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A reader comments, “Too often we get caught up in the complexities of financial wellness, etc. without improving the basics, such as the number of people who have even signed up for online access to their retirement account.” So, what do NAPA-Net readers think – and do? Asked which measures of... READ MORE
If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)…  In Daytona Beach, Florida, Antonio Jamal Gearing, 29, was on trial, accused of robbing a Dollar General store at gunpoint… and absconding with $687… but then he made a... READ MORE
A federal judge has weighed in on a question relevant to new plan committee fiduciaries: When and how does their liability for the decisions of previous committee members begin? This case (Fuller v. SunTrust Banks, Inc., N.D. Ga., No. 1:11-cv-00784-ODE, 7/16/19) arises out of a suit brought by... READ MORE
The Financial Industry Regulatory Authority has reached settlements with 56 broker-dealer member firms and obtained $89 million in restitution for nearly 110,000 charitable and retirement accounts resulting from its mutual fund fee waiver initiative.  According to FINRA’s July 17 announcement, all... READ MORE
A steady stream of trades in one direction made for the heaviest quarter of net trading since the third quarter of 2016, according to the Alight Solutions 401(k) Index. The firm’s second-quarter observations show that net transfers for the quarter were 0.61% of balances, compared to 0.50% for the... READ MORE
The Wall Street Journal’s editorial board has challenged a specific “pay for” provision in the SECURE Act. But they’re missing the big(ger) picture. One of the main reasons the SECURE Act passed the House of Representatives by the large margin of 417-3 was that, as the WSJ acknowledges, it was “... READ MORE
When it comes to ERISA litigation, we often only get to hear one side of the story – the plaintiffs’. But one of the defendants in an excessive fee case is fighting back. The plaintiffs in this case are five employees of the Massachusetts Institute of Technology (MIT) and participants in the MIT... READ MORE
The cost of investing in equity and hybrid mutual funds through 401(k) plans fell again in 2018, continuing a trend that has persisted for nearly 20 years.  In 2000, 401(k) plan participants incurred an average expense ratio of 0.77% for investing in equity mutual funds, but by 2018, that figure ... READ MORE
  The ERISA consultants at the Retirement Learning Center Resource 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 plans. We bring Case of the Week to you to highlight the most... READ MORE
Here’s a great way to grow your business and differentiate yourself from the competition. Join us September 15-17 for the 2019 NAPA Nonqualified Plan Advisor Conference and take your practice to the next level.  Just ask anyone who was at last year’s sold-out event – this is the focus that can... READ MORE

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