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BY NAPA Net Staff 10/10/2012
Guardian Life has hired industry veteran Stephen Davis to run sales at their retirement plan division, replacing Dale Magner, who departed earlier this year. Most recently Davis was at The Hartford, where he represented their mid market services to advisors. Previously he held a similar position at...
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BY Fred Barstein 10/9/2012
Most experts are predicting massive consolidation among DC record keepers, with the big push just about to begin — especially with four national record keepers representing more than 100,000 DC plans likely to change ownership in the next few months. The businesses of many large national record...
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BY NAPA Net Staff 10/9/2012
Batten down the hatches — a perfect storm lies dead ahead. Election-year politics, a struggling economy, a gargantuan federal budget deficit and the push for tax reform will combine soon, and will create a challenge for the retirement planning industry that we haven’t seen since 1986. That’s the...
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BY NAPA Net Staff 10/9/2012
RFPs are commonly used by record keepers but less so by plan sponsors searching for a new advisor. Selecting the right advisor is more important than the selection of a record keeper or even the funds in the plan but, until now, there was no industry sponsored template for plan sponsors to use. The...
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BY NAPA Net Staff 10/9/2012
You may want to put one or both of these upcoming disclosure-related webcasts on your calendar:What Plan Committees Must Do with 408(b)(2) DisclosuresNow that service providers to ERISA-governed retirement plans have provided written disclosures about their services, fiduciary status and...
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BY NAPA Net Staff 10/9/2012
As stable value investments become more popular in DC plans — falling somewhere between money market funds, where returns are low but so are risks, and mutual funds, where both returns and risks may be higher — advisors need to understand how stable value works. In a simple but comprehensive...
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BY NAPA Net Staff 10/9/2012
An Investment Company Institute study released last month, “Who Gets Retirement Plans and Why, 2011”, found that nearly three-quarters of those likely to save for retirement have access to a retirement plan through their employer or their spouse’s employer. Of that group, 93 percent participate....
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BY NAPA Net Staff 10/8/2012
Plan sponsors are required by the IRS and/or the DOL to provide notices to eligible employees and plan participants at specific times of the year related to the status of the plan or the participants’ accounts. A list from by Baden Retirement Plan Services (an Ascensus company) provides a quick...
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BY NAPA Net Staff 10/8/2012
At the annual National Association of Government Defined Contribution Administrators (NAGDC) conference in San Diego, Phyllis Borzi, head of DOL’s Employee Benefits Security Administration, opined that public plans should follow private plan disclosure rules even though she has no jurisdiction over...
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BY William Montgomery 10/8/2012
The idea of hiring experts to handle difficult plan responsibilities is nothing new to the 401(k) industry.What has changed is the variety of outsourcing opportunities offered today, and the number of vendors who will accept roles traditionally held by plan sponsors. More than ever, plan sponsors...
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