The chair of the House committee with jurisdiction over ERISA issues was not happy with the Department of Labor’s (DOL) recent decision to deny a request to extend the comment period for the proposed rule to amend the definition of an investment advice fiduciary. In a Nov. 17 letter to Acting... READ MORE

To better understand how people make retirement savings decisions, Goldman Sachs Asset Management (GSAM) recently collaborated with behavioral finance research firm Syntoniq to evaluate the factors that may influence Americans’ retirement savings tendencies. In the resulting analysis, released as... READ MORE

It’s been a couple of fast-moving days for the Department of Labor’s (DOL) proposal to amend the definition of investment advice fiduciary, as the House GOP has stepped up efforts to block the DOL from implementing its proposal, while the department has now denied a request to extend the comment... READ MORE

During the previous two editions of The State of Retirement Income, researchers at Morningstar recommended that the so-called 4% safe withdrawal rate for retirees should be lowered given current market conditions, but that has now changed. Owing largely to higher fixed-income yields and a lower... READ MORE

With many workers electing workplace benefits during open enrollment this month, a new survey finds that less than half will review or increase their retirement plan contributions, suggesting a missed opportunity to improve their retirement readiness.   In fact, findings from the Corebridge... READ MORE

The consortium of retirement plan service providers focused on making it easier for Americans to transfer their workplace retirement accounts when changing employers has officially launched.  Becoming operational 12 months after being announced in 2022, the Portability Services Network (PSN) on... READ MORE

While employees expect their defined contribution (DC) plan to be a key vehicle for funding their retirement, most are worried their retirement savings will not be enough to cover their expenses, according to new research from Buck. To gain insight into employees’ satisfaction with their... READ MORE

Asset growth of collective investment trusts (CIT) continues to chip away at mutual funds’ dominance, as defined contribution (DC) plan sponsors and intermediaries value the cost advantages of the vehicle, according to a new report from Cerulli Associates. In the latest issue of The Cerulli Edge—U... READ MORE

The Internal Revenue Service has just announced the new contribution and benefit limits for 2024 and—reflecting the moderating inflation readings, the increases are modest. The headline is that next year the amount individuals can contribute to their 401(k) plans (not to mention 403(b) and most... READ MORE