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With Americans living longer and retiring later, saving for retirement has become more important than ever. Yet, too many employees are still not covered by employer plans, and most of those who are covered don’t contribute enough for a stable retirement.

Saving for a secure retirement may seem simple – you put away a certain amount with each paycheck and let it grow until you retire.

Many studies have shown that Americans are not saving enough for retirement. A surprising number of employees still do not even have access to a 401(k) savings plan.

Imagine you have a plan participant who suddenly finds that $99,000 has been stolen from her account by a hacker. Her only notice was confirmations she received after the money had been stolen.

Becoming an ERISA fiduciary doesn’t require any specific experience or certification. You don’t even need to acknowledge that you are a fiduciary. If you act like a fiduciary – such as by selecting investments or ruling on participant claims – you are one. It’s that simple.

With the mid-term elections behind us, I see reason to be optimistic that a post-election pension bill could be passed by year-end. Two bills, the Retirement Enhancement and Savings Act (RESA) and the Family Savings Act, have broad support in Congress and could be folded into any year-end tax bill.

It finally happened. The Fiduciary Rule officially died on June 21 when the Fifth Circuit Court of Appeals formally entered its order vacating the Rule. The Trump Department of Labor (DOL) declined to either file for a rehearing or request Supreme Court review.