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BY Nevin E. Adams, JD 3/16/2018
If it’s March, then it must be time for March Madness! Who do NAPA Net readers favor in the Final Four – and who is destined to be the 2018 “Cinderella” team?Well, in the South, UVA topped reader’s picks (as well as the “experts”), garnering 39%, followed by Arizona (21%) – oops, well, that didn't...
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BY NAPA Net Staff 3/16/2018
Last night the U.S. Court of the Appeals for the 5th Circuit threw the fiduciary rule a bit of a curve – but don’t worry, we’ve got you covered at the NAPA 401(k) SUMMIT. Here’s how…Our opening keynote will feature American Retirement Association CEO Brian Graff, with his insightful (and...
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BY NAPA Net Staff 3/16/2018
Want to do something about financial literacy? At the NAPA 401(k) SUMMIT we’ve got a way that you can help – and do something about your own financial wellness as well.It’s the 401k Race for Financial Fitness, and there’s one in Nashville on April 14, just ahead of the NAPA 401(k) SUMMIT.The Race...
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BY Andrew Remo 3/16/2018
For the first time, the Retirement Enhancement and Savings Act (RESA) has gotten some traction in the U.S. House of Representatives – and on a bipartisan basis.Reps. Mike Kelly (R-PA) and Ron Kind (D-WI) – along with 14 other Democratic and Republican cosponsors – introduced H.R. 5282 in the House...
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BY Nevin E. Adams, JD 3/16/2018
A participant suit alleging that a recordkeeper’s advice arrangement with Financial Engines constituted a breach of fiduciary duty has been dismissed – again.Plaintiff Lisa Patrico, a participant in the Nestle 401(k) Savings Plan, had filed a class action suit against Voya, the recordkeeper for the...
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BY Nevin E. Adams, JD 3/16/2018
The Labor Department finally came up short in federal court – but trade industry headlines notwithstanding, like Mark Twain, the rumors of the fiduciary rule’s “demise” might be a bit premature.It was the first loss in court (U.S. Chamber of Commerce v. DOL, 5th Cir., No. 17-10238, order reversing...
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BY Ted Godbout 3/15/2018
Increases in the number of private equity buyers and the availability of financing, along with market cycle timing and greater motivation to break away, are among the key factors driving record merger and acquisition activity, according to a new report.Echelon Partners’ 2017 RIA M&A Deal Report...
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BY Spencer X Smith 3/15/2018
The 2018 NAPA 401(k) Summit in Nashville is just around the corner. How can you maximize your results when you attend? I had the good fortune of speaking at the 2017 Summit in Las Vegas as well as 26 other conferences last year, and I’ve found that there are three social media strategies you can...
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BY Ted Godbout 3/14/2018
Given the recent attention and lack of formal guidance addressing missing participants for ongoing DC plans, there are increasing calls for the government to formally address how far plan sponsors need to go to find missing participants.Noting that the IRS, Labor Department and PBGC have been...
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BY Nevin E. Adams, JD 3/14/2018
The parties in a decade-old stock drop lawsuit have come to terms with a multimillion-dollar settlement.The proposed settlement (In Re SunTrust Banks, Inc. ERISA Litigation, N.D. Ga., No. 1:08-cv-03384-RWS, unopposed motion for settlement 3/9/18) would end a 10-year lawsuit that had accused...
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