John Sullivan

Denver

Chief Content Officer at American Retirement Association

Chief Content Officer at American Retirement Association

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Articles

Trump Suggests Corporate Transparency Act Tweaks Amid Support

2 months ago | news.bloomberglaw.com | Tristan Navera |John Sullivan |Laura D. Francis |Andrea Vittorio

A US Supreme Court order allowing enforcement of the Corporate Transparency Act amid legal challenges put the ball back in the court of a new Trump administration that already has indicated a desire to switch things up. The government is now within striking distance of finally seeing the 2021 business law put into action, but President Donald Trump‘s personal views on the financial crime prevention measure remain unclear.
Fiduciary Rule Opponents Use Congressional Review Act to Thwart DOL

May 17, 2024 | asppa.org | John Sullivan

Congressional critics of the Department of Labor’s (DOL) final fiduciary rule, officially called the Retirement Security Rule, announced May 15 that they are moving forward with their attempt to block the rule from taking effect. Several high-profile senators and representatives introduced a resolution of disapproval under the Congressional Review Act (CRA) to overturn what they claim is “a flawed rule from the DOL that would endanger financial choice and access.”The move was spearheaded by Sens.
Fiduciary Rule Opponents Use Congressional Review Act to Thwart DOL

May 17, 2024 | asppa-net.org | John Sullivan

Congressional critics of the Department of Labor’s (DOL) final fiduciary rule, officially called the Retirement Security Rule, announced May 15 that they are moving forward with their attempt to block the rule from taking effect. Several high-profile senators and representatives introduced a resolution of disapproval under the Congressional Review Act (CRA) to overturn what they claim is “a flawed rule from the DOL that would endanger financial choice and access.”The move was spearheaded by Sens.
Fintech Friday: High-Profile Industry Association ‘Stashes’ Cash in New Fintech App

May 16, 2024 | napa-net.org | John Sullivan

A fintech backed by an industry association? It’s something rarely seen, at least in the benefits space, but SHRM, which claims to be the world’s largest HR association, is a strategic investor in savings app Stash, which recently launched StashWorks. According to the company, StashWorks allows employees to designate a dollar amount or paycheck percentage to save on payday, reinforcing good behavior by earning rewards for “Saving Streaks” as they hit certain financial well-being milestones.
Fiduciary Rule Opponents Use Congressional Review Act to Thwart DOL

May 15, 2024 | napa-net.org | John Sullivan

Congressional critics of the Department of Labor’s (DOL) final fiduciary rule, officially called the Retirement Security Rule, announced Wednesday that they are moving forward with their attempt to block the rule from taking effect.
Misunderstanding of Collective Investment Trusts Forces Major Media Retraction

May 9, 2024 | napa-net.org | John Sullivan

The growing demand for collective investment trusts (CITs) in the target date fund (TDF) space caused Morningstar to recently predict that they would overtake mutual funds as the most popular target-date vehicle by the end of 2024. Indeed, it almost happened in 2023, with CITs receiving 49% of the TDF market share. Yet, despite CITs’ rapid rise, misconceptions about the product persist, even among financial professionals (and advisors), especially regarding fees.
FinTech Friday: ‘RIAAI’-Artificial Intelligence Comes for RIAs

May 9, 2024 | napa-net.org | John Sullivan

Throw another industry acronym (RIAAI?) on the already overflowing pile. Notoriously tech-shy financial advisors won’t be able to avoid—or at least procrastinate about—artificial intelligence much longer with the release of RIA GPT. It claims to be the “first generative-AI platform specifically for Registered Investment Advisors (RIA).”Launched by Greenwich, Conn.-based Artificial Intelligence Risk, Inc.
Saver’s Match Could Have a Major Impact on Race, Gender Savings Gaps

May 7, 2024 | napa-net.org | John Sullivan

How will the Saver’s Match contained in SECURE 2.0 affect race/gender disparities in 401(k) balances? It’s a question tackled in the latest analysis from the Collaborative for Equitable Retirement Savings (CFERS), comprised of three high-profile retirement plan research organizations.
Saver’s Match Could Have a Significant Effect on 401(k) Race, Gender Gaps

May 7, 2024 | napa-net.org | John Sullivan

How will the Saver’s Match program contained in SECURE 2.0 legislation affect race/gender disparities in 401(k) balances? It’s a question tackled in the latest analysis from the Collaborative for Equitable Retirement Savings (CFERS), comprised of three high-profile retirement plan research organizations.
Social Security Solvency Extended by One Year, But …

May 7, 2024 | napa-net.org | John Sullivan

The annual Social Security and Medicare Trustees Reports, released on Monday, found that as in previous years, the Social Security and Medicare programs “both continue to face significant financing issues.” While the Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100% of total scheduled benefits until 2033, unchanged from last year’s report, the Disability Insurance (DI) Trust Fund is projected to be able to pay 100% of total scheduled benefits through one additional...