Although the average retirement account balance rose in the fourth quarter of last year, balances ended the year down from a year earlier – losing nearly one-quarter of their value, according to a new Fidelity report.
"Businesses should consider establishing workplace-violence prevention plans to identify, assess, and intervene with current employees, former employees, and customers who may pose a risk of violence," according to a new report from the Secret Service.
The debate's likely to continue over whether 401(k) plan sponsors should consider environmental, social and governance factors when selecting investment options, but the rule creates new opportunities for advisors.
Earlier this year, the department told retirement plan sponsors they could face an "investigative program" if they allowed digital currencies in their workplace plans.
A resolution was adopted to restrict the use of sustainability factors in making investment decisions in the Florida Retirement System defined-benefit plan.
DebugScreen: mobile
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"author": {
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"articles": [
{
"uri": "/2023/03/27/majority-of-workers-believe-their-company-has-pay-gap-issues-that-are-going-unaddressed-411-29448/",
"title": "Majority of Workers Believe Their Company Has Unaddressed Pay Gap Issues",
"byline": "Alan Goforth",
"kicker": "Analysis",
"prettyDate": "March 27, 2023",
"timeToRead": "3 minute",
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"summary": "\"To bridge pay gaps in the workplace, employers must proactively build pay equity and increase transparency within their organization.\"",
"body": null
},
{
"uri": "/2023/03/13/fidelity-401k-balances-were-down-23-in-2022-but-rebounding-411-29373/",
"title": "401(k) Balances Were down 23% in 2022, but Are Now Rebounding",
"byline": "Alan Goforth",
"kicker": "Analysis",
"prettyDate": "March 13, 2023",
"timeToRead": "3 minute",
"image": {
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"summary": "Although the average retirement account balance rose in the fourth quarter of last year, balances ended the year down from a year earlier – losing nearly one-quarter of their value, according to a new Fidelity report.",
"body": null
},
{
"uri": "/2023/03/10/short-and-shallow-recession-in-2023-says-the-conference-board-411-29364/",
"title": "'Short and Shallow' Recession Expected in 2023",
"byline": "Alan Goforth",
"kicker": "News",
"prettyDate": "March 10, 2023",
"timeToRead": "4 minute",
"image": {
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"summary": "The Conference Board predicts a recession that will be more of a bump in the road than a pothole that disrupts the economy.",
"body": null
},
{
"uri": "/2023/01/31/employers-beware-prepare-workplace-disputes-spark-some-mass-attacks-says-report-411-29162/",
"title": "Employers: Beware and Prepare for Potential Acts of Violence",
"byline": "Alan Goforth",
"kicker": "Analysis",
"prettyDate": "January 31, 2023",
"timeToRead": "3 minute",
"image": {
"uri": "https://images.treasuryandrisk.com/contrib/content/uploads/sites/411/2023/01/4.-Anxiety-and-Depression-Article-202103141919.jpg",
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"summary": "\"Businesses should consider establishing workplace-violence prevention plans to identify, assess, and intervene with current employees, former employees, and customers who may pose a risk of violence,\" according to a new report from the Secret Service.",
"body": null
},
{
"uri": "/2022/11/28/dols-final-esg-rule-rolls-back-restrictions-in-retirement-funds-some-early-reactions-411-28710/",
"title": "DOL's Final ESG Rule Rolls back Restrictions in Retirement Plans",
"byline": "Alan Goforth",
"kicker": "News",
"prettyDate": "November 28, 2022",
"timeToRead": "3 minute",
"image": {
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"summary": "The debate's likely to continue over whether 401(k) plan sponsors should consider environmental, social and governance factors when selecting investment options, but the rule creates new opportunities for advisors.",
"body": null
},
{
"uri": "/2022/10/24/big-boost-employees-can-contribute-up-to-22500-to-their-401ks-in-2023-411-28488/",
"title": "Big Boost: Employees Can Contribute up to $22,500 to Their 401(k)s in 2023",
"byline": "Alan Goforth",
"kicker": "News",
"prettyDate": "October 24, 2022",
"timeToRead": "2 minute",
"image": {
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"summary": "The IRS also announced that the limit on catch-up contributions for those 50 and older will rise to $7,500.",
"body": null
},
{
"uri": "/2022/10/13/less-than-half-of-cfos-are-optimistic-about-the-economy-three-fourths-anticipate-recession-411-28417/",
"title": "Less Than Half of CFOs Are Optimistic About the Economy",
"byline": "Alan Goforth",
"kicker": "News",
"prettyDate": "October 13, 2022",
"timeToRead": "3 minute",
"image": {
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"summary": "71% have a positive outlook on demand, but only 57% are confident they can control costs, according to a new Grant Thornton survey.",
"body": null
},
{
"uri": "/2022/09/22/dol-asks-judge-to-toss-lawsuit-over-its-401k-cryptocurrency-guidance-411-28234/",
"title": "DOL Asks Judge to Toss Lawsuit over Its 401(k) 'Cryptocurrency Guidance'",
"byline": "Alan Goforth",
"kicker": "",
"prettyDate": "September 22, 2022",
"timeToRead": "3 minute",
"image": {
"uri": "https://images.treasuryandrisk.com/contrib/content/uploads/sites/411/2022/09/bitcoin-crypto-currency.jpg",
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},
"authors": [
{
"webUrl": "/author/profile/alan-goforth/",
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],
"kickerNode": [],
"summary": "Earlier this year, the department told retirement plan sponsors they could face an \"investigative program\" if they allowed digital currencies in their workplace plans.",
"body": null
},
{
"uri": "/2022/09/19/dol-orders-wells-fargo-to-pay-132m-settlement-to-401k-participants-411-28224/",
"title": "DOL Orders Wells Fargo to Pay $132M Settlement to 401(k) Participants",
"byline": "Alan Goforth",
"kicker": "News",
"prettyDate": "September 19, 2022",
"timeToRead": "3 minute",
"image": {
"uri": "https://images.treasuryandrisk.com/contrib/content/uploads/sites/411/2022/09/07-Wells-Fargo-Bank-Sign-Article-202103111552.jpg",
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"authors": [
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],
"kickerNode": [
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],
"summary": "The company, as well as trustee GreatBanc Trust, caused the plan to overpay for company stock.",
"body": null
},
{
"uri": "/2022/09/02/florida-state-board-bans-esg-considerations-in-managing-pension-plan-411-28046/",
"title": "Florida State Board Bans ESG Considerations in Managing Pension Plan",
"byline": "Alan Goforth",
"kicker": "News",
"prettyDate": "September 02, 2022",
"timeToRead": "3 minute",
"image": {
"uri": "https://images.treasuryandrisk.com/contrib/content/uploads/sites/411/2022/08/ESG-Investing-Article-202101081702.jpg",
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"authors": [
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],
"kickerNode": [
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"summary": "A resolution was adopted to restrict the use of sustainability factors in making investment decisions in the Florida Retirement System defined-benefit plan.",
"body": null
}
]
}
}
