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NAPA Net Daily

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Recent reports indicate a surge in adoption of cash balance plans in recent years, particularly among smaller employers. What are NAPA Net readers seeing in their practices?Cash balance plans certainly have made inroads – a full 80% of this week’s respondents say their current clients offer such a... READ MORE
With statistics showing women having a longer life expectancy and a significant retirement savings gap compared to men, incorporating good DC plan design and financial wellness programs can help women establish a path for a secure retirement, panelists suggested at a recent policy forum.“The Gender... READ MORE
The American Retirement Association is urging Congress to approve legislation providing victims of Hurricanes Harvey, Irma and Maria access to their 401(k) and similar plan savings without incurring IRS penalties and taxes.The ARA has been making the case that legislation should mirror the relief... READ MORE
Today we are pleased to unveil our first-ever list of Top DC Advisor Firms.Since their inception, NAPA’s various industry lists have been a valuable Who’s Who of who matters in the world of retirement plans and retirement plan advisors. Today we open another chapter – the NAPA Top DC Advisor Firms... READ MORE
A majority of both active and passive portfolio managers believe that the ongoing shift toward passive strategies will continue for many years, new survey results show.To address this ongoing movement, active managers should be experimenting with new products, alternative data sets and other... READ MORE
Legislation that would repeal the DOL’s fiduciary rule would have a negligible effect on federal revenues, say multiple cost estimates.The Affordable Retirement Advice Act for Savers (H.R. 2823), introduced by Rep. David Roe (R-TN) on June 8, 2017, would repeal the fiduciary rule. The bill also... READ MORE
The IRS and the Pension Benefit Guaranty Corporation (PBGC) have extended some forms of relief for victims of Hurricane Irma in Georgia, which had been affected by the storm as it churned northwest from Florida. The relief applies in all 159 counties in the state.The IRS said on Sept. 19 that Form... READ MORE
CAPTRUST has expanded its reach with the addition of Davidson & Garrard (D&G), a registered investment advisor based in Lynchburg, VA.The announcement comes less than a month after the announcement of CAPTRUST’s merger with Tampa, FL-based investment advisor CapTrust Advisors.Founded in... READ MORE
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and qualified retirement plans.A recent call with an advisor in Maryland is representative of a common inquiry involving rollovers.... READ MORE
Another excessive fee suit – this one involving a not-so-jumbo plan – claims that 401(k) plan fiduciaries “severely mismanaged the Plan in a myriad of ways,” notably by, in the plaintiff’s words, “imprudently incorporating funds on its menu that were excessively expensive.”While the plan involved... READ MORE

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