Advertisement
Daily News
NAPA Net Daily
Powered by the National Association of Plan Advisors.
BY David Hilton 10/3/2017
While hacks at Equifax and the Securities and Exchange Commission have dominated the headlines, over the past several weeks, hackers have been attempting – and in at least one case had success – in using stolen identities to hack into individual 401(k)s and other retirement plans.These criminals...
READ MORE
BY Ted Godbout 10/3/2017
While many are likely aware that the Best Interest Contract Exemption (BICE) requires satisfaction of three impartial conduct standards, there is a fourth, less well known requirement.In his most recent blog post concerning the Department of Labor’s fiduciary rule and exemptions, ERISA attorney...
READ MORE
BY Nevin E. Adams, JD 10/3/2017
If you’re still struggling to figure out how to reach Millennials (even if you are a Millennial), take heart – there’s (already) another generational cohort entering the workforce.This new cohort is called Generation Z (at one point, Millennials were referred to as Gen Y, so…) – they are, generally...
READ MORE
BY Ted Godbout 10/2/2017
To help plan sponsors insure their employees’ data is protected within their retirement plan, new industry best practices for how recordkeepers should report their cybersecurity capabilities to plan sponsors and plan consultants have been developed by the SPARK Institute.“For years plan sponsors...
READ MORE
BY Nevin E. Adams, JD 10/2/2017
Fidelity has prevailed in an excessive fee suit that took issue with the fee arrangement of an online advice program and the choices provided participants via a plan’s self-directed brokerage account.The suit (Fleming v. Fid. Mgmt. Tr. Co., 2017 BL 336561, D. Mass., No. 1:16-cv-10918-ADB, 9/22/17)...
READ MORE
BY John Iekel 10/2/2017
A recent Tax Court ruling provides a reminder of the importance of verifying that a repayment of a plan loan has actually been made.The ruling, Louelia Salomon Frias v. Commissioner, TC Memo 2017-139, demonstrates that the rules for repayment of plan loans “can be quite complicated” and that...
READ MORE
BY NAPA Net Staff 10/2/2017
In a month that has traditionally been the worst for U.S. stocks, how did average 401(k) balances fare?Well, let’s just say that if this is traditionally a bad month for the markets (and it has been), 2017 looks to be an exception. On Friday, the S&P 500 and the Nasdaq Composite finished at all...
READ MORE
BY Nevin E. Adams, JD 10/2/2017
Do you work with and/or encourage the use of education policy statements by your plan sponsor clients?Every plan doesn’t have an investment policy statement, though many do. A more recent development that builds on that concept is the education policy statement – a tool that can help plan sponsors...
READ MORE
BY Ted Godbout 9/29/2017
Retirement industry leaders appearing at a Capitol Hill event this week generally agreed that building on the existing system would dramatically improve the retirement readiness of Americans throughout the country.In what turned out to be coincidental timing, the Financial Services Roundtable...
READ MORE
BY Nevin E. Adams, JD 9/29/2017
Mere hours remain to vote on the topics you’d like to hear/learn/talk more about at the NAPA 401(k) Summit – here’s where they stand.The bottom line is still the bottom line: “Enhancing profitability in a fee compressed world” remained atop the voting list. Beyond that, we have a new #2 this week,...
READ MORE
Pages
Advertisement
Advertisement
Most Popular
Advertisement
Sign up for The Daily
Recent Comments