Retirement

Since some 401(k) plans now offer the option to invest in crypto assets like bitcoin and the DOL has not required fiduciaries to monitor all crypto options, the Government Accountability investigated in response to a request from the House Committee on Ways and Means. 

Gen Z and millennials are particularly susceptible to social media financial advice, which is why employers should host financial literacy workshops, webinars, or provide regular communications that raise awareness about the risks of unverified financial advice.

RetireReady NJ launched a pilot program in spring 2024 with four participating employers, and now it supports thousands of New Jersey employees in saving for retirement.

It’s a fair and reasonable ask of legislators to create parity of choice for retirement investors, regardless of who their employer is, according to collective trust provider Great Gray Trust Company.

More than 15,000 retirement plans, representing approximately 5 million participants, have signed up for auto portability – which moves 401(k)s to new retirement plans – in the last year, says the Portability Services Network.

President-elect Donald Trump has named economist Kevin Hassett, who is known in the retirement industry for a high-profile white paper that was the basis for the Retirement Savings for Americans Act bill, to lead the White House National Economic Council.