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NAPA Net Daily

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Well, here we are again at the end of yet another workweek …and, as it turns out, another month. And yet, there’s no shortage of…well, just look at what happened to these guys and gals… First, some odds and ends… Theatre tickets from night of Lincoln assassination sell for… well, less than you... READ MORE
Another federal judge has weighed the assertions made in an excessive fee suit—and found them lacking both in terms of a “meaningful benchmark,” and specificity of the claims made. The Suit The plaintiffs here—Jennifer R. Lard, John G. Juergens, Gerald L. Robinson, Scott W. Anderson, Thomas A.... READ MORE
Securities and Exchange Commission Chairman Gary Gensler faced a barrage of criticism from members of both parties on the House Financial Services Committee over what some described as the Commission’s “radical agenda” that threatens the integrity of financial markets.   During the nearly five-... READ MORE
A suit alleging a breach of fiduciary duty has been filed because the plan fiduciaries offset employer contributions with forfeitures, rather than using them for the “exclusive benefit” of participants.    Plaintiff Konstantina Dimou, a participant in the Thermo Fisher Scientific Inc. 401(k)... READ MORE
Vestwell continued its march on state-sponsored private retirement plans on Tuesday and announced that New Jersey has selected the company as its program administrator for the Secure Choice Savings Program. “The partnership will provide New Jersey residents with access to modern retirement plans... READ MORE
The bad news is that 401(k) loans are on the rise and have consistently increased since a low in 2020, according to a new report from T. Rowe Price. Thankfully, they have yet to reach pre-pandemic levels. The firm noted that loans decreased at the beginning of the pandemic due in part to the... READ MORE
September Episode Description: In personal branding, we’re encouraged to be authentic and diverse but then criticized when we open up, making us wonder—what does the world really want from us? How can we express ourselves in a way that we’re comfortable with, that’s “real and true,” but not... READ MORE
ERISA consultants at the Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings and income plans, including nonqualified plans, stock options, and... READ MORE
Analysis of the first state-sponsored retirement plan for uncovered workers—OregonSaves—supports earlier findings that auto-IRAs do, in fact, close the coverage gap. More specifically, a new paper examined Oregon’s program, started in 2017, which requires employers who did not offer any workplace... READ MORE
As if the stress from high inflation and the possibility of an economic downturn wasn’t already enough, add concerns about higher taxes on 401(k) plans and IRAs to the list of worries. According to Allianz Life’s 2023 Q3 Quarterly Market Perceptions Study, Americans are increasingly worried about... READ MORE