401(k) Specialist

3 days ago | 401kspecialistmag.com | Brian Anderson

Daniel Aronowitz, President Trump’s nominee to lead the Employee Benefits Security Administration (EBSA) as Assistant Secretary of Labor, signaled a major shift in the Department of Labor’s posture toward Employee Stock Ownership Plans (ESOPs) during a Senate confirmation hearing in Washington D.C. today. EBSA is the chief regulator of ESOPs at the DOL under the Employment Retirement Income Security Act (ERISA).

4 days ago | 401kspecialistmag.com | Brian Anderson

For those curious to hear more about the direction of the Department of Labor under the second Trump administration, tune in tomorrow to hear Secretary of Labor Lori Chavez-DeRemer testify before the House Committee on Education and the Workforce in a hearing titled, “Examining the Policies and Priorities of the Department of Labor.”The June 5 hearing will be held at 10:15 a.m. ET in the Rayburn House Office Building in Washington, D.C., and will be live-streamed on the Committee’s YouTube page.

4 days ago | 401kspecialistmag.com | Brian Anderson

It’s a good news/bad news scenario when considering Fidelity Investments’ Q1 2025 retirement analysis, released today. “Although the first quarter of 2025 posed challenges for retirement savers, it’s encouraging to see people take a continuous savings approach which focuses on their long-term retirement goals.”Fidelity’s Sharon BrovelliThe good news?

4 days ago | 401kspecialistmag.com | Brian Anderson

Sending paper checks through the mail for a 401(k) rollover instead of a secure digital transfer appears to have cost a New York City man nearly his entire retirement account balance after two checks were intercepted and fraudulently cashed. The incident highlights the problem with mailed paper checks still being common in 401(k) rollovers despite some obvious and unnecessary risks.

5 days ago | 401kspecialistmag.com | Brian Anderson

New Forbes list of top 25 places largely dominated by affordable mid-sized college towns Forbes compared more than 950 cities across the country to come up with its recently released 15th annual list of the Top 25 Cities for Retirees. As usual, cities making the list tend to share many things in common aside from being relatively affordable, such as being known as college towns and being fairly similar in size (major metropolitan areas largely absent).