04/03/2023
President Biden saved his first use of the presidential veto pen for an issue affecting HR. On March 20, he vetoed a bipartisan congressional resolution that would have overturned a Department of Labor rule that allows retirement plan fiduciaries to weigh environmental, social and governance factors when deciding how to invest plan funds.
04/03/2023
Overall, increases reflect a compound annual average growth rate of 19.4%, with the average account balance rising from $78,008 at the end of 2016 to $158,361 at the end of 2020.