Displaying 34 results
Retirement confidence flagging for most older US adults: AARP
Survey finds one-fifth of US adults aged 50 and over have no retirement savings, and three-fifths concerned they’ll outlive their nest eggs.
Vermont pushes partnership to hasten auto-IRA program
The state’s planned alliance with Colorado could allow its VT Saves initiative to launch before year-end.
Washington governor signs auto-IRA legislation
The Washington Saves program, which will take effect in 2027, extends a lifeline for millions of workers facing retirement readiness crisis.
Michigan workers could gain retirement lifeline with auto-IRA proposal
The state is the latest to move to fill the gap in employer-sponsored retirement programs.
Small employers don’t know the tax perks for starting 401(k)s
There are incentives of up to $5,000 to start plans, but many business owners don't take advantage of that, EBRI found.
What’s behind Vestwell’s $125M Series D funding?
CEO Aaron Schumm talks about the long game in the state-plan market and mentions that Vestwell is exploring lifetime income.
Federal auto-IRA would crowd out private-sector plans, critics say
'Why would any business owner maintain a retirement plan if the federal government is going to take over all the costs and responsibility of providing retirement benefits?' says the CEO of a trade group representing plan sponsors.
401(k) balances highlight major wealth gap, GAO says
State auto-IRAs and provisions of the Secure 2.0 Act could help, but there are numerous factors underlying wealth inequality.
State auto-IRA programs bring red and blue together
The push for the retirement plans is winning a vote not only from state representatives but also from across the aisle.
State auto-IRAs are flying high in 2023
Several states will once again be pressing for the establishment of new state-run auto-IRA programs during their legislative sessions this year.
CalSavers on hunt for new leader as executive director Selenski departs
The California auto-IRA program is not only the biggest in the country, but its arrival correlated with a pick-up in new 401(k) plans in the state.
Delaware becomes 16th state to join auto-IRA ranks
Gov. John Carney signed the Delaware EARNS Act, which requires businesses with more than five employees that don't offer a retirement plan to enroll in the state program.
Registrations soar ahead of California auto-IRA deadline
More than 87,000 employers have already registered for CalSavers, which launched in 2019.
Virginia announces auto-IRA program, Vestwell to administer
Virginians without access to a workplace retirement savings plan will now be able to save a portion of their pay in a professionally managed IRA.
State auto-IRA initiatives flowering in May
California is looking to expand its auto-IRA program, while Missouri, Arizona and Hawaii are considering joining the club.
Supreme Court refuses to hear challenge to CalSavers
California prevailed in a legal battle over its auto-IRA program.
California set to fine employers that have ignored auto-IRA registration
More than 650 employers in the state will be sent notices that they're not in compliance. Fines start at $250 per employee.
Litigation, student loans and the retirement outlook for 2022
A pending decision by the Supreme Court could change 401(k) fee lawsuits in a big way.
Maryland auto IRA to include retirement income, emergency savings
MarylandSaves will automatically make payments to account holders when they reach 'retirement age,' unless they specify otherwise.
Public opinion favors state auto IRAs, report finds
State auto IRA programs, seen as a potential boon for small plan providers and PEPs, are supported by a majority of Democrats and Republicans, a recent survey found.
- 1
- 2
