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By Ronald Triche7/30/2014 • 0 Comments

Recently, members of NAPA's leadership met with representatives of the Government Accountability Office (GAO) to gain insights for a new study the GAO is conducting on the use of qualified default investment alternatives (QDIAs) in 401(k) plans.  READ MORE

By Ronald Triche7/30/2014 • 0 Comments

On July 29, the Government Accountability Office (GAO) published findings from a recent study undertaken at the request of retiring U.S. Rep. George Miller (D-Calif.). READ MORE

By Fred Barstein7/30/2014 • 0 Comments

The hybrid model for advisors is growing quickly, especially in the DC market. But will that trend catch on with broker dealers? According to a report in RIABiz, results at Wells Fargo’s independent FiNet indicate that the answer may be yes — although Wells is the only wire house to allow advisors to use its impressive brand as an independent rep.  READ MORE

By John Iekel7/29/2014 • 0 Comments

Should your compensation be fee-based or commission-based? Cerulli Associates’ most recent report on how advisors get paid, which it issued in 2013, says that 57% of advisors are fee-based. Morgan Stanley Wealth Management, for example, reports that 37% of its AUM were in fee-based accounts as of March 31, 2014; LPL Financial is one of many firms that have encouraged advisors to charge their clients fees for more than 10 years.   READ MORE

By Fred Barstein7/29/2014 • 0 Comments

Getting your clients, especially smaller plan sponsors, to pay attention to the litigation risks of DC plans can be hard, even in the wake of recent wins by plaintiffs. A recent article in may help you get the attention of clients and prospects. The article features a list of seven best practices for plan sponsors.


Recent Columnist Articles

Case of the Week: Excess Deferrals Involving More Than One Plan

Responding to a question from an advisor in Massachusetts, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry about a 401(k) plan participant’s annual Section 402(g) limit on salary deferrals.

Look-Back ‘Provisions’

In just a few weeks the Employee Benefit Research Institute (EBRI) will be making preparations to launch the 2015 Retirement Confidence Survey (RCS). It is, by far, the longest-running survey of its kind in the nation. Indeed, this will be its 25th year. Think for a moment about where you were a quarter century ago, what (or if) you thought about retirement, what preparations you had made … then consider for a moment what you have done in the years since.
The Law of Decreasing Risk

ERISA requires fiduciaries to demonstrate their procedural prudence. Besides being a legislated and regulated requirement, it also makes good business sense. We can reduce the risk associated with a particular investment decision-making process by incorporating prudent practices — the more practices, the lower the risk. We refer to this in our training as “The Law of Decreasing Risk.” 

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