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BY NAPA Net Staff 3/26/2024
Whether it’s criticism from academia or sweeping proposals from lawmakers, the private sector retirement savings system—and 401(k)s in particular—is increasingly at risk.
We need your help in defending working Americans’ ability to save for a secure and sustainable retirement. That means your...
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BY NAPA Net Staff 3/25/2024
Merrill has begun offering new income-focused portfolios designed to deliver predictable income for retirees over a 25-year period, according to a March 25 announcement by Bank of America.
Now available for Merrill Guided Investing and Merrill Guided Investing with Advisor clients, key features of...
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BY Nevin E. Adams, JD 3/25/2024
Another suit filed against flexPATH by the law firm of Schlichter Bogard, LLP has been dismissed—with prejudice—though it seems to have turned more on good outcomes than prudent processes.
This suit (Mills v. Molina Healthcare, Inc., C.D. Cal., No. 2:22-cv-01813, complaint 3/18/22) was filed by...
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BY NAPA Net Staff 3/25/2024
We are extremely excited to announce the list of 2024 Top DC Advisor Multi-Office Firms—all with more than $1 billion in assets under advisement.
From the day we launched our call for Top DC Advisor Teams, there has been an interest in a related compilation that captures the defined contribution...
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BY John Iekel 3/25/2024
Automatic enrollment of eligible employees in the Hawaii Retirement Savings Program is closer to being put in place.
Sen. Sharon Moriwaki (D-Waikiki) introduced SB2553 on Jan. 19, 2024. Under the bill, employees would no longer be required to opt in to participate in the Hawaii Retirement Savings...
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BY Ted Godbout 3/22/2024
As the Department of Labor works in court to defend its rule allowing the use of environmental, social and governance (ESG) factors by fiduciaries when selecting plan investments, legislation to restrict the use of ESG has been reintroduced in Congress, albeit with modifications.
Rep. Greg...
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BY John Sullivan 3/22/2024
It’s the latest iteration of the auto revolution (enrollment, escalation, portability). While not directly related to 401(k)s, an idea for automatic adjustments involves retirement income—specifically, Social Security.
Alicia Munnell and William Arnone, two familiar names in retirement plan...
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BY Nevin E. Adams, JD 3/22/2024
Well, here we are again at the end of yet another workweek …and yet, just look at what has happened to these guys and gals…
Historic covered bridges are under threat by truck drivers relying on GPS meant for cars. And we have the pictures to prove it...
A NEW study has identified that you are...
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BY John Sullivan 3/21/2024
Capitalize, the 401(k) “locator” and rollover technology firm, is in good company.
The firm collaborated with the Center for Retirement Research (CRR) at Boston College on its 401(k) Statistics Tracker, which was released on Wednesday.
The Tracker found that nearly 6 in 10 U.S. workers now...
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BY Ted Godbout 3/21/2024
In recognition of the urgent need to support financial wellbeing in the workforce, intellicents has partnered with AI-driven student debt and savings optimization platform Candidly to provide its clients access to Candidly’s suite of student loan and financial wellness benefits.
According to the...
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