Government Accountability Office

About half of workers—especially those who are low income or employed by small firms—lack access to a retirement savings plan through their employer. To address this issue, a growing number of states have proposed or begun implementing programs to provide access to workers whose employer does not offer a retirement plan. The Government Accountability Office (GAO) is interested in learning more about recent developments in state efforts to expand coverage in retirement savings plans. For this project, students conducted internet searches and conducted in-depth case studies of 2-3 states to...

The prevalence of on-line retirement planning tools including so-called “Robo Advisors” has increased dramatically in recent years. Students explored questions such as: What is known about the availability and construction of publicly available Robo Advisors for participants to use in planning for a secure retirement, and what is the nature and quality of the advice provided? How are these on-line tools treated under law and regulation compared to human advisors and service providers? What legislative or regulatory actions, if any, can the congress and the administration take to ensure that...