It's the end of May, and Auto IRA initiatives are racing the calendar as the 2023 legislative session ends. Grab a cool beverage and get your news on:

• Advancing retirement savings: Minnesota, Missouri, and Vermont Get Busy

• State metrics - over 50,000 employers facilitating, and more

• Key updates from Delaware, Hawaii, Illinois, New Jersey, and Oregon – and a host of legislatively active states

• Eyes on the Big Picture: Top Trends

• Hot Sauce and Cool Stuff

• … and Pix of the week!

Did you miss us?! We took a spring break to fit those COVID vaccines in. While we’ve been laying around developing antibodies like mad, there’s been *so much* going on in the world of retirement security! You will not want to miss:

• Mark Iwry on the concept of Automatic – and how getting there really wasn’t …

• Fresh state stats: funded accounts are up 25% year to date!

Determining the “default” investment for savers who do not make a decision about where to direct their contributions is a weighty decision. The downside of putting the money into investments that carry more risk, and a greater potential for loss, is obvious. But parking the contributions in a “safe” investment with lower risk means participants’ accounts may not grow sufficiently to provide significant income security in retirement. Increasingly, target-date funds (TDFs) have become a popular solution.