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NAPA Net Daily

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Today we are pleased to announce our fourth annual list of NAPA Top 100 Defined Contribution (DC) Wholesalers, as selected by the nation’s leading retirement plan advisors.We call them “Wingmen” because if they are doing their job, they have your back – and this year’s group certainly fits that... READ MORE
The House and Senate are scheduled to return today from a month-long break facing an extremely busy legislative calendar.The legislative agenda was already packed full, with the need to approve funding legislation for fiscal year 2018 (which begins Oct. 1), increase the debt limit, determine... READ MORE
In addition to the books, reference guides, and a few personal “knick knacks,” I have for years had in my office a couple of model cars – but not for the reason people generally think.These models happen to be Studebakers (a 1950 Champion, a 1953 Starliner and a 1963 Avanti). I’d wager that a... READ MORE
A new blog post by Fred Reish (with help from some of his colleagues at Drinker Biddle) says it’s more complicated than you might think.The blog post starts by acknowledging that “some plans are not subject to the Rule, and some arrangements that are not actually IRAs are treated as if they were... READ MORE
The Oregon Treasury has unveiled a proposal to modify the Oregon State Retirement Program (ORSP).The proposal would create new rules and modify existing rules for the ORSP. Specifically, the rules: clarify the definitions in certain joint employment relationships; allow for non-payroll... READ MORE
While estimates of the size and growth of “gig employment” vary, there are several indications that gig work is here to stay, even though such work may have a destabilizing effect on personal financial security, a new survey shows.Noting that it conducted the survey to better understand the... READ MORE
Temperatures continued to rise in August, but the increase in average 401(k) balances cooled off a bit.Not that the hot streak abated much. According to the nonpartisan Employee Benefit Research Institute (EBRI), the average account balance for younger (age 25-34), less tenured (1-4 years) workers... READ MORE
A recent survey of fairly large plan sponsors suggests that after years of declining, recordkeeper fees plateaued in 2016 – and we’re leaving our reader poll open another week for you to share your experiences.For years, recordkeeping services – complex and difficult as they can be to provide... READ MORE
Labor Secretary Alexander Acosta will meet Sept. 5 with representatives of companies that oppose the Obama administration’s fiduciary rule, according to a published report.Politico Pro, citing two sources familiar with the matter, says the meeting at the Labor Department will include... READ MORE
A complaint seeking class action status alleges that an investment advice platform steered participants into high-cost retirement funds that paid excessive fees and revenue-sharing “kickbacks.”The suit, filed August 3, charges violations of both the Racketeer Influenced and Corrupt Organizations... READ MORE

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