Skip to main content

You are here

Advertisement

Daily News

NAPA Net Daily

Powered by the National Association of Plan Advisors.

If April showers bring May flowers, then the average 401(k) balance should be quite a bouquet! In April, the average 401(k) balance for those aged 25-34 with 1-4 years of tenure gained another 4.3% for the month, adding to the first quarter’s 15.3% surge.  As for older (age 55-64) workers with... READ MORE
Last week Secretary of Labor Alexander Acosta appeared to confirm that the Department of Labor will issue a new fiduciary rule. This week, we’d like to know what you think about that prospect – and its prospects. After the 5th U.S. Circuit Court of Appeals struck down the DOL’s previous fiduciary... READ MORE
“In the interest of efficiency and to avoid wasting the resources of the Court and the parties,” just five days before their trial date, the parties in an excessive fee suit have come to terms. This time it’s the investment advisor to the plan AON Hewitt Investment Consulting, Inc. – and their... READ MORE
A new whitepaper argues that qualified default investment alternatives (QDIAs) need to evolve to provide a best-in-class solution to better prepare participants for retirement.  In Willis Towers Watson's “QDIA evolutions – Moving defined contribution plans into the future,” author Jason Shapiro... READ MORE
Open MEPs are most likely to succeed if they offer a variety of plan and fund options along with lower costs than small businesses are paying now, according to a recent study.    With Congress considering proposals to expand multiple employer plans to give small business owners more options to... READ MORE
It was a blockbuster first quarter for M&A dealmaking in the wealth management arena, but RIA breakaways apparently saw an abrupt fall as advisors stayed put, an industry report reveals.   The first quarter 2019 edition of Echelon’s RIA M&A Deal Report notes that the 49 deals occurring... READ MORE
The plaintiffs in an excessive fee case have managed to keep their case alive on appeal – in a case that also has an intriguing dissenting opinion. The suit was not only one of the first of the university 403(b) excessive fee suits to be filed, the district court decision, in favor of the... READ MORE
A reader notes, “the MEP topic at the NAPA 401(k) Summit sparked some interesting discussion among advisors during the peer session” – and did so again in this week’s NAPA-Net Reader Poll. MEPs, or multiple employer plans – more specifically “open” MEPs – have long been touted as at least a... READ MORE
After several years of record-breaking plan and participant outcomes, 2018’s market turbulence appears to have contributed to an increase in troubling participant behavior.  T. Rowe Price’s “Reference Point” reveals that 401(k) pretax deferral rates continued to rise in 2018, increasing to 8.6% on... 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 Millbrook, Alabama, Amber Lewis, 33, called police to report a burglary in progress at her home… except, as it turns out, there was no burglar… but you’ll never... READ MORE

Pages

Advertisement