer a retirement plan, many employers that do not offer coverage still appear to be clinging to the same reasons... Read More
BY Nevin E. Adams, JD | 5/2/2023
Last week the nation’s longest-running gauge of the nation’s retirement confidence painted a bleak, but understandable read on that measure.
Indeed, in the midst of a volatile (though recently... Read More
BY John Sullivan | 5/2/2023
While once fast-paced M&A in the retirement plan space has slowed, it hasn’t stopped, and deals continue to move forward.
USI Consulting Group has acquired Hooker & Holcombe, a... Read More
BY Ted Godbout | 5/2/2023
While it may come as no surprise given the current economic environment, two new studies find that small- and mid-size business owners have major concerns about inflation, higher taxes, as well as... Read More
BY John Sullivan | 4/30/2023
Nearly a third of employees want their income protected against market losses starting at age 50, and almost all of them want market protection before the age of 65, according to new... Read More
BY John Sullivan | 4/27/2023
The National Council on Aging (NCOA) and UMass Boston find that 80% of older Americans, or 47 million people, can’t sustain a financial shock such as needing to pay for long-term care services and... Read More
BY John Sullivan | 4/27/2023
A new report finds a decline in retirement confidence to levels not seen since the 2008 financial crisis.
The report, from the Employee Benefit Research Institute (EBRI), also finds both workers... Read More
BY John Sullivan | 4/25/2023
The third rail of American politics isn’t what it should be, according to Republican Senator Bill Cassidy of Louisiana.
“We have to redefine what that third rail is,” Cassidy said when asked about... Read More
BY John Sullivan | 4/21/2023
Employees’ financial situations and mental health are bearing the brunt of the burden of a year where economic uncertainty and inflation have upended saving and spending habits, according to a new... Read More
BY Ted Godbout | 4/21/2023
With inflation hitting a 40-year high in 2022, American workers of all ages cut their retirement savings, struggled with debt and found it difficult to make ends meet—but the findings were even more... Read More
BY Ted Godbout | 4/19/2023
Various provisions under the SECURE 2.0 Act strongly resonate with employees amid considerable changes in retirement expectations, financial conditions and workforce demographics, but the findings of... Read More
BY Ted Godbout | 4/19/2023
While many younger investors are highly receptive to digital advice from their brokerage firms, a lack of understanding of how the technology manages their portfolio could be hindering wider adoption... Read More
BY Nevin E. Adams, JD | 4/18/2023
I recently stumbled across an academic study that claimed to find a correlation between higher employer contribution rates and leakage.
I will confess to a certain skepticism at that finding.... Read More
BY Ted Godbout | 4/14/2023
Despite an uncertain economic environment, wealth management M&A dealmaking activity appears to have bounced back in the first quarter of 2023 after four consecutive quarterly declines, with... Read More
BY Ted Godbout | 4/13/2023
Plan sponsor interest in keeping retiree assets in their defined contribution plans is increasing, according to new research from Cerulli Associates based off surveys and conversations with plan... Read More
BY Ted Godbout | 4/12/2023
A new study contends that there is a growing opportunity for wealth transfers, not only among the wealthy but also among lower-asset households affected by the transition from defined benefit to... Read More
BY Nevin E. Adams, JD | 4/10/2023
According to a new report, the youngest workforce generation — Gen Z — is off to a great start.
The report — Generational changes in 401(k) behaviors[i] — finds that while all generations saw... Read More
BY Nevin E. Adams, JD | 4/7/2023
Those of you who hung around for the last session at the 2023 NAPA 401(k) Summit got a special treat — our own advisor version of Family Feud…
Our version includes Team Wirehouse/Independents in a... Read More
BY Ted Godbout | 4/7/2023
A perceived comfortable retirement may be hard to reach for many working Americans, as most say it will take at least $1 million to do so, although most don’t expect to reach that number. ... Read More
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