Whether it’s criticism from academia or sweeping proposals from lawmakers, the private sector retirement savings system—and 401(k)s in particular—is increasingly at risk. We need your help in defending working Americans’ ability to save for a secure and sustainable retirement. That means your... READ MORE

Another suit filed against flexPATH by the law firm of Schlichter Bogard, LLP has been dismissed—with prejudice—though it seems to have turned more on good outcomes than prudent processes. This suit (Mills v. Molina Healthcare, Inc., C.D. Cal., No. 2:22-cv-01813, complaint 3/18/22) was filed by... READ MORE

Automatic enrollment of eligible employees in the Hawaii Retirement Savings Program is closer to being put in place.  Sen. Sharon Moriwaki (D-Waikiki) introduced SB2553 on Jan. 19, 2024. Under the bill, employees would no longer be required to opt in to participate in the Hawaii Retirement Savings... READ MORE

It’s the latest iteration of the auto revolution (enrollment, escalation, portability). While not directly related to 401(k)s, an idea for automatic adjustments involves retirement income—specifically, Social Security. Alicia Munnell and William Arnone, two familiar names in retirement plan... READ MORE

Capitalize, the 401(k) “locator” and rollover technology firm, is in good company. The firm collaborated with the Center for Retirement Research (CRR) at Boston College on its 401(k) Statistics Tracker, which was released on Wednesday.   The Tracker found that nearly 6 in 10 U.S. workers now... READ MORE

While a new study finds that satisfaction among clients using financial advisors has risen over the past year, it also finds, however, a growing lack of loyalty among more affluent Millennials. According to J.D. Power's 2024 U.S. Full-Service Investor Satisfaction Study, overall investor... READ MORE

Retirement income continued its industry march on Thursday with Empower announcing a host of new partnerships with asset management and insurance companies to offer several in-plan and out-of-plan guaranteed retirement income products for plan participants and investors. The Colorfado-based... READ MORE

Expanding its universe from HSAs, FSAs and other employee-benefit accounts, HSA Bank this week announced that it will begin offering an emergency savings account (ESA) solution.   The ESA is an employer-sponsored, consumer-owned bank account intended to help employees save for unexpected expenses... READ MORE

ERISA consultants at the Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings and income plans, including nonqualified plans, stock options, and... READ MORE

A new report by a collaborative of industry stakeholders suggests that low-cost, plan-design solutions to nudge participants to avoid early withdrawals could make a significant dent in the racial and gender retirement savings gap. The report also observes, however, that more study is needed to... READ MORE

An interesting—and somewhat counterintuitive—report came out last week, one that cast doubt on the “common wisdom” regarding Roth versus traditional pre-tax savings. The assumption underlying the research[i] was that those who had not yet paid taxes on their savings (the traditional pre-tax... READ MORE

Following through on its warning, the Securities and Exchange Commission on March 18 announced that two investment advisers have settled charges with the commission for making “false and misleading statements” about their purported use of artificial intelligence (AI). The firms—Delphia (USA) Inc.... READ MORE