Browsing Tag
American Retirement Association (ARA)
59 posts
DOL Fiduciary Rule Released; Industry Reaction Pours In
President Biden will speak about the rule from the White House at 3:30; new proposal applies a fiduciary standard to retirement advice on rollovers
Too Many Low-Income Workers Lack Access to Retirement Plans: EIG
Florida singled out for lack of access in new report finding only 1 in 5 low-income workers participate in 401(k) plans
3 More States Advance Auto-IRA Programs
Pennsylvania, Vermont and Nevada join growing ranks of states enacting state-run auto-IRA programs for those lacking access to workplace retirement plans
State-Mandated IRAs Not Crowding Out Private 401(k)s: Pew Research
Federal data for 2021 shows new the wave of state-based retirement plan initiatives continue to complement private market plans
EIG’s John Lettieri Refutes ARA Claims of Proposed Bill’s Challenge to Private Retirement Plan System
John Lettieri explains why he thinks the new plan would indeed NOT compete with the existing private retirement plan system and why the lower-income retirement plan coverage gap needs to be addressed now.
Biden Veto Preserves Labor Department’s ESG Final Rule
First veto of Biden presidency—backed by American Retirement Association—is unlikely to be overridden by Congress, meaning new rule allowing retirement plans to consider environmental, social and governance factors would stand
Glitch-Fixing: How 2024 Catch-Up Contributions Could Be Restored in SECURE 2.0
Two likely (and one unlikely) solutions identified to correct drafting error that jeopardizes all 401(k) catch-up contributions starting in 2024
It’s In! SECURE 2.0 Act of 2022 Included in Omnibus Appropriations Bill
Must-pass bill including landmark retirement reform legislation expected to clear Capitol Hill by Friday
‘Billions of Dollars in New Savings’ If SECURE 2.0 Passes: ACLI
New research provides estimates for how the proposed bill would increase savings over 10 years for specific groups of Americans
SECURE 2.0 Could Improve Retirement Savings for 100 Million+ Americans: ARA
Saver’s Match, Starter K provisions credited with widely expanding savings opportunities