A federal district court judge has granted a motion to dismiss for failure to state a claim in a suit alleging that a stable value fund provider improperly exercised its discretionary authority to maximize its own compensation and “retain large profits rather than crediting the participants and beneficiaries of the plans with appropriate returns.”   Read More

The California Secure Choice Retirement Savings Investment Board has issued a request for proposal for investment consulting services, California State Treasurer John Chiang (D) has announced.   Read More

As plan sponsors gain a better understanding of the role inertia plays in retirement savings, a new survey finds that an increasing percentage are adopting a higher default auto-enrollment savings rate for workers in their DC plans.   Read More

Stephen King’s It involves a certain malevolent spirit that rises up every generation, wreaks havoc and feeds on the unsuspecting, before going back into hibernation. Sound familiar?   Read More

New research shows that younger investors and experienced investors are signaling a receptivity to actively managed products based on their performance value.   Read More

The Oregon Retirement Savings Board has completed a second stage of rulemaking for OregonSaves, the state-run retirement plan that is approaching full implementation.   Read More

If last week’s volley between President Trump and House Ways and Means Committee Chairman Kevin Brady (R-TX) over the potential Rothification of 401(k)s has you perplexed, rest assured, we should have some initial answers this week.   Read More

As we head to the close of the year, with the fiduciary rule (some of it anyway), behind us, and tax reform just ahead – it seems a good time to find look at the prospects for 2018 fees, and what factor(s) may be having an impact.   Read More

If you’re a NAPA RIA/Broker-Dealer Firm Partner, and you’ve not yet submitted your nominations for NAPA’s 2018 Top Advisors Under 40 – well, you had better get to it.   Read More

American Retirement Association CEO Brian Graff reminded attendees at ASPPA’s 2017 Annual Conference this week that tax reform is a pressing matter. “We’re next,” he said, as he noted that several other tax proposals floated as potential revenue enhancers have been walked back.   Read More

The 2017 World Series is off to a great start (certainly if you are a Dodgers or Astros fan) – but who are NAPA Net readers rooting for?   Read More

In Washington you never really quite know whether a legislative proposal is truly dead, mostly dead, or partly alive. In this case, we’re not talking about Rothification, but a proposed legislative fix to the Affordable Care Act (ACA).   Read More

Think you’ve had a bad week? It could have been worse. Check out what happened to these guys (and gals)…   Read More

President Trump may have thought his tweet would have ended the controversy over a proposed partial Rothification of 401(k)s – but that was Monday.   Read More

Despite slightly lower volume in the third quarter of 2017, merger and acquisition activity in the RIA industry is on pace for a fifth consecutive record year, with expected deal volume for the full year anticipated to reach 169 transactions, a 23% increase over 2016’s record year.   Read More

Where does the DOL’s fiduciary rule stand? What might we expect in the future? ERISA attorney Fred Reish provided an update on the former and shared his thoughts on the latter at the 2017 ASPPA Annual Conference this week.   Read More

An overall grade of ‘C’ means the country’s system has some good features, but also has major risks and/or shortcomings that should be addressed.   Read More

The results of a new study make it clear that having access to a 401(k) plan is critical in helping workers get on a path to having a secure retirement.   Read More

Women aren’t just balancing the checkbook and budgeting, as prior generations were taught in high school; a significant share is now overseeing retirement planning and investments.   Read More

Judge P. Kevin Castel of the U.S. District Court for the Southern District of New York has reduced the fee requested in an excessive fee case.   Read More