Retirement

One of the best ways that employers can support any employee who is behind schedule on retirement savings is through access to education and support – matching contributions or profit sharing into a 401(k) are tremendously helpful.

Ex-employees are suing Verizon as well as State Street Global Advisors, which served as the “independent fiduciary” in putting the deal together to manage the pensions of 56,000 retirees.

The online retailer has been hit with a class action lawsuit, alleging it violated its ERISA fiduciary duties by using forfeited 401(k) funds to offset the company's own contributions instead of reducing administrative fees for over 20,000 participants.

Employers with five or more employees who do not currently offer a retirement plan will be required to register for the state-run Vermont Saves program by the end of February 2025.

Last week, Congress passed the Social Security Fairness Act, a bill that has been decades in the making, and President Biden will sign it into law on Monday.

Will new laws increase access to retirement savings and coverage, and will President Trump’s tax cuts incentivize investment in 2025? We asked retirement insiders to weigh in.