Newsmakers
Bipartisan House Bill Would Allow Annuities as 401(k) Default Options
Separate bicameral proposed legislation aims to boost auto-enrollment retirement plan participation.
Tag: Automatic Enrollment
Asset Management Culture
CalSavers Survives Legal Challenge
Appellate court rules ERISA doesn’t pre-empt the California law that created the state-managed IRA program.
Research
Auto-Enrollment Triples New Hire Participation
Vanguard report finds DC plan take-up rates surge to 91% from 28% under automatic enrollment.
Automatic Enrollment Can Lead to More Fees
Report finds auto-enrollment means multiple pensions, which leads to more fees.
TPR Charges Accountant for Giving False Information
Hashmukh Shah accused of falsely claiming firm enrolled staff in pension plans.