One of this week’s top-read stories led PLANADVISER to chat with ERISA attorney David Levine for a deeper dive into auto-IRAs and state-run plans for the private sector. See below for our story about the DOL’s guidance for states; a look at how different demographics prioritize spending and saving; more on the role of health savings accounts; and still more industry reaction (both positive and negative) to the DOL fiduciary proposal.
States offering retirement planning solutions to private-sector workers got their first look at a few highly anticipated (and increasingly controversial) pieces of regulatory guidance this week.
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High-deductible health plans coupled with a health savings account mean a change in the way employees pay for health care—as well as landmines for employee disappointment. The answer? Honest, open communication, and make sure it is ongoing.
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For Generation X, the second-biggest obstacle to saving for retirement is saving for their children’s own education. What’s the biggest one? And how are Baby Boomers saving and spending?
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The Financial Planning Coalition asked members of the House of Representatives and the Senate to eject legislative proposals designed to stall the Department of Labor’s fiduciary rulemaking. A paper from the Council for Capital Formation expresses an exactly opposite viewpoint.
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Findings from a Capital One survey about why employees do not participate in their employer-sponsored retirement plan offers opportunities for education, according to Stuart Robertson.
The language of “inertia” and “disengagement” are often used to describe the natural state of retirement plan participants, but new research from Wells Fargo suggests plan sponsors are also prone to settling with the status quo.
Should Congress or federal regulators eliminate the common nexus and bad apple rules that have held back open multiple employer plans, experts anticipate many more small businesses will jump in.
