Advisor Sales Strategies

Democratic lawmakers sent a letter to Labor Secretary Lori Chavez-DeRemer, inquiring about the future of the Council that advises the DOL on ERISA-related issues.

Last year, UnitedHealth finally agreed, after three years of litigation, to pay the huge settlement over "low-performing" target date funds, and now attorneys Sanford Heisler Sharp have asked a federal judge for $23 million in attorneys’ fees.

Employers can help workers by offering better financial education, nudging them toward target-date funds or managed accounts, and making sure employees know who to talk to when markets get shaky, says MDRN Capital CEO Aaron Cirksena.

Labor attorney Daniel Aronowitz, President Trump's nominee to be the assistant secretary of Labor in charge for the Employee Benefits Security Administration, commits to “modernizing defined contributions plans to include alternative investments.”

During the first quarter, average account balances were lower, but the average contribution rate to 401(k) plans hit 14.3%, close to Fidelity’s suggested savings rate of 15%.

The Senate has introduced a bill, Improving Disclosure for Investors Act of 2025, which would require the SEC to propose rules allowing for the default electronic delivery of regulatory documents to investors, who can still choose to “opt out.” 

Employers can help address the issue by providing access to financial literacy programs, services and advice to improve financial and longevity literacy rates and overall financial security, says TIAA’s Kourtney Gibson.

For the first time in SSA history, the average monthly check hits a major milestone, yet for the 450,000 recipients aged 62 and older with outstanding student loans, garnishments will lessen the amount of their checks.