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BY NAPA Net Staff 10/15/2012
There are three practical lessons from the March 2012 decision in the case, Tussey v. ABB, as outlined by NAPA Net ERISA Conductor Bob Rafter:1. make Investment Policy Statements as broad as possible so that there can be little room to second-guess the plan sponsor’s actions;2. while selecting a...
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BY NAPA Net Staff 10/15/2012
The DC Record Keeper Consolidation List details significant deals in the defined contribution market since 1999. It is provided in three parts:• 1999-2002 (click here);• 2003-2005 (click here); and• 2006-September 2012 (see below).To download a pdf file of the comprehensive 1999-2012 list, click...
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BY NAPA Net Staff 10/15/2012
The DC Record Keeper Consolidation List details significant deals in the defined contribution market since 1999. It is provided in three parts:• 1999-2002 (click here);• 2003-2005 (see below); and• 2006-September 2012 (click here).To download a pdf file of the comprehensive 1999-2012 list, click ...
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BY NAPA Net Staff 10/15/2012
The DC Record Keeper Consolidation List details significant deals in the defined contribution market since 1999. It is provided in three parts:• 1999-2002 (see below);• 2003-2005 (click here); and• 2006-September 2012 (click here).To download a pdf file of the comprehensive 1999-2012 list, click ...
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BY NAPA Net Staff 10/15/2012
In another sign of the importance of DC plans, the Fed reported in its triennial Survey of Consumer Finances that DC plan balances accounted for 61.4 percent of families’ total financial assets in 2010, up from 58.1 percent in 2007, as median net worth declined 38.8% and income declined by 7.7%....
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BY NAPA Net Staff 10/15/2012
With the impact of the DOL’s disclosure regulations now trickling down to participants and the attendant focus on fees in 401(k) plans, the debate over who should pay and what they should pay is just beginning, as outlined in a Wall Street Journal article. Plan sponsors are beginning to understand...
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BY NAPA Net Staff 10/15/2012
By Thomas D. CloughAccording to a recent study by Alliance Bernstein, only 63% of all plan sponsors consider themselves to be plan fiduciaries. The cases summarized below highlight the DOL’s commitment to a rigorous enforcement of the law and underscore the need for competent guidance on ERISA...
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BY Sheri Fitts 10/12/2012
Measuring social media results can be an art. But many smart business people know that measuring is what matters. Like marketing, it can be difficult to pinpoint the exact moment a prospect decided to become a client, and ensure that you’re able to recreate that moment again and again. There are a...
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BY NAPA Net Staff 10/12/2012
The Profit Sharing Council of America (PSCA) has released its 55th Annual Survey of Profit Sharing and 401(k) Plans. The results of the 2012 survey — which reports on the 2011 plan-year experience of 840 plans representing 10.3 million participants and $753 billion in assets — demonstrate continued...
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BY NAPA Net Staff 10/12/2012
By Danny StreiffFor decades, the only “unsolvable” problem in our industry has been everyone’s most important problem: getting people to save much more so they’ll have enough for a comfortable retirement. It’s ironic that we can solve almost every plan-related issue except higher participation and...
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