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The Retirement Savings for Americans Act, which would offer a federally-run program, is supported by National Economic Council but the American Retirement Association worries that many small employers would close their 401(k)s.

While President Trump promises to “always protect” Social Security, the Schwarz Center for Economic Policy Analysis has suggested steps both Congress and Trump, as well as the SSA Acting Commissioner, should take to restore trust in the federal agency.

Senator Tommy Tuberville has reintroduced the Financial Freedom Act, which would give retirement plan participants the ability to control how their assets are invested, while reversing DOL regulatory guidance on cryptocurrency.

The class action lawsuit filed by employees who alleged they were shorted on pension payments, was originally dismissed after plaintiffs missed the 3-year deadline to file a fiduciary claim, however, the Labor Department came to the workers’ defense.

To clear up any confusion for administrators of both single-employer and multi-employer defined benefit plans, the Department of Labor has issued new guidance for annual AFN notices that are due by April 30, 2025.

While financial experts acknowledge the panic many Americans are feeling about their 401(k)s since the stock market plummeted, most agree they are a solid long-term investment because most have a '60/40 account’ – 60% stocks and 40% stable investments, like bonds.