Defined Contribution

If employers opt to make private investments part of their Empower 401(k) plan, participants will be able to access investments from Goldman Sachs and other asset managers through managed accounts.

The “Big, Beautiful Bill,” which was introduced by the House Ways and Means Committee on Monday, includes a proposal from Senator Ted Cruz for a new savings account for young children that comes with seed money from the government.

While the 2026 Social Security cost-of-living-adjustment will be announced in October, it is projected to be 2.4% by the Senior Citizens League.

Modeled after the Thrift Savings Plan for federal employees, the Retirement Savings for Americans Act that would automatically enroll private workers without access to a workplace retirement plan is supported by the Economic Innovation Group.

With the steep plunge in Tesla shares this year, the Lehigh County Pension Board, which oversees $500 million in retirement funds, passed a resolution last week to pause new investment in Tesla and will seek to completely divest its holdings.

Senators Chris Coons, Bill Cassidy, Tim Kaine and Susan Collins reintroduced legislation to require the SSA to mail statements about how much a person has paid into Social Security and Medicare every five years to those between 25 and 54.